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© Copyright 1997 by the Wyoming Department of Employment, Research & Planning
Users | Some Uses |
Attorneys; Insurance Companies | To compute loss of earnings for legal proceedings, insurance payouts. |
Banks | In order to give out loans, finding out general occupational wages. |
Career Counselors; Colleges and Universities; Currently Employed; Employment Resource Centers; Individuals; Job Training & Assistance Centers; School Districts; Training Providers; Vocational Rehabilitation | To find out the prevailing wage for an occupation; employees can use the data to compare their firms' wage structure with the industry as a whole; to determine the local labor market conditions; potential training opportunities; using past data to help predict future wages, occupational and industrial shifts; assist job hunters in finding growth occupations that might suit them; evaluate, improve and eliminate training programs or plan new ones; assess and update the college curriculum based on current employer needs and projected trends; assist the unemployed in selecting employment; perform career path analysis, basic skill development, youth pre-employment and adult education; where to find the jobs; whether or not to obtain more training. |
Chambers of Commerce; Convention, Travel, Tourist Bureaus; Economic Development; Private Industry; Program Planners; Utility Companies | What a potential employer would have to pay to be competitive; as indicators of wage patterns throughout the state; what an occupation earns in an area or state; make decisions in labor/management negotiations; to evaluate employment trends in terms of business staffing needs; should a business open a new establishment, acquire new equipment, expand or downsize; labor availability; how the current workforce should be trained or retrained; analysis of labor market conditions; if forecasts of business activity justify increasing the workforce; where can additional workers be found; what is the impact of workers' current earnings on future government revenues; to determine the labor shortages or surpluses in each industry; data are useful in determining the potential for business growth and development; to improve recruitment methods. |
Libraries | As reference materials for public and private entities. |
Newspapers | To enhance news stories and inform readers about wages trends when writing about occupations. |
Real Estate | To determine what the economic situation is in a given area. |
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