Video: What is the EMSI Gap Analysis Report?

From EMSI’s very earliest days, the Economic Impact Study has been one of our foundational products. Now, the professional services team responsible for producing impact studies is proud to present the Gap Analysis Report, which is a great complement to the standard EIS as well as a powerful stand-alone report.

What is the Gap Analysis Report?

The standard EIS takes a comprehensive look at an institution’s entire impact, using EMSI’s unique data and model to provide the complete picture of the relationship between institution and economy. The Gap Analysis Report takes EMSI’s data and model in another direction. It zooms in on the specific workforce needs of the local economy, using a comprehensive set of data on both the economy and the institution itself to evaluate how the institution’s programs are (or aren’t) preparing workers with the specific skills that the region’s economy needs.

What makes this report special?

The  Gap Analysis Report considers all sides of the equation, including both supply and demand. What’s more, our unique method of eliminating double-counting overcomes the weaknesses of the government’s program-to-occupation (CIP to SOC) mapping. The Gap Analysis Report also takes into account graduates being supplied by other institutions, to show the most comprehensive picture of the labor market.

What data does it use?

The Gap Analysis Report is built primarily on data from the BLS and IPEDS. When necessary, we also request specific data from colleges.

To find out more about the Gap Analysis Report and how essential it is for educational institutions, we sat down with EMSI economist Brian Points for a quick interview.

EMSI Economist Brian Points Discusses The EMSI Gap Analysis Report from EMSI Video on Vimeo.

For more information about the consulting work EMSI offers, including the Gap Analysis Report and Economic Impact Study, contact Jeff Perley. Follow EMSI on Twitter @Desktopecon, too.