Skills & Competencies for Economics Analyst II

Economics Analyst II job profile

Book a Demo and Receive a Sample Job Profile

JOB SUMMARY for Economics Analyst II

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 II

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 II SALARY RANGE

BASE 50%
$122,615
TOTAL 50%
$132,607
Job Level
P03
Job Code
FA06000948
Education/Degree
Bachelor's Degree
Reports To
Manager or Head of a Unit/Department

Economics Analyst II 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 II skill and competencie below to view definitions.
JOB FAMILY COMPETENCIES CORE COMPETENCIES
BOOK A DEMO

11 general skills or competencies (Job family competencies) for Economics Analyst II

1 Job Family Competencies – Business Architecture
Proficiency Level -2
Skill definition-Designing and implementing business strategies, goals, and objectives to deliver end-to-end business value.
Level 1 Behaviors
(General Familiarity)
Cites examples of strategies and processes used in business architecture.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Applies the business architecture principles to identify alternative solutions.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Checks solution blueprints to align with business architecture strategies.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Delivers innovative solutions to resolve critical business process architecture issues.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Builds training programs for the new employees to learn and use the best practices of business architecture.
See 4 More Skill Behaviors
2 Job Family Competencies – Business Strategy
Proficiency Level -2
Skill definition-Developing and implementing plans to assess the actions and goals of a business.
Level 1 Behaviors
(General Familiarity)
Cites examples and best practices of great business strategies.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Assists in improving programs based on our organization's business strategy.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Administers innovative analytical solutions to optimize business strategy.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Contributes to the business strategy to articulate the broad implications of business trends.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Champions the adoption of the latest technologies to implement various business strategies.
See 4 More Skill Behaviors
3 Economics Analyst II - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Economics Analyst II
Proficiency Level - 4
5 Competency for - Economics Analyst II
Proficiency Level - 5

8 soft skills or competencies (core competencies) for Economics Analyst II

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)
Cites examples of methods used to collect and compile information.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Applies techniques and tools to gather, organize, and archive pertinent information.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Analyzes employees' feedback to determine necessary changes to be implemented within our business.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Implements strategies to streamline the data collection process.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Champions the adoption of advanced tools and methods to simplify the information-gathering process.
See 4 More Skill Behaviors
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)
Describes the basics of predictive model techniques.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Applies appropriate statistical tools to test and validate all assumptions.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Contributes to the development of multiple models to predict future behavioral outcomes.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Monitors performance to ensure accuracy and relevance of predictions in driving organizational growth.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Develops predictive models to determine and draw up predictions about future industry trends.
See 4 More Skill Behaviors
3 Economics Analyst II - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Economics Analyst II
Proficiency Level - 4
5 Competency for - Economics Analyst II
Proficiency Level - 5

Summary of Economics Analyst II skills and competencies

There are 0 hard skills for Economics Analyst II.
11 general skills for Economics Analyst II, Business Architecture, Business Strategy, Data Analytics, etc.
8 soft skills for Economics Analyst II, Gathering Information, Predictive Analytics, Problem Solving, etc.
While the list totals 19 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 II, he or she needs to be proficient in Gathering Information, be proficient in Predictive Analytics, and be skilled in Problem Solving.

It's Easy to Get Started

Get the precision you need to assess, hire, and develop top talent with skills and competencies – see how with a personalized demo.