The search for skills has been a daunting task for U.S. companies trying to find the right person to fill well paying and highly skilled jobs.
Despite high unemployment rates, many employers report they’re struggling in the job matching process, frequently complaining that there’s a mismatch between the available domestic workforce and the skills they are demanding.
As a result, companies are having to turn to an international pool of high-skilled workers to find the specialized skills they need because the geographical distribution of skills is so uneven throughout the world. More than half (56 percent) of the world’s engineering bachelor’s degrees are earned in Asia, with another 17 percent in Europe, and just 4 percent in the United States according to the National Science Foundation. Even smaller Asian nations outpace the United States with the combined natural sciences and engineering degrees earned in South Korea, Taiwan, and Japan exceeding the United States, despite their collective size being much smaller.
The demand for these highly technical skills is high in the United States, and companies must be willing to consider a range of options for recruiting these skills from abroad. Immigration policy can be critical to the flow of skills entering the United States…
The Global Skill Gap: 38 million to 40 million fewer workers with tertiary education than employers will need
Over the past three decades, as developing economies industrialized and began to compete in world markets, a global labor market started taking shape. As more than one billion people entered the labor force, a massive movement from “farm to factory” sharply accelerated growth of productivity and per capita GDP in China and other traditionally rural … Continue reading »
Book: Why Good People Can’t Get Jobs: The Skills Gap and What Companies Can Do About It | Wharton Digital Press
Even in a time of perilously high unemployment, companies contend that they cannot find the employees they need. Pointing to a skills gap, employers argue applicants are simply not qualified; schools aren’t preparing students for jobs; the government isn’t letting in enough high-skill immigrants; and even when the match is right, prospective employees won’t accept … Continue reading »
Skills Gap – There won’t be enough A & P (airframe and propulsion) licensed mechanics for an Airbus Assembly plant when in Mobile
That’s the word from companies that specialize in recruiting and hiring skilled workers for several industries, including the marine and airbus 380 in Vancouver (Photo credit: Cyprien) aviation industries. Bud Collins owns Eagle Marine Services in Irvington. He’s been placing skilled workers in marine jobs for 17 years, including ship building sites like Newport News, … Continue reading »
The arrival of Airbus in Mobile will make a measurable impact on the city’s economy, enough to render the city, and even the entire state, better bets for lenders, according to a recent report by Moody’s Investor Service, a rating agency. While the company did not officially adjust its investment-grade, Aa2 rating for the city, … Continue reading »
As a series of demographic and economic shifts intensely converge, creating a “Human Age,” a range of population groups are being alienated from work opportunities in the global economy writes ManpowerGroup in Wanted: Energized, Career-Driven Youth. (Adapted excerpts by Job Market Monitor following) Young workers are most affected and have been labeled a lost generation of … Continue reading »
New Yorker has a terrific one-page summary by James Surowiecki of why so many job vacancies are left unfilled “for want of any sufficiently qualified candidates” while so many people (especially young people with university degrees) are unable to find work. It’s behind a pay wall, so here’s a synopsis: Unemployment is high not because … Continue reading »
The No. 1 issue facing manufacturers in Ohio is the difficulty finding qualified skilled workers to meet the needs of the industry in the state, according to sources at the Manufacturing and Distribution Update held June 27 at The Pinnacle in Maumee by Gilmore, Jasion & Mahler Ltd. (GJM). Staff members from GJM learned about … Continue reading »
Even in a time of 8% unemployment, some jobs go begging. Surveys reveal a significant share of companies report difficulties filling certain jobs. What’s a company to do when it can’t find workers with needed skills? Work its current employees for longer hours. That’s the conclusion by economists at the Conference Board. The trend suggests … Continue reading »
The report,The Future of Manufacturing: Opportunities to Drive Economic Growth, by the World Economic Forum in collaboration with Deloitte Touche Tohmatsu Limited estimates that 10 million manufacturing jobs worldwide cannot currently be filled due to a growing skills gap. This shortage is pervasive despite the high unemployment rate in many developed economies where companies are struggling to … Continue reading »