Document Sample
Talent_Dashboard_Spreadsheet__Downloadable_374043_7 Powered By Docstoc
					                                                                                                                                                                                                                                                                                                                                          Talent Dashboard

        Category                          Measure                                 Measure Defined                                                      Why It Matters                                          Demographic Measured or alternative language   2003     2004        2005          2006            2007            2008             2009             2010         2011       Dec-10        Jan-11        Feb-11        Mar-11      Apr-11      May-11      Jun-11      Jul-11      Aug-11      Sep-11      Oct-11      Nov-11      Dec-11                   Data Source                                        Data Link                            Updated

                                                                                                                    Growth in payroll jobs is associated with positive outcomes such as increased income,
                                                                                                                      reduced unemployment, increased participation in the labor market and increased
                                                                                                                      consumer spending throughout the economy. Payroll jobs are defined as the total                                                                                                                                                                                                                                                                                                                                                       Department of Technology, Management
                                                                            Total number of payroll jobs in                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              http://milmi.org/cgi/dataanalysis/AreaSelection.asp
                                          Total Jobs                                                                number of persons on establishment payrolls employed full- or part-time in the private                        Michigan                                                   4,326,500      4,267,800       4,162,200         3,872,300          3,861,400                3,868,000    3,914,200      3,912,500     3,922,100   3,913,000   3,903,200   3,919,100   3,940,200   3,938,000   3,923,800   3,929,200   3,931,000   3,935,000     & Budget, Bureau of Labor Market                                                                     monthly            -
                                                                                      Michigan                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             ?tableName=Ces
                                                                                                                       and government sectors. It excludes proprietors, self-employed, unpaid family or                                                                                                                                                                                                                                                                                                                                                        Information & Strategic Initiatives
                                                                                                                      volunteer workers, farm workers, domestic workers and uniformed members of the
                                                                                                                                                        armed services.

 Attraction & Retention                                                  Average annual pay for all full- and       Growth in private sector wages over time can reflect several positive trends, such as                                                                                                                                                                                                                                                                                                                                                   Department of Technology, Management
                                  Average Private Sector Pay                                                                                                                                                                                                                                 $     41,964   $      43,160   $      43,888    $      42,848   $       43,576                                                                                                                                                                                                                              http://milmi.org/cgi/dataanalysis/AreaSelection.asp     annually in
                                                                        part-time Michigan workers employed         increased job creation in high-wage industries or a shift in occupational mix to high-                        Michigan                                                                                                                                                                                                                                                                                                                    & Budget, Bureau of Labor Market                                                                                        -
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         ?tableName=Industry                       March
                                                                               in private sector industries                                         wage occupations.                                                                                                                                                                                                                                                                                                                                                                                          Information & Strategic Initiatives

                                                                                                                                                                                                                                   All Ages                                                                     -78,431         -77,963          -88,883          -62,058

                                                                                                               Population migration in and out of the state is an indication of availability of talent, both
                                                                            Number of people moving into                                                                                                                                                                                                                                                                                                                                                                                                                                                    Department of Technology, Management
                                                                                                              present and future. Access to qualified individuals within the state provides sustainability                                                                                                                                                                                                                                                                                                                                                                                               http://www.michigan.gov/documents/cgi/cgi_censu           annually            -
                          Population Migration In and Out of Michigan   Michigan from another state or moving                                                                                                       Number of People Moving Into Michigan                                                       131,343         125,740          117,460          116,149                                                                                                                                                                                    & Budget, Center for Shared Solutions
                                                                                                                 for economic growth and is impacted by employment opportunities and the overall                                                                                                                                                                                                                                                                                                                                                                                                                 s_Mig_by_Age_0610_364015_7.pdf
                                                                          out of Michigan into another state                                                                                                                                                                                                                                                                                                                                                                                                                                                     and Technology Partnerships
                                                                                                                                                    quality of life.

