From 2000 - 2013, a position as a software developer yielded a salary increase over 25 percent. In some industries, like healthcare and IT, are talent shortages. Hiring the correct number of employees with the right skills sets is important, regardless of the industry. Here are four such diverse industries that have more jobs than qualified people.
The talent void solution seems simple. Employers should partner with schools to implement up-to-date training programs. However, a Manpower study revealed 40 percent of employers in Japan, Taiwan, Hong Kong, etc. "had difficulty" with job placement. This predicament is similar to the situation in the U.S. Talent mismatch and outdated educational systems were cited.
Chefs/bakers, mechanics, plumbers, electricians and drivers are just some of the jobs represented by the skilled trades -- one of the top three industries hardest hit by the shortage. These positions usually require a high school diploma and college or technical training. For instance, truck drivers receive training for their Commercial Driving License within a few weeks. Drivers get paid vacation, mentorships and perks. The salary was $38,200 in 2012.
Baby Boomers, the people born between 1946-1965, are largely responsible for the nursing shortage. While there were 74.6 million boomers in 2015, there were only 2,745,910 nurses to provide the care they needed to manage chronic illnesses. A registered nurse must have a bachelor's degree and earn licensure by the state. Their median salary was $71,000 in 2015.
Injection molders or machinists and tool and die makers create a variety of computer and machine-controlled tools, metal parts, etc. They also may be members of the Manufacturers Association for Plastic Processors. Machinists totaled 477,500 workers in 2014. Employees earned $42,110 in 2015. Some companies, like Molding Business Services, know that these specialized positions are usually filled by expert recruiters in the plastics industry. Pharmaceutical companies and product manufacturing are some of the largest employers.
The recession reduced the demand for computer-related careers. But our nation is currently experiencing a resurgence in our economy. Typically, IT jobs require a bachelor's degree and account for over 4 million positions. But IT is often associated with STEM and an under-representation of women.
Talent shortages represent an opportunity for change. More importantly, it can jump start a paradigm shift for government leaders, stakeholders and workers.