Combine Data for Maximum Insights
WEMo, Lightcast's Workforce Estimation Model, helps you size labor markets globally by combining official government data with job posting trends, providing high/mid/low estimates by occupation along with confidence levels. Since there are inherent challenges to collecting and organizing labor market data on a global scale, Lightcast's WEMo solves for this by incorporating methodologies and taxonomies, such as the International Standard Classification of Occupations (ISCO), the Lightcast Occupation Taxonomy (LOT), and the Lightcast Administrative Areas (LAA), to provide accurate and comparable workforce estimates across regions.
What’s New in WEMo:
Japan Coverage — WEMo now includes Japan, bringing the total number of supported countries to 30. This addition enables you to benchmark the talent supply in Japan with the same level of detail and dependability you have in other regions, which is particularly useful for market expansion, workforce planning, and academic benchmarking.
Fresh Data — Fresh government labor data has been integrated across all covered markets.
Improved Accuracy — Methodological refinements have been added to further enhance the precision and reliability of workforce estimates.
Why WEMo is unique: The majority of the US workforce has an online social profile, but this isn't the case globally, which means that using online profiles alone is not enough to size global labor markets accurately. Lightcast's proprietary WEMo addresses this by incorporating official government data sources to get a comprehensive view of the total workforce. The model also uses the specificity of job posting data and its patterns to provide granular estimates.
Customers can access additional information on Lightcast's WEMo here.