                                                                                                                                                                                                                   Number of People Moving Out of Michigan                                                      209,774         203,703          206,343          178,207

                                                                                                                     Unemployment figures measure the number of people without jobs who are actively
                                    Percentage unemployed                                                            seeking work. These numbers also reflect the success of the economy in providing                                                                                                                                                                                                  Ses MiDashboard @                                                                                                                                     U.S. Department of Labor, Bureau of
                                                                                 Seasonally adjusted                                                                                                                          Michigan and U.S.                                                                                                                                               http://www.michigan.gov/midashboard                                                                                                                                                                                   http://www.bls.gov/lau/#data                   monthly
                                                                                                                       opportunities for Michigan residents to support themselves and their families.                                                                                                                                                                                                                                                                                                                                                                 Labor Statistics

                                                                                                                      Veterans return to the labor market from service with skills that are valuable to our
                                                                                                                                                                                                                                  Michigan                                         7.0%          6.0%            4.9%            8.0%            15.0%            15.9%                                                                                                                                                                                                                                                                                                              50
                                                                                                                    community and our economy, yet the rate of unemployment among veterans is higher
                                 Veteran Unemployment Rate                                                          than their civilian counterparts. Business and state government must work together to
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   U.S. Departmenbt of Labor                http://www.bls.gov/news.release/vet.t01.htm        annually in May
Employment Environment                                                                                             overcome this and better connect our talented veterans with employment opportunities.

                                                                                                                                                                                                                                    U.S.                                           4.0%          3.8%            3.8%            4.6%             8.1%             8.7%

                          Percentage of Michigan Workers Employed in
                                                                                                                   The focus here is to increase the percentage of Michigan's workforce employed in the
                              the Private Sector vs. Public Sector                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           Michigan Department of Technology,
                                                                                                                       private sector. An increased share of jobs in the private sector indicates greater
                                                                                                                                                                                                                                  Michigan                                                       84.6%          84.6%           84.4%            83.3%            83.5%                                                                                                                                                                                     Management & Budget, Bureau of Labor                          http://milmi.org/                    annually in April      -
                                                                                                                   efficiency in the public sector and greater effectiveness in supporting growth within the
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Market Information & Strategic Initiatives
                                                                                                                                                         private sector.

                                                                        Number of new corporations, limited
                                                                                                                   Growth in the number of new businesses is an indicator of the strength of the economy                                                             2003-2004   2004-2005   2005-2006      2006-2007       2007-2008         2008-2009          2009-2010    2010-2011
                                                                          liability companies, limited liability                                                                                                                                                                                                                                                                                                                                                                                                                                             Michigan Department of Licensing and           http://www.michigan.gov/lara/0,4601,7-154-           annually in
                                       New Businesses                                                               as well as entrepreneurship and innovation activity. New business startups increase                           Michigan                                                                                                                                                                                                                                                                                                                                                                                                                                            -
                                                                        partnerships and limited partnerships                                                                                                                                                                                                                                                                                                                                                                                                                                                         Regulatory Affairs                       35299_35413_40717-114905--,00.html                 January
                                                                                                                                 the health of the economy and opportunities for job growth.                                                                          64,721      69,102         65,598         63,814          62,251           59,937           62,013       63,531

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Bureau of Labor Statistics, Business
                                                                                                                                                                                                                                  Michigan                                                       65.3%          62.2%           61.2%            63.7%                                                                                                                                                                                                                                                    http://www.bls.gov/bdm/mi_age_total_table7.txt                              -
                                                                                                                     In measuring the strength and innovation of an economic climate, it is important to not                                                                                                                                                                                                                                                                                                                                                        Employment Dynamics
                                                                                                                    only track the number of new businesses established, but to also monitor the outcomes
                                                                          Second-year survival rate of new          of those new businesses. By tracking the two-year survival rate of new businesses, we                                                                                                                                                                                                                                                                                                                                                                                                                                                        annually in
                                 New Business Survival Rate
                                                                               corporate businesses                can better understand the performance of Michigan’s business climate and shed light on                                                                                                                                                                                                                                                                                                                                                                                                                                                        December
                                                                                                                    the behavior and contributions of new and young businesses compared with their older
                                                                                                                                           and more well-established counterparts.                                                                                                                                                                                                                                                                                                                                                                                                                       http://www.bls.gov/bdm/us_age_naics_00_table7.t
                                                                                                                                                                                                                                    U.S.                                                         66.1%          63.4%           62.4%            66.3%                                                                                                                                                                                                             Bureau of Labor Statistics

                                                                                                                   Increased patent numbers issued are an indication of innovation within the state. High
                                                                                                                   patent generation can be attributed to new product research and development and can                                                                                                                                                                                                                                                                                                                                                                                                   http://www.uspto.gov/web/offices/ac/ido/oeip/taf/cs
                                        Patents Issued                                                                                                                                                                            Michigan                                        3,665          4,179           3,695           3,584            3,516            4,277                                                                                                                                                                                       U.S. Patent and Trademark Office                                                                    annually           8
                                                                                                                                                  contribute to job growth.                                                                                                                                                                                                                                                                                                                                                                                                                                                   t_all.pdf

