Measuring Middle-Skills Gaps within the Finger Lakes Regional Economy

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■ Occupational groups and related completions are not mutually exclusive since many programs train graduates for a variety of occupations, and many skills are transferrable to additional occupations beyond the scope of this study. ■ The Real-Time Labor Market Information in this report is based on online job postings. Some fields are more prone to use traditional recruiting methods, in which case their demand for middle-skills workers will not be fully represented by this report. GRAPHS Top Skills and Top Skill Cluster data are derived from an occupational cluster jobs query in Labor/Insight based on the April 2011 to April 2014 timeframe. DIRECT EFFECT Income generated as MCC alumni employers purchase goods and services from other local companies. INDIRECT EFFECT Income generated as companies within the supply chain of companies that employ MCC alumni purchase goods and services from yet another

known as the household spending effect. INITIAL EFFECT Income generated by wages paid to MCC alumni by employers. MULTIPLIER EFFECT Additional income created in the economy as MCC alumni employers spend money in the region. It consists of the income created by the supply chain of the industries initially affected by the spending of businesses (i.e., the direct effect), income created by the supply chain of the initial supply chain (i.e., the indirect effect), and the income created by the increased spending of the household sector (i.e., the induced effect).

GAP ANALYSIS This measurement allows MCC to make informed estimates regarding the deficit or surplus of workers across the region for a given occupational group by comparing the number of trained program completers against the estimated annual demand. Formula: Total Annual Completions – Estimated Annual Job Openings = Estimated Gap Source(s): Completions are derived from IPEDS and MCC’s Banner student data system; 2013 workforce figures were derived from Analyst, Regional Skill Gap Survey; RTMA Precision Machining Survey. CROSSWALKS Are based on input provided by O*NET’s CIP-to- SOC crosswalk, program-related MCC faculty and regional industry partners. OCCUPATIONAL GROUP HOURLY WAGES This is an aggregate curve of the weighted group averages for each hourly wage percentile level. ASSUMPTIONS AND LIMITATIONS ■ All SOC listed at the eight-digit level are based on six-digit level data. ■ Since this report was compiled using big data systems integrating over 90 (Traditional Labor Market Information by Analyst) and 27,000 (Real-Time Labor Market Information by Labor Insight/Jobs) data sources, some variance may exist when comparing reported figures to a single data point.

round of local companies. INDUCED EFFECT

Income generated as workers supported at all stages of the supply chain spend their money supporting other local businesses; this is also