Socio-Economic and Industry Profiling Services
Why do a socio-economic and industry profile?
As part of our Procurement and Project Delivery Services, Infrastructure Skills Advisory can provide socio-economic and industry profiles to inform infrastructure project planning, industry capability and social impact strategies.
Our team uses innovative tools to help your team plan, procure and deliver wider socio-economic and industry outcomes.
A socio-economic and industry profile will help you:
- understand demographics and population trends for defined locations
- identify local industries and businesses
- locate transferable skills
- plan project requirements that are appropriate to location, demographics and local skills
- identify potential suppliers
- identify employment services and training providers for delivery programs
- understand local and national industry skills capability and capacity
- identify skills shortages and supply
- review industry workforce diversity – age, gender, underrepresented groups
- understand future industry job requirements
- determine workforce planning and development strategies
What information will I find in socio-economic and industry profiles?
A socio-economic and industry profile is a snapshot of a locality. It combines demographic information, such as age, ethnicity and levels of education, with data on the local economy and industries. It also provides an assessment of relevant industries locally and within a national context
The profile answers questions in relation to the population like:
- Is the local population growing, stable or decreasing?
- How many people have technical and trades qualifications?
- What are the main occupations of the local population?
The profile answers questions in relation to local and national industries like:
- Are they growing or shrinking?
- What is their presence in a particular locality?
- Are there people with the right skills to deliver projects?
- Is the workforce ageing?
- How diverse is the current workforce?
- What are the skills required in that industry?
How can socio-economic and industry profiling help me?
Build a strong business case with precise information about the location and potential socio-economic and industry benefits
Pick a project location that will deliver the best success for social and industry outcomes
Lower project risk and costs by understanding the availability of local suppliers that can supply products and services
Develop a fit-for-purpose procurement strategy that reflects the industry and population needs of your delivery location
Be a successful tenderer in a bid back to tenderers where fit-for-purpose responses to tender criteria are supported by up-to-date data
Reduce project delays by understanding the availability of skills in project location and preparing a workforce strategy
Meet legislative requirements by meeting employment and diversity and inclusion requirements for underrepresented groups such as women in non-traditional trades, Aboriginal people, people with a disability, etc
Find the right skills to deliver your project
Develop industry capacity and capability by supporting and developing training programs that address skills shortages
Deliver diversity and inclusion, Aboriginal participation, training and supply chain outcomes
Infrastructure Skills Advisory has used socio-economic and industry profiles to deliver better social outcomes for infrastructure projects. Examples:
- Regional Rail Jobs, Skills and Industry Participation (JSIP): profiling of different locations in regional NSW informed the selection of Dubbo for a train maintenance facility which will provide about 200 jobs during peak construction and about 50 ongoing jobs when it is operational, developing the skills of local businesses and people
- Sydney Metro North West and City & South West: profiling informed the Workforce Development and Industry Participation Strategy, and development of government-led delivery programs providing local employment, workforce up-skilling for critical skills shortages, apprenticeships and workforce diversity
- WestConnex 3B Rozelle Interchange: profiling of Sydney Local Government Areas supported the development of an Aboriginal Participation in Construction Plan, including the establishment of an Aboriginal Future Talent Program in Engineering
Learn more about socio-economic and industry profiles to support your project, or discuss the potential benefits of this approach for your project, by getting in touch with the team