“Statistics are like a bikini. What they reveal is suggestive, but what they conceal is vital.”
This Aaron Levenstein quote just happens to be taped to my desk, next to my list of outstanding labor market information requests. Knowing how much to pay your newest employee, which location is best for you to open your latest franchise, and which industries your sales teams should focus on, are all questions that can be vital to a business’ success. Statistical data can assist employers in not only, making tough decisions, but in helping them back up those decisions with concrete evidence. While many utilize the “information super highway” to find data, one has to ask, “Just how accurate are these statistics?” With a plethora of websites available to employers, data gathers are likely to stumble upon legitimate websites that offer demographics, salary surveys, and more for a fee. Some even claim to offer real-time labor market statistics. Unfortunately, these websites prey on those employers who are not aware of the resources available to businesses in the state of Texas.
Texas is known for having some of the best labor market statistics available and Workforce Solutions provides the most comprehensive and accurate data related to employment, business development, and local demographics at no cost to the employer. The Labor Market Career Information Department provides statistics and analyses on the dynamics of the Texas labor market. Workforce Solutions interprets this data and customizes it to meet the needs of our local employers. What does this mean to you?
We can provide you with the average, entry level, and experience level wages for occupations in the Gulf Coast Area. We can assist you in researching the local area demographics, including the income and educational level of residents in specific areas. We can also project the growth and decline of any industry. Better yet, we won’t leave you with charts, graphs, and numbers that you can’t translate, let Workforce Solutions show you how these figures can best be used in your business.
No one has more accurate data than the Labor Market Career Information Department for Texas Workforce Commission. Many companies who employers pay for this data are getting their information from the LMCI Department and providing employers with information that is already available to the public at no cost.
As a Senior Business Consultant, specializing in Labor Market Information, I often assist employers who are in need of the latest labor market statistics A.S.A.P and know what their management report should look like, but don’t know exactly what information they need. If this sounds like you, don’t hesitate to ask for assistance. Business Consultants can help provide you with the highest quality and most comprehensive labor market statistics available. We can then help your company figure out what these statistics reveal and conceal in relation to your needs.
Lisa Bogany is a Senior Business Consultant for Workforce Solutions in the Houston metropolitan area. She has over five years of experience in workforce development, primarily working with employers, and over 10 years experience in small business entrepreneurship.