Workforce Analysis

Webster Global Site Selectors offers workforce analysis services to help companies realize their growth goals.

Respected Experts in Workforce Analysis

Recent events, such as the COVID-19 pandemic and chip shortages, have forced many companies to rethink their operational strategies and supply chain decisions. The volatile risks and transportation expenses associated with global sourcing often outweigh the advantages of dispersed manufacturing sites. Recent legislation, such as the CHIPS Act, serve as incentives that make investing in the United States desirable.
Companies have to grapple with a myriad of factors, such as tax incentives and monetary grants, availability of land and buildings, competitive utility costs, logistical considerations, and access to suppliers and customers. Workforce considerations are one of the most crucial factors in determining the long-term growth prospects of a new location, whether to relocate or expand. Companies need to secure adequate staffing with the requisite skills and expertise to ensure the viability and profitability of new operations.

Workforce Analysis

Workforce analysis evaluates workforce demographics, skills, and capabilities to help you determine if the available workforce will align with your economic needs and goals.

The Most Significant Factors To Consider in Workforce Analysis:

Integrating workforce analysis into the site selection is essential for companies seeking sustainable growth and competitive advantage in today’s business landscape. Here are five of the most critical considerations in workforce analysis relevant to site selection:

Demographic Data

Aside from labor data by occupation provided by entities like the U.S. Bureau of Labor Statistics, understanding job types, standard titles, local occupation rates, and pay rates also aids in effective decision-making. Moreover, monitoring trends ensures alignment with future workforce needs, which is essential for sustained operational success.

Education Levels

Gathering data on high school graduation rates, college graduates, and the availability of specialized skills in target areas is crucial. The proximity of educational institutions to potential workforce sources and tracking long-term trends can help formulate future hiring strategies. Understanding the educational landscape ensures alignment with skill requirements and supports long-term hiring plans.

Educational Resources

Training opportunities offered at local institutions should also be considered. These training opportunities ensure alignment with a company’s operational needs. Collaborations with colleges and technical schools can help provide programs that meet specific skill demands in the long term. Some states also offer state-sponsored training, which can help mitigate costs and streamline labor development initiatives.

Regulatory Environment

Understanding state-specific labor laws and how to navigate enforcement agencies are essential in workforce analysis during site selection. Information on regulatory nuances helps prevent compliance issues and support seamless operations. Aside from preventing costly missteps due to legal variations, having solid knowledge of the regulatory environment ensures efficient operations.

Workforce Competition

Knowledge of potential competition for skilled labor is crucial. Monitoring local employment demands and planned industry expansions or closures informs strategic workforce planning. Understanding the competition for skilled labor helps support informed decision-making and long-term planning.

Other Site Selection Services

Webster Global Site Selectors provides comprehensive services to help companies maximize growth opportunities. Aside from site selection services, we also offer feasibility studies, workforce and logistical analysis, economic development consulting, and more:

Trust Webster Global Site Selectors for Workforce Analysis

Webster Global Site Selectors is your best option for navigating the complexities of the modern business landscape through our workforce analysis during site selection.
Contact us today to take the next step in realizing your business growth by navigating the challenges of workforce analysis, as well as other location-related issues.
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