Labour Market Research
Labour market research is essential when assisting clients to transition into a new employment career. The purpose of labour market research is to provide evidence to support a client’s new employment direction. Finding evidence that confirms there are positions vacant or a strong job outlook can allow insurers and workers alike to invest both money and time in retraining (study and on the job training).
Typically Advantage Injury Management Services will provide labour market research as a component of a vocational assessment, however this research can be requested and provided on it’s own.
What does labour market research include?
- Evidence based on the client’s residence and travel ideals.
- Number of jobs currently being advertised for the employment position.
- Whether qualifications are required to enter the employment position.
- Physical and cognitive attributes required to complete the role.
- Documentation regarding the employment positions outlook over the future 5 years. In other words, is the role likely to be in demand now and in the future.
- Nature of the work, whether it is likely to be full time, part time or casual.
- Average wages and conditions of the employment position.
By gathering extensive labour market research on a desired employment position, Advantage Injury Management Services can ensure that all the hard work of career transition and redeployment succeeds in obtaining employment for the client.
What are the benefits of using labour market research?
The benefits of investing in labour market research when considering redeployment include:
- Being aware of future potential earnings.
- Find out jobs that are currently in shortage or in demand.
- Gain clear guidelines regarding required qualifications and study requirements.
- Match the physical and cognitive demands of the job to a clients transferable skills and injury history.
- Be aware of market trends.
- Gain knowledge of industries recruiting the position.
- Clarify that positions are available in the client’s location.
- Remove guess work – make an evidence-based decision about your new career!
When to request labour market research?
- Vocational assessment
- Gain support for investment in training
- Assist with career counselling and career clarification
- To support job search training
- Medico legal assessment
- Document future economic earnings
If you would like more information or to make a labour market research referral, simply contact us.