Professional, Scientific, and Technical Activities

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What the Data Says About the Professional, Scientific, and Technical Industry's Outlook

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Risk Factors

2.7

Labor Supply

3.6

Labor Demand

3.5

Unemployment Rate

3.6

Disruptive Skills

Methodology

Lightcast has conducted an in-depth analysis of 627 of Fortune 1000 companies across the globe to grade the threat that the shrinking labor force wil have across various industries. To note, the grades are not based upon anything that companies are doing wrong, but instead to demonstrate the external factors impacting the ability of industries to maintain a future-ready workforce in an Increasingly disruptive landscape.

Grading Definitions:

Workforce Readiness Outlook

Labor Supply Grade

The overall score for the top 15 (or fewer) markets. A high grade means that the markets have high volumes of workers, a low grade means that the markets have a comparatively low labor supply.

Demand Grade

Combination of the two scores for working age population and Fortune 1000 job postings and Key Competitor presence. A high grade means that, comparatively, the company is not in markets with a lot of other major consumers of talent.

Unemployment Rate Grade

The overall score for the top 15 (or fewer) markets. A high grade means that the markets have higher unemployment rates which will allow longer periods of hiring into the future without enormous pressure on wages. A low grade shows that the unemployment rate is already tight and cannot handle further hiring going forward.

Disruptive Skills

The balance of skills companies are exposed to that are both hard to tind and expensive to acquire. An imbalanced exposure means having either too many skills everyone wants to hire, or too lew skills that organizations will need to catch up to competitors tor.

Solving Professional, Scientific, and Technical Activities Workforce Management

Talent Analyst

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