                                                                         Michigan residents employed full- or Access to telework – working off-site through a broadband connection – can improve an
                                                                                      part-time                organization's talent retention and recruitment by increasing flexibility for employees.                                                                                                                                                                                                                                                                                                                                                       Connectmi.org Business Technology
                            Michigan Adults Who Regularly Telework                                                                                                                                                                Michigan                                                                                                                         17%          19%                                                                                                                                                                                                                                  http://www.connectmi.org                      annually          n/a
                                                                        who regularly work from home through     This is one reason that high-speed broadband is such an essential component of                                                                                                                                                                                                                                                                                                                                                                      Assessment Report
                                                                               an Internet connection               Michigan's infrastructure, quality of life and success in the global economy.
                                                                                                                                                                                                                                                                                                                                    Talent Dashboard

       Category                           Measure                                 Measure Defined                                                      Why It Matters                                           Demographic Measured or alternative language   2003         2004        2005        2006        2007        2008          2009           2010        2011      Dec-10    Jan-11            Feb-11   Mar-11   Apr-11   May-11   Jun-11   Jul-11   Aug-11   Sep-11   Oct-11   Nov-11   Dec-11                          Data Source                                        Data Link                            Updated

                                                                                                                    In the new economy, states are competing for international talent to meet the growing
                                                                                                                   demand for knowledge workers. By increasing the number of legal permanent residents                                                                                                                                                                                                                                                                                                                                                              http://www.dhs.gov/files/statistics/publications/LPR
                         Persons Obtaining Legal Permanent Resident                                                                                                                                                               Michigan                                             23,591      20,907      18,727      17,947        18,919         18,579                                                                                                                                                           U.S. Department of Homeland Security                                                            annually in April      -
                                                                                                                    in our state, we ensure a competitive advantage for businesses, promoting economic                                                                                                                                                                                                                                                                                                                                                                                    10.shtm
                                                                                                                                                 growth and job creation.

                                                                                                              International students bring diversity and new perspectives to colleges and universities
Attraction & Retention
        Global                                                           The number of international students  in Michigan. They also introduce fellow students to global approaches and networks,
                                                                                                                                                                                                                                                                                                  2005-2006   2006-2007   2007-2008     2008-2009      2009-2010   2010-2011
                                                                            participating in undergraduate      which are essential competencies in today's economy. International students pursue                                                                                                                                                                                                                                                                                                                      Institute of International Education Open           http://www.iie.org/Research-and-                annually in
                          International Students Studying in Michigan                                                                                                                                                             Michigan                                                                                                                                                                                                                                                                                                                                                                                                      9
                                                                        and graduate educational programs in engineering fields at a high rate and are more likely to launch startup ventures following                                                                                                                                                                                                                                                                                                                                  Doors Data                     Publications/Open-Doors/Data/Fast-Facts             November
                                                                                                                                                                                                                                                                                                   20,827      21,143      22,857        23,617         24,214      24,668
                                                                                        Michigan                graduation, thus increasing our pool of potential entrepreneurs and technical talent.

                                                                               The number of Michigan                                                                                                                                                                                                                                                  2009-2010
                                                                        undergraduate and graduate students        Exposure to new cultures and surroundings through studying abroad provides personal                                                                                            2005-2006   2006-2007   2007-2008     2008-2009
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Institute of International Education Open   Publications/Open-Doors/Data/Fact-Sheets-by-US-         annually in
                             Michigan Students Studying Abroad                       participating                 and professional benefits to students. For Michigan's future talent base, this experience                      Michigan                                                                                                9,043          8,982                                                                                                                                                                                                                                                                                  -
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Doors Data                                         State                           November
                                                                         in educational programs outside the           will improve cultural awareness, capacity for innovation and career outcomes.                                                                                               8,293        9,250      9,580

                                                                          Number of students completing a              A robust pipeline of STEM talent is needed to fill future job openings. New and
                                                                                                                                                                                                                                                                          2003-2004   2004-2005   2005-2006   2006-2007   2007-2008     2008-2009                                                                                                                                                                       Department of Technology Management
                            Science, Technology, Engineering and               degree in a STEM field                  increasing opportunities in fields such as life sciences, information technology,
                                                                                                                                                                                                                                  Michigan                                                                                                                                                                                                                                                                               and Budget, Bureau of Labor Market                           http://milmi.org/                  annually in June       -
                               Mathematics (STEM) Graduates               at an accredited higher education         engineering, healthcare and advanced manufacturing require a deep pool of technical
                                                                                                                                                                                                                                                                           19,118      18,266      17,795      17,772      18,608        19,165                                                                                                                                                                            Information & Strategic Initiatives
                                                                                institution in Michigan                                                    expertise.

