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Plan <br />DESCRIBE THE PROCESS TO ENSURE LABOR MARKET RELEVANCE Credentials should be responsive to <br />current labor market trends and industry identified skills gaps. Processes to ensure labor market relevance of credentials in <br />subsequent years as labor markets change will include, but not be limited to: <br />• Labor market analytics: through real time EDD LMI data, OC Workforce Indicators Report, OC Indicators Report, <br />Chapman University Annual Economic Forecast, <br />• Employment: data tracking gainful employment connected to credentials <br />• On -going evaluation and vetting of credential programs by industry partners and stakeholders <br />DeOarafion: Credentials offered should be meaningful with actual value in the current labor market, portable and <br />transferrable, and connected to a job or an educational /career pathway. Industry- valued credentials have the following <br />characteristics: <br />• Valued and demanded by businesses <br />• Portable — skills learned are transferable and provide broad opportunities <br />• Stackabie — skills learned may lead to opportunities for continuous or advanced training and education <br />• Lead to higher wages, career advancement, and /or increased job security <br />Regional Coal / Objective: Improve access and quality of credentials by developing and offering in- demand training <br />Strategy: Ongoing business engagement in the credential review and development process, ongoing evaluation and <br />analysis of labor market trends. <br />State Plan Alignment: Foster demand driven skills responsive to industry need and relevant to current labor markets, <br />To ensure that Industry is actively involved in the education and certification process, a series of focus groups were held in <br />specific industry segments to gather feedback on demand for industry- valued credentials and how industry should be involved <br />in the credentialing process. An online survey is under development in order to broaden the scope of industry feedback <br />and involvement. More than 20,000 businesses will be asked to participate to help refine the list of industry- valued credentials <br />and also to get information on industry segments to be aware of. The results of the LMID, industry feedback and other <br />stakeholder participation will be shared with a coalition of partners that Includes: California Department of Education, local <br />boards, community colleges in the OC Region, Orange County Business Council, and the AEBG Consortia. <br />Regional partners, including industry leaders, are committed to evaluating and determining that relevant credentials are <br />industry valued through: <br />• Business feedback: OC Network meetings and workgroups, CTE advisory board meetings, Chambers of Commerce, <br />Orange County Business Council, Local Boards, and Industry forums <br />• Employment: data tracking gainful employment connected to credentials <br />Declaration: Industry led discussions and feedback will guide labor market supported coordination and vetting of <br />credentials offered in the region. This vetting process will confirm if credentials are: relevant to industries with high demand, in <br />a sector characterized by quality jobs or pathways to them, tied to groups of firms and informed by a region's best businesses, <br />connected directly to jobs or to next steps in an education and /or career pathway, and are accessible and meaningful to a <br />wide range of small and medium businesses in the OC Region. <br />Regional Goa11Objective: Targeted meaningful business /industry engagement to identify and determine industry skills <br />gaps and needs to be incorporated into Industry relevant and demand driven programs and pathways. <br />Strategy: Coordination between industry/business, education, and workforce to meet business and industry needs; support <br />collaborations to leverage and braid CTE and workforce funding streams to build capacity to meet regional needs. <br />State Plan Alignment: Foster demand driven skills attainment that is industry validated and proven to help people get <br />good jobs and help businesses find skilled workers, <br />Page 20 <br />19D -35 <br />