Lightcast released a new report to help our clients understand career pathways. See feeder and next-step jobs, salary differences between job transitions, and the necessary skills needed to move from one job to the next.
Analyst - Canada
Added Employers Competing Metric to Job Postings Analytics
The Job Posting Competition/Analytics summary packet at the top of the report now includes the total number of employers that are advertising for the specific role defined in the search parameters and are therefore competing for the same talent. This is contrasted to the total number of employers that are hiring generally within the region. Now instead of forcing users to go to Job Postings Table or Occupation Snapshot/Overview to find the competition data point, it’s right at the top of the report, ready for users to analyze and benchmark against.
Updated Internship Filter in Posting Reports
We updated the internship filter in all of our posting reports for better control and clarity.
Previously users could filter postings by “Exclude Internships” or “Only Internships” with an intern checkbox. This was confusing for many users because there was no option to include internships, which was the default option for the other reports, such as the Occupation Overview. Now all the posting reports have the additional option and default setting to “Include Internships”, which aligns with the other reports across Analyst.
Suggested Similar LOT Occupations
Now when you enter a LOT occupation into a search input, Lightcast will suggest similar occupations for you to add to your search!
Occupations are considered similar to one another using a model that intakes job postings data over the past quarter and analyzes the overlapping skills between occupations. Because the analysis is done at the skill level, similarity is only available at lower the occupation levels: Occupations (LOT) and Specialized Occupations (LOT). The similar occupation results are based on the first occupation in your search input, not the subsequent occupations.
Not only can this help you choose the right occupation, it also can help you find a more wholistic picture of the labor market. A person’s set of skills can usually be applied in more than one occupation. And so, including occupations with similar skill sets in your search can help you gain more insight on the potential supply or hidden demand.
Addition of Specialized Occupations (LOT)
Specialized Occupations is an extra level of search granularity in the Lightcast Occupation Taxonomy (LOT) and is now available for all Canadian posting reports. The Specialized Occupations identify roles that are the same, across employers and geographies, regardless of job title.
More Granularity in Job Posting Report Timeframes
Available now in all of our job posting reports, you can run reports for much more specific date ranges! This will allow you to see how job postings and trends in job posting data are changing much more in real-time.
GOT is now Lightcast Occupation Taxonomy (LOT)
We officially changed the name of our Global Occupation Taxonomy (GOT) to Lightcast Occupation Taxonomy (LOT).
LOT is a proprietary taxonomy composed of 4 different levels (Career Area, Occupation Group, Occupation, Specialized Occupation). This taxonomy has a 1-1 relationship between levels, allows users to start broadly and then get to a level far more granular than O*NET and SOC, and is also updated at least annually. The frequency with which this taxonomy is updated makes it especially useful for identifying emerging roles and occupations.
Job Posting Analytics Now Shows Minimum Education for Job Postings
In Profile Analytics you can now see what is the minimum education level needed for job postings.
Addition of Skill Categories and Subcategories to Analyst!
We have added skill categories and subcategories to Analyst.
Now instead of having to search through individual skills you can just pick a broad category like “Science and Research” and search all skills associated or use a subcategory and get more detailed and search all skills associated with “Data Analysis.”
Skill categories and subcategories are available in the initial menu of our job postings reports and can be visualized in our Report Builder. We will be adding the ability to browse and search the skill categories and subcategories as well as improvements to how they are visualized and displayed in our reports.