                                                                                                                     Apprenticeships provide employers with a pipeline of skilled workers with industry-
                                                                                                                    specific training and hands-on experience. They connect job seekers looking to learn                                                                                                                                                                                                                                                                                                                  U.S. Department of Labor, Office of                                                               annually in
                                    New Apprenticeships                                                                                                                                                                           Michigan                                                                      3,245      3,102          2,095          2,344       3,233                                                                                                                                                                                                      http://www.doleta.gov/oa/                                       -
                                                                                                                      new skills with employers needing qualified workers, resulting in a workforce with                                                                                                                                                                                                                                                                                                                           Apprenticeship                                                                            October
                                                                                                                                industry-driven training and employers with a competitive edge.

                                                                         Percentage of high school graduates
                                                                             completing a Career Technical                                                                                                                                                                                                                                                                                                                                                                                                                Michigan Department of Education,
                                                                               Education program placed                                                                                                                                                                                                                                                                                                                                                                                                                 Career and Technical Information System                                                             annually in
                           Career Technical Education Placement                                                        High school career training programs are a key initiative in preparing our future                          Michigan                                                         94.0%       94.2%       93.2%         93.5%          94.2%                                                                                                                                                                                                                  http://www.cteisreports.com/                                     -
                                                                        in continuing education, employment or                                                                                                                                                                                                                                                                                                                                                                                                                      Public Reports                                                                           October
                                                                                                                                    workforce with high-demand skills and experiences.
                                                                          the military nine months after leaving
                                                                                        high school

                                                                                                                     Mentorships transfer knowledge from one generation of talent to the next. They also
    Connections                                                                                                     strengthen networks between teenagers and adults, between first-time entrepreneurs
                                      Michigan Mentors                                                                                                                                                                                                                                                                                                                                  data coming soon                                                                                                                                                            http://www.michigan.gov/mentormichigan/0,4618,7-
                                                                                                                   and seasoned executives, and between career changers and those already in a chosen                             Michigan                                                                                                                                                                                                                                                                                                                                                                                       -              -
                                                                                                                   profession. Mentorships can inspire young people, support business success, facilitate
                                                                                                                            talent advancement, and help job seekers in transition find their way.

                                                                         The number of internships, co-ops,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         1) http://www.interninmichigan.com/ and
                                                                          and job shadowing opportunities
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       66+                                                                   2) http://www.hiremi.org/jobs and
                                                                         posted on InternInMichigan.com in         Internships allow Michigan businesses to connect and build relationships with students
                                 Internships Posted Monthly                                                                                                                                                                                                                                                                                                                                                                                                                                           370+    636+70+                                                    3) State of Michigan Internship Program
                                                                        October of 2011. Number of students         early in their academic careers and students to build hands-on experience to facilitate
                                                                                                                                                                                                                                  Michigan                                                                                                                                                                                                                                          434      268       20=       5=                 InternInMichigan                                                                         monthly            -
                                                                        completing at least one internship by       entry into a professional career. Increasing internship opportunities support Michigan's
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       456      711
                                                                        the conclusion of their junior year (or     goals to prepare our future talent pool and to retain college graduates within the state.
                                                                          equivalent) in college/community

                                                                                                                      The work participation rate measures the percentage of Temporary Assistance for
                                                                                                                     Needy Families (TANF) recipients regularly engaged in employment or other specific
                                                                         Percentage of Temporary Assistance             activities intended to help them secure employment and become self-sufficient.
                                                                         for Needy Families (TANF) recipients        Individuals and families deserve the opportunity to become financially independent.                                                                                                                                                                                                                                                                                                                 U.S Department of Health and Human
                              Welfare to Work Participation Rate                                                                                                                                                                  Michigan                        25.3%    24.5%       22.0%       21.6%       28.0%       33.6%         27.9%                                                                                                                                                                                                                                         particip.htm                          annually           -
                                                                          regularly engaged in employment or              Through the work participation program, which was designed to fulfill TANF                                                                                                                                                                                                                                                                                                                                 Services
                                                                                  seeking employment               requirements, Michigan continues to alleviate barriers to employment so that individuals
                                                                                                                   can find jobs, provide for themselves and their families, and become a permanent part of
                                                                                                                                                      Michigan's talent pool.

Shared By: