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Labor Market Forecasting Methods

Labor forecasting is important to help ensure companies have the right talent at the right time and place. In the past, people were seen simply as a head count to fill cogs in a production system. In today's world, talent needs may be complex and come with various skills and abilities. Having a method of understanding and procuring those human capital assets is beneficial. I generally look at the mid to long-term market, current needs, internal resource supply, and the strategy of an organization to determine how to hire in preparation of likely change. In any strategic plan, there should be some planning on the type of skills employers need to fill current and future positions.   Putting Forecasting in Focus This is an actual study on demand forecasting.  A Human Resource Demand Forecasting Method Based on Improved BP Algorithm If you have a little free time you can consider reading this article by U.S. Bank on the current labor market. The effect of the job market on the economy
Recent posts

The Digital Economy Begins to Find a Homeostasis In the U.S.

It appears from a few economists and news outlets that the economy is moving into a homeostasis. Read this article and think about the mixed data but also the trends of normalization. Finding a new normal in economic development means we can better manage that economy. Adding new benchmarks and increased big data metrics also leads to stronger economic development through understanding and fine tuning long tail choices that can lead to higher stable economic performance ( Geopolitical issues fall into a different basket and predictive method. )  11 charts that show how covid changed the U.S. economy   The articles below discuss change in the economy as changing of patterns as seen from the many micro transactions and choices that make up an economy and a people. When market disruptions occur at a time there are digital growth and other changes there is an adaptation that occurs.  Economy Evolutionary Change Post Covid If those adaptations, as based in internal and external pressures, c

A Universal vs. Non-Universal Justice System

Justice is an important concept in our society and when systems are not universalized they do cause problems and break social norms and contracts of fair treatment. As a nation we need to ensure that institutions function at their highest level possible and do so within the confines of our social contracts and values systems. Trust comes from consistently doing the right thing and when that doesn't happen it creates lower trust. Responsible authorities always look toward improvement where failures are repeated. Let us explore an example of universal versus a bias system... First let us say that the science does indicate that some bias often exists but the extent is in debate. Politics has become more important than our central value systems as a people so we see practical matters turn into political matters that creates chaos for others. We see that in our nation now with hyper politics lacking the ability to solve important societal problems and incorrectly framing behaviors. One

Hypothetical Feather Party Encourages Critical Thinking During Election Season

The Hypothetical Party encourages all voting citizens of the United States to use critical thinking and wisdom when casting their vote during this year's election. There is no advocacy for or against any party. We believe that if each person takes a moment to truly vote their conscious that the nation as a whole will become stronger. Democracy seeks to collectively understand the needs of millions of individuals. A few minutes of critical and cross evaluation can lead to greater insight, choices, and outcomes.  Two descent articles on Critical Thinking.... What is Critical Thinking? Predicting Everyday Critical Thinking: A Review of Critical Thinking Assessments ( We don't agree with or disagree with the research/articles but that they provide a perspective of critical thinking .) Vote for any party or person you wish. Republican, Democrat or other! Just make sure you took a few minutes to check in with your personal beliefs and values so as not to be swept up by unexamined soc

Death Threats and Politics: Not the way to go!

Sending threating emails is not what people should do when they are frustrated. We have a democratic election process in place and people must use that appropriately. I would agree that the person who sent this should be investigated and if warranted brought up on charges. This is where police can do a lot of good for the community.  I encourage people to take a chill pill and relax. No one should step outside that political process because it provides guidance passed down through the years as how to handle disagreement. Open dialogue and discussion makes the biggest difference in outcomes. We are all in this boat together. Its likely to be a mental health issue but we will have to wait to see the outcomes. It seems childish but also in the crazy world we live in, worth investigating. We as a nation should be getting tired of political threats. No matter who, the political perspective, or the issue. 

Firefighter Motivation: The Psychology of Firefighting

When thinking of applied psychology we may often think of business but it applies equally to public service as well. By understanding the traits that leads to certain strengths, it is important for helping future firefighter departments.  The Psychology of Firefighting delves into the nature of firefighting in modern America. Conscientiousness and Openness to Experience was related to firefighter psychological skills use.  You may donate to Michigan Fire Museum.

The Benefits of a Universal Justice System: Developing a Nation's Human Capital and Business Capacity

When we think of human capital and business capacity we often envision the hard aspects of business science and strategic management. Most of business and economic success is not in the cold hard sciences but in the soft way in which we treat each other. When we treat some different when compared to others, we are unlikely to maximize our human capital. Serious people and leaders think beyond their group to the possibilities of what could be and into supporting what we should be. They used to call this visionary leadership and loyalty to a higher national purpose. Two studies that are not necessarily conclusive but sort of just highlight some points..... The study discusses how human capital has an influence on economic development.  Revisiting the human capital–economic growth nexus in Africa Another study indicates how disparity in the labor market limits economic opportunities for some people. Disparity in the Human Capital Market. Two examples that sort of highlight the problem on