Comprehensive Skills Gap Study
“The economy of a successful city is based on a remarkable equilibrium between labor supply and demand: innovative companies (the labor demand) want to be there because they know they will find workers with the skills they need, and skilled workers (the labor supply) want to be there because they know they will find the jobs they are looking for.” From The New Geography of Jobs by Enrico Moretti
The Shoals Area Chamber of Commerce contracted with Horizon Point to provide a comprehensive skills gap analysis for the regional workforce area of which the Shoals is the hub. The project analyzed the past, present and future predictions of labor supply and demand at the macro and micro level for the purpose of making plans to further economic growth in Region 1 of Northwest Alabama.
A variety of data sources were utilized in order to paint the most complete picture of the labor supply and demand for this area. This included a custom employer survey developed specifically for this project, which was designed to qualify and quantify positions and skills needs now and in the future.
Horizon Point presented these findings in a written report as well as in two presentations to players involved in workforce development in the area.
Because the region now has this data, they are better positioned to make decisions about what training programs need to be expanded or added to meet industry needs. They are also better able to understand the quality of current programs and advocate for adjustments where needed. Most notably, they have responded to what their constituents need – data to determine a direction for workforce development going forward.
Chamber representatives had this to say about the services Horizon Point provided:
“Horizon Point provided excellent service and expertise in developing our custom skills gap analysis. Their work was professional and they even finished the project earlier than originally planned. They were a pleasure to work with and the presentations Mary Ila delivered were extremely informative and tailored toward the big picture, for our regional workforce council, and to the specific needs of the Shoals Chamber’s executive committee. We will certainly call on Horizon Point again in the future as the need arises for such information.”