The Greater Springfield Chamber of Commerce said this week it has invested in software that easily provides critical workforce data and will offer this information to members and Quantum Growth Partnership (Q5) investors as a member benefit.
The Jobs EQ software is a nationally recognized technology platform that analyzes the capacity and capability of a region's workforce. This web-based system provides Q5 staff access to data and information on the local labor market. It could be useful when responding to information requests from businesses considering relocating to the area or to assist any local businesses considering expansion.
This software can identify the location of workers with particular skill sets, which can help businesses target recruiting efforts to specific areas. It also shows the average wage for a particular job in an area.
With the software, chamber staff can analyze how many employed or unemployed workers are available within specific regions. Providing this information quickly increases the chances of bringing new employers to Sangamon County.
The data is gathered by scientists, statisticians and economists, gathered from sources such as the Census, Bureau of Labor Statistics and the National Center for Education Statistics.
Ultimately, this software will help the community with business retention, expansion and attraction.