HELPING AMERICA’S TOP EDUCATIONAL INSTITUTIONS, EMPLOYERS AND WORKFORCE BOARDS CREATE EFFICIENT JOB MARKETS
EMPLOYERS
WORKFORCE BOARDS
COUNTY ECONOMY
JOB SEEKERS
10150 Highland Manor LA. TAMPA, FL 33610 Phone: (813) 838-2210 Rmeier@jobmarketexpert.com www.JOBMARKETEXPERTs.ORG
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LEVERAGING TECHNOLOGY TO CREATE A STRONG JOB MARKET
.. .. .. . Job Market Experts Creating job market efficiency by helping move jobless into full employment quickly.
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Fastrack program roll-out
FASTRACK JOB TECHNOLOGY
Career tools that help employers and job seekers
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connect faster and more
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effectively while adding $15-20 mil. to local economies per 1,000 jobless helped.
Tampa, FL. 33610
(813) 838-2210
ww.w.jobmarketexperTS.org
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INEFFICIENT JOB MARKETS FACT Today’s average job search is 37 weeks,
60% longer (up from 24 weeks) when the recession ended in 2009. - DOL 2013 Table A-12
37 WEEK JOB SEARCH The average search for all American jobless
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Fastrack Jobs SKILLS Broker Program
Since 1948, 24-weeks had been the longest in DOL tracking history. Wall Street Journal
Counties lose $20 million per 1,000 jobless who take over eight weeks to find work (lost salaries and tax receipts).
Tampa, FL. 33610
(813) 838-2210
ww.w.jobmarketexperTs.org
The U.S. has 3.9 milllion job openings, why do job searches take 37 weeks? 2014 DOL’s JOLTS REPORT
What Happened?
Due to the lingering effects of the last recession, employers are now “gun-shy” and only want candidates who minimize their risk of making bad hires.
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What’s needed?
Fastrack Jobs SKILLS Broker Program
Job search career tools that create “Top Candidates”
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Career Knowledge Center
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These tools shorten job searches to under 10 weeks & create “Top Candidates” employers will hire quickly.
Tampa, FL. 33610
(813) 838-2210
ww.w.jobmarketexperTs.org
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Job market technology that connects employers and job seekers in under 10 weeks.
FASTRACK BENEFITS
Fastrack program roll-out
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Fortune 500 caliber grooming creates “Top 2% Candidates”. Reduce job hunts from current 37 weeks (BLS) to under 10 weeks. FasTrack enables jobless to quickly connect to employer job openings.
- PROGRAM IMPACTS -
FASTRACK CAREER KNOWLEDGE LIBRARY The Virtual Career Knowledge Library gives job seekers online tools to “prep” themselves, thus, career center or workforce staff won’t start at step-one for each customer who walks through the door. SERVING LOCAL EMPLOYERS The career tools teach job seekers how to prove their personal value and match their ability to the employer’s need. When employers can quickly find “Best-Fit” talent, job markets run more efficiently and the stimulus to an economy is worth billions of dollars.
Tampa, FL. 33610
(813) 838-2210
ww.w.jobmarketexperTS.org
THE FASTRACK JOB TOOL-KIT No new staff, weekend hours or lunch breaks needed. 100’s of Templates
Talent Detector Interview e-Tools Online Job Coach Job Mapping
Tools In One Place
Salary Negotiations Managing Barriers Webinars
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EFFICIENCY CREATES FAIR JOB MARKETS 1
All jobless have access to the online tools.
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Jobless groomed at a high quality for employers.
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Employers find “Best-Fit” job seekers faster.
Fastrack program roll-out
FIRST-EVER JOB TOOLS Talent Evaluator Identifies marketable skills & achievements to build a resume that attracts employers.
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Career Mapping A job transition tool that maps job seekers through the search process and past employment barriers.
Resume Grader
Determines a job seeker’s resume performance score on the job market & uncovers weaknesses to be strengthened.
Interview Scripting
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A tool that helps jobless build their career “pitch” for the interview.
Tampa, FL. 33610
Step-by-step job prep simplifies the job hunt and smart tools groom jobless to impress company recruiters.
(813) 838-2210
ww.w.jobmarketexperTS.org
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JOB MARKET TECHNOLOGY BENEFITS ALL JOB SEEKERS
JOB SEEKER ACCESS 24 hours a day 7 Days a week 365 Days a year
Fastrack Jobs SKILLS Broker Program
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ECONOMIC BENEFITS INCLUDE JOB SEEKERS FASTER TO WORK 10-week or less target goal rather than today’s 37-week average.
