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In February, Fortune magazine declared that the U.S. was at “full employment.” While not every economist is in full agreement with the magazine, there is significant evidence that the labor market is drying up for employers who need to add employees or replace employees who are retiring or leaving for new job opportunities.
When I was a kid growing up in the 1980s, my parents drilled into my head, "Go to college to get a good job." The implication being that, if I earned a four-year degree, a good paying job would follow because I had secured that college diploma. Recently, I had the chance to speak with some college educators, including a college dean, and was stunned to find out that from within the academic world, the interpretation now is very different.
For many years it has been my belief that the biggest reason there is a skilled labor shortage is due to the negative perception that manufacturing jobs have in the minds of the general public. Many people believe that manufacturing jobs are not seen as viable careers, they are not an area that parents or school counselors guide children toward, and they are not seen as cool or cutting edge by millennials. These beliefs are outdated and untrue. Manufacturing jobs need a public relations makeover. And the sooner the better.
Near the end of each year many businesses attempt to predict and forecast what the upcoming year will hold for their company. They set budgets, look at new client opportunities, and try to plot a course to make the next year more successful than the last.
What will the modern work environment look like in five years? 10 years?Imagine a work world similar to one designed 25 years ago by manufacturer Jack Stack in his landmark book, The Great Game of Business, in which employees are financially literate regarding the money aspect of business, they have a stake in the outcome, and they understand the critical number.
For the 10th straight year, an annual survey by the ManPowerGroup, a human resource consulting firm, reveals that one in three U.S. employers report difficulties filling job vacancies, due largely to talent shortages.
We live in a world today full of business niche specialists, from companies that change our oil to people that walk our dogs Many of these are tasks and duties that previous generations did for themselves. Looking for a new job or finding a new employee also falls into this category.
The good news is that manufacturing hiring was up in 2014, with forecasts predicting continued increases in 2015 and beyond. The bad news is that there aren't enough trained skilled workers to fill the jobs...
The good news is that manufacturing hiring was up in 2014, with forecasts predicting continued increases in 2015 and beyond. The bad news is that there aren't enough trained skilled workers to fill the jobs available.
I suffer from high expectations of others and myself. I’m an entrepreneur — I take risks and hold myself accountable for the outcome of those risks. I take my lead from the likes of...