Work Force Talent - Work Force Efficiency
Workforce Efficiency
66.9%
% of working Larimer residents who earn $3,333+ per month (2015)
45%
45%
Proportion of these workers who have Larimer based employers
3 of out 5
3 of out 5
Why do we track this? Having both a strong resident workforce and healthy levels of worker exchange with neighboring communities helps employers recruit and retain local talent. Having a very low workforce efficiency might suggest a mismatch between resident's skills and employer needs, or it could signal quality of life issues such as wages, cost of living and other reasons that prevent workers from living near their jobs. A very high efficiency might indicate a lack of job opportunity in neighboring counties or transportation difficulties that prevent worker exchange.
Why did we use this source? This is the most comprehensive public data source for examining the relationship between the areas in which workers live and where employers are located.
What are some limitations to this data source? This data doesn't necessarily represent commutes: some portion of workers may telecommute, work at a satellite location that doesn't have its own payroll identity, or have other work arrangements.
What are some limitations to this data source? This data doesn't necessarily represent commutes: some portion of workers may telecommute, work at a satellite location that doesn't have its own payroll identity, or have other work arrangements.
Data Source
- U.S. Census Bureau, Longitudinal Employer-Household Dynamics (LEHD) The Census OnTheMap Tool allows a user to interact with this data to dive into worker demographics and orgin-destination patterns.
Related Dashboard Measure
- Percent of Population with <30 Minute Commute (Quality of Life)