Skills & Competencies for Economics Analyst I

Economics Analyst I job profile

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JOB SUMMARY for Economics Analyst I

Conducts research and analysis on economic data/trends and produces forecasts, interpretive reporting, and media used for risk assessment, communication, and decision making.

JOB RESPONSIBILITIES for Economics Analyst I

Collects economic data from established datasets and other sources utilizing data collection and data science protocols. Utilizes statistical analysis, mathematical methodologies, and modeling techniques to develop data. Designs and organizes data into unique report models and graphical illustrations to present economic information used for decision making and solution development.

Economics Analyst I SALARY RANGE

BASE 50%
$94,874
TOTAL 50%
$99,777
Job Level
P02
Job Code
FA06000947
Education/Degree
Bachelor's Degree
Reports To
Manager or Head of a Unit/Department

Economics Analyst I Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Economics Analyst I skill and competencie below to view definitions.
JOB FAMILY COMPETENCIES CORE COMPETENCIES
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11 general skills or competencies (Job family competencies) for Economics Analyst I

1 Job Family Competencies – Business Architecture
Proficiency Level -1
Skill definition-Designing and implementing business strategies, goals, and objectives to deliver end-to-end business value.
Level 1 Behaviors
(General Familiarity)
Discusses value chains and process flows for business architecture.
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Level 2 Behaviors
(Light Experience)
Conducts gap analyses to identify business process architecture issues.
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Level 3 Behaviors
(Moderate Experience)
Implements architecture standards and practices to improve our business architecture.
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Level 4 Behaviors
(Extensive Experience)
Drives visibility of the gaps in business architecture to prioritize resolving those gaps.
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Level 5 Behaviors
(Mastery)
Develops business architecture roadmaps to achieve our business's business objectives.
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2 Job Family Competencies – Business Strategy
Proficiency Level -1
Skill definition-Developing and implementing plans to assess the actions and goals of a business.
Level 1 Behaviors
(General Familiarity)
Discusses business strategy constraints in meeting our organizational objectives.
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Level 2 Behaviors
(Light Experience)
Documents core objectives of business strategy to ensure appropriate quality oversight.
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Level 3 Behaviors
(Moderate Experience)
Implements change initiatives to ensure successful delivery of business strategy.
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Level 4 Behaviors
(Extensive Experience)
Evaluates new business opportunities to develop an effective strategy and win business resources.
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Level 5 Behaviors
(Mastery)
Develops business strategy to support the vision of our organization.
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3 Economics Analyst I - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Economics Analyst I
Proficiency Level - 4
5 Competency for - Economics Analyst I
Proficiency Level - 5

7 soft skills or competencies (core competencies) for Economics Analyst I

1 Core Competencies – Gathering Information
Proficiency Level -2
Skill definition-Accumulating necessary information from various resources to clarify the situation or make an informed business decision.
Level 1 Behaviors
(General Familiarity)
Explains the use of surveys and interviews in gathering the necessary information.
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Level 2 Behaviors
(Light Experience)
Conducts basic research to identify current industry trends and best practices.
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Level 3 Behaviors
(Moderate Experience)
Participates in various company events to gain information about current business operations.
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Level 4 Behaviors
(Extensive Experience)
Provides training to others about new techniques and strategies for effective data collection.
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Level 5 Behaviors
(Mastery)
Develops best practices and programs to improve data collection across our business.
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2 Core Competencies – Predictive Analytics
Proficiency Level -2
Skill definition-Gathering, analyzing, and predicting patterns and structures of historical data and trends to make strategic decisions for better future outcomes.
Level 1 Behaviors
(General Familiarity)
Differentiates between predictive analytics and machine learning.
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Level 2 Behaviors
(Light Experience)
Collects data from specific sources to support data processing in predictive analytics.
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Level 3 Behaviors
(Moderate Experience)
Recommends fixes and optimizations to avoid future malfunctions and maximize efficiency.
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Level 4 Behaviors
(Extensive Experience)
Monitors performance to ensure accuracy and relevance of predictions in driving organizational growth.
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Level 5 Behaviors
(Mastery)
Develops predictive models to determine and draw up predictions about future industry trends.
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3 Economics Analyst I - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Economics Analyst I
Proficiency Level - 4
5 Competency for - Economics Analyst I
Proficiency Level - 5

Summary of Economics Analyst I skills and competencies

There are 0 hard skills for Economics Analyst I.
11 general skills for Economics Analyst I, Business Architecture, Business Strategy, Data Analytics, etc.
7 soft skills for Economics Analyst I, Gathering Information, Predictive Analytics, Initiative, etc.
While the list totals 18 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Economics Analyst I, he or she needs to be proficient in Gathering Information, be proficient in Predictive Analytics, and be proficient in Initiative.

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