IMPROVED EMPLOYER JOB MATCHING Filled job orders increase from an average of 50% to over 90%. JOB MARKET EFFICIENCY
When jobless use technology, staff have more time for difficult cases.
COUNTY ECONOMIC STIMULUS $20 mil per 1,000 jobless is gained from salaries by simply cutting a job search in half.
Tampa, FL. 33610
(813) 838-2210
ww.w.jobmarketexperTs.org
SOLVING THE EMPLOYER DILEMMA
FACT
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Employers waste time rejecting 98% of job seekers on paper and another 80% of those they interview.
Inefficient job markets don’t help employers pinpoint the best available candidate, so many job openings expire without hires.
Fastrack program roll-out
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Defining A Perfect Job Market When all job seekers have fair opportunity to find full employment quickly and employers find “Best-Fit� candidates for their job openings. I need a job
I need staff
1-to-1 Job Matching
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When job seekers display 100% of their potential clearly, companies hire the right person no matter how large or diverse a candidate pool.
Tampa, FL. 33610
(813) 838-2210
ww.w.jobmarketexperTS.org
Job Market Experts 1991-2000
200
Job Mar
We help educational institutions, l employers and governmental agenc unemployment. The firm’s mission is matching employer needs to the best
20+ Year History
00-2005
Fastrack program roll-out
2009-Present
rket Experts
local county workforce boards, national cies solve problems that cause long term s to make job markets more efficient at t job seeker talent available. Tampa, FL. 33610
(813) 838-2210
ww.w.jobmarketexperTS.org
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FasTrack Roll-Out Overview
BUILD-OUT
INTE
Stand Alone Fully Functioning
5 I O
PHASE 1
P
Build and implement all elements & validate program efficacy.
Fastrack Jobs SKILLS Broker Program
EGRATION
REFINEMENT
500% Into Local Operations
Tune Into A Model Program
200%
PHASE 2
PHASE 3 ROI Minimum - $57 Mil. ($19 Mil. x 3 years). Employer & job seeker statistics validate results. Improve program performance.
Integrate program into systems. Program training for staff.
Tampa, FL. 33610
(813) 838-2210
ww.w.jobmarketexperTs.org
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TARGET GOALS & ROI
(ADU) Average Duration of Unemployment
Year 2
Year 1 Reduce ADU
Reduce ADU
R
25%
33%
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} } 3,000 ROI: $19.5 Mil. } 5,000
1,000 Jobless ROI: $6.5 Mil.
Low Traffic Med. Traffic
ROI: $32.5 Mil.
Target Traffic
} } 6,000 ROI: $51.48 Mil. } 10,000
1,000 Jobless ROI: $19.5 Mil.
ROI: $85.5 Mil.
ROI EXAMPLE Our year 1 conservative target is shortening joblessness for 5,000 users worth $32 million to the economy. Formula 1,000 Jobless x 1,440 Hours x $18/hour (U.S. average salary is $24/hour)
Low Traffic
1,000 1,000 ROI:
Med. Traffic
9 ROI:
Target Traffic
1 ROI:
Fastrack program roll-out
The nation’s largest suite of job seeker career tools.
Year 3
Reduce ADU
50% 50%
More job search tools than Monster and Career Builder give their users combined.
} } 9,000 : $117 Mil. } 15,000
00Students Jobless : $39 Mil.
Low Traffic Med. Traffic
: $195 Mil.
Target Traffic
PROGRAM VALIDATION
Since 1990, we’ve used FasTrack Job Tools on 5,000+ individual job transitions, dozens of Fortune 500 outplacement projects and on academic, military and workforce initiatives. Our performance outcomes historically shorten jobless duration by 75%.
Tampa, FL. 33610
(813) 838-2210
ww.w.jobmarketexperTS.org
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TARGET GOALS & ROI EMPLOYERS POST MORE JOBS* 200% 28%
200%
150%
100%
100% 50%
50%
Phase 1
Phase 2
Phase 3
* Once WIBs or School Career Centers show hiring companies they’re creating “Top Candidate” profiles, more employers will trust the WIB/ School Career Center as a primary place to source new hires.
EMPLOYERS FIND “TOP CANDIDATES” FASTER 25% Faster
25%
Phase 1
33% Faster
50%
Phase 2
50% 75% Faster
Phase 3
JOB MARKET EXPERTS Phone: (813) 838-2210 Rmeier@jobmarketexpert.com www.JOBMARKETEXPERTS.ORG
ADVANCED
MARKET
JOB
SOLUTIONS