Unemployment is something that most people try to avoid. To facilitate these people have tended to avoid industries that appear to be, at best, uncertain.
The result has become a lack of skilled workers. This is becoming obvious in certain industries, such as manufacturing. Because this has been a volatile industry young people have not been interested in learning the skills. However, the older workers are now retiring and a huge gap in the skill set is starting to become exposed.
This means that skilled workers will be able to dictate their own terms as the need for them will be much greater than the number of them available. This may cause some businesses to struggle which is why it is essential they take steps today to rectify the issue.
This is one reason why skilled workers, like those you can hire at the Brix Projects are increasingly in demand.
There are several other reasons why skilled workers will own the future:
Lack Of Retention :
For many years firms have been taking on employees with little experience and training them while offering a low wage. This has helped the companies to be competitive and profitable.
However, once the employees are fully trained they are likely to move on to another firm where their pay package is greater.
In fact, there has been a large number of skilled workers who have taken their skill set out of the country altogether. This simply shrinks the pool of available talent making it very difficult for a company to get the right skilled staff.
The consequence is that the employment market moves to favor the employee as opposed to the firm.
While some firms are happy to take on inexperienced workers and train them, this is not true of all firms. Add to this the flexibility of the market which ensures that many are not completing their training.
The result is a lack of investment in developing skilled workers and an ever increasing gap in the workforce. This is a gap that cannot easily be filled!
More and more firms are relying on specialist contractors to handle specific jobs. This is in a bid to drive costs down and be more efficient.
However, as fewer people training in the skilled trades, it will become harder to locate someone when you need them. The result could be an interruption to your business when you really don’t need one.
The only solution will be to use a skilled tradesperson; regardless of the cost.
This is the real crux of the matter. The lack of skilled workers means that they will be able to charge what they wish for their services. But, this is certain to have a knock-on effect on other companies and their profitability.
The ones who survive will be those that start to prepare today; training and encouraging more young people into the skilled careers is the only way to resolve this issue in the long term.
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