Labor Market Analytics
By analysing millions of macro-economic data we answer your labor market related questions.
Industry:
Automotive
Revenue 2017:
798 € million
Employees in 2017:
7000
Received service/product:
Location Decision
Faced challenges
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In an increasingly globalized labormarket, location decisions must be based not only purely on logistic and financial basis, but also considering the availability of skilled labor.
In order to quantify the selection of new locations, IAV was looking for a partner to provide facts and figures to support the board with a quantified decision-making basis for the site selection for a strategic software initiative. The challenge of the project was to provide suitable data story to the client and achieve transparency and understanding of the results.
„HR Forecast‘s analysis enabled us to make a well-informed decision which countries to focus on for our strategic software initiative. The analysis was insightful and well presented, and we later found the main findings to match the actual circumstances in the countries.”
—
Andreas Michalovcik, Project Manager Corporate & Business Development, IAV GmbH
Questions to be clarified
- Is there an access to a highly-qualified, high-performing, productive and well-educated workforce?
- What is the labormarket demand situation in the analyzed location? Which competitors are active on the market?
- What is the labor market supply situation? Which labor costs (e.g. salaries, taxes, office rental etc.) will occur in the selected locations?
- What are the key economic, political and societal factors that characterize a location (pro’s / con’s, limitations, etc.)?
Project Approach
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/ 1 Research
Based on a pre-defined shortlist of countries and locations, the information about supply, demand, costs as well as business environment was gathered from the macroeconomic data
and HRForecast database.
/ 2 Structuring of Information
The information from internal and external sources was structured and cross-checked for further analysis.
/ 3 Data Analytics
We analyzed the data from various perspectives applying analytical tools. That way, generating in-depth insights into the current labor market situation in different locations was possible.
/ 4 Results & Insights
Based on the analysis we provided a detailed visualization and explanation of the results towards decision makers. This gave the client the opportunity to make a better, fact-based decision for a new location.
Key Insights & Value-Adds for the Client
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The client received…
…valuable information for the decision on where to establish a new business location.
The client received…
acumen about the labor market situation, including insights into labor costs and information on the labor supply and quality
The client gained…
… transparency on competitors and automotive companies which are already operating in relevant locations.
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Our global data pool enables smarter location decisions and unveils hidden hot-spots. We provide insights on supply, demand, costs and more.
