Breaking Down the Skills Gap, Part 2

Taking a hard look at your training program is necessary to adapt to a workforce in transition

Thu, 03/19/2020 - 12:02
All articles in this series
Breaking Down the Skills Gap, Part 2
Breaking Down the Skills Gap, Part 3
Breaking Down the Skills Gap, Part 1

The Manufacturing Institute estimated that 2.4 million job openings in manufacturing—accounting for half of all open positions—will go unfilled between 2018 and 2028 as a direct consequence of the skills gap. This isn’t a future problem.

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The challenges of the skills gap and a shifting workforce are impacting businesses right now. The average U.S. manufacturer is losing an estimated 11 percent of its annual earnings (EBITDA), or $3,000 per existing employee, due to the talent shortage. (Read part one of this series.)

Time to take a fresh look at the skills gap.

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Comments

Submitted by Gopala (not verified) on Thu, 03/19/2020 - 14:19

Thanks Leslie for the article  and some insight. First thing first, I need to sink in my mind 3.2 years as the average employment of new employees. This is an important fact and reminder to me as a trainer.

As i was reading, I was looking for more...that was how interesting and relevant the subject is.

I hope there will be part 3, with some idaes and recommendations on how training can be redesigned for new type of workers.

 

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