About the Talent Alignment Strategy
Talent availability is the leading location factor for companies today, and Toledo's growing economy has translated into greater demand for workers in industries from technology to manufacturing to healthcare to hospitality. The most prosperous communities are those developing comprehensive and collaborative strategies to address talent development, reengagement, retention, and recruitment.
To meet these challenges, the Toledo Regional Chamber of Commerce initiated a Talent Alignment Strategy for the Toledo Region to ensure education and workforce development efforts are aligned with the needs of employers. The Strategy was created by the Council for Adult and Experiential Learning (CAEL) and Avalanche Consulting.
The approach involves two phases: A Workforce Supply & Demand Analysis followed by a Program Inventory & Alignment Strategy.
The Workforce Supply & Demand Analysis examined greater Toledo’s workforce supply and demand. It started by examining the workforce composition by occupations and skills – looking at current conditions and long-term demand trajectories. Next, the team compiled college graduate data by degree majors that the Toledo Region is collectively producing. The team compared the output of graduates to job openings, enabling identification and measurement of the extent of over- or under-supply of graduates for specific field, industries, and skills.
The Program Inventory & Alignment Strategy examined region-wide skills development assets at colleges and universities, as well as non-academic and community-based providers who address different industry needs. This component of the project delved deeper into how Toledo addresses particular specializations within its target industries, and how the providers ensure that the learners receive the guidance and support that maximizes engagement and success in the programs, and competitiveness in the target industries.