LABOR MARKET  

Due to intensely competitive labor markets, WDG Consulting is frequently asked to conduct focused studies to assess human resource dynamics in existing or new locations. Resolution to the following types of challenges is a frequent product of our efforts.

	How competitive are we in the local market? Compensation Benefit programs Turnover Human resource practices Recruiting methods Reputation as “employer-of-choice”
	What could we do to enhance our ability to recruit/retain qualified labor?
	What are the optimal selection criteria for new hires?
	If turnover is a serious problem, what mitigation steps should be adopted?
	How large could we grow in a certain labor market? Theoretical maximum Over what timeframe At what cost At what turnover level
	Does it make sense to either cap and/or migrate headcount from an existing location?
	Are there new (greenfield) locations where our labor market objectives could likely be achieved and sustained?
	Which of these locations offers the best labor market opportunities for our next facility?
	In the new labor market, what can we anticipate? Starting wage Progression in range Time to reach midpoint Time to reach maximum Impact of major labor market competitors (supply/cost) Near future Longer range Supply of quality workers Total applicant flow Percent of applicants Minimally qualified Well qualified Ability to relocate technical/managerial talent Regionally Nationally Appeal of the job/company for high-tech/new economy workers Measures necessary to attract/keep high-tech/new economy workers Workforce quality Basic skills Work ethic Productivity PC literary Turnover Absenteeism Unionization Current status Activity Steps to maintain favorable posture Training/educational resources University Post secondary vo-tech Sites/buildings whose geographic orientation provide a recruiting advantage by being closer to prime labor pools Career advancement Internal work environment On-site amenities offered by the best companies employing similar workers Level of civic involvement/corporate giving among companies viewed as the most desirable places to work Most effective recruiting methods/sources

908-864-5580