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104 Results for Category Skills Gap

Man reviewing data on a tablet.
Is the skills gap real? Whether you believe it’s a business boogeyman that lurks in the dark imaginations of overworked hiring managers, or you see it as a problem for your LinkedIn connections, you might agree on this one thing: it won’t affect your industry. After all, roles at your company are in demand and you have more applicants than positions to fill. For now. In reality, it’s not some big, ominous thing. Rather, the skills gap is simply the gap between what employers want or need their employees to be able to do, and what they can actually do.
Construction worker smoothing cement.
As a business leader, you expect your employees to have certain foundational skills. Some of these competencies vary by industry. For example, if you're running a contracting company you might expect all employees to have the math skills to be able to accurately calculate space and distance. If you're the HR manager at a hospital, you might expect that all employees know how to use your medical records management system. Other skills, like communication, ethics, and problem solving, are so universal that they go without saying. Or do they?
Imagine you have an open position for a management role in your business. Which would you rather do? Create a job post, sort through resumes, interview candidates, and eventually hire someone who might hopefully be the right fit, or promote a proven employee who already understands your business and your team? 
As the skills gap puts pressure on businesses in various industries, those businesses turn to staffing firms to fill open positions. There's just one problem; staffing firms are facing the same challenges as the businesses they're supporting. Record low unemployment rates, weak workforce participation rates and changing skills demands make finding the right temporary employee more difficult than ever. 
Depending on your perspective, the construction industry is facing either a serious problem, or a valuable opportunity. Throughout the building boom from 2012 to 2015, general contractors and construction companies struggled to find enough workers to do the job. Now, as growth levels off, general contractors and other industry leaders find that the construction skills gap is as pressing as ever. But that problem masks a valuable opportunity.
Finding Solutions to Unemployment 
With the majority of the current United States labor market falling somewhere in the vast space between high school graduate and college graduate, those trained to fill roles in this education-gap are often labeled as "middle-skilled." Jobs either require a degree, or they don't and those who are stuck in the middle can find themselves locked out because of the all- or- nothing approach of many employers. 
The gig economy, the free market system in which temporary positions are common, has grown exponentially in the past decade, from 10.1% in 2005 to 15.8% in 2015.1 The growth of this industry falls to the development of new technologies that enable transactions directly between providers and consumers and the increasing disinterest in acquiring traditional 9-5 jobs.1 More than ever before, people are filling temporary roles including working as handymen, cultivating content as freelance writers, and performing administrative work.Despite the temporary nature of these roles, they often require new skill sets to be learned. Free educational services and skills development programs provided through libraries have become critical to job placement and advancement for many gig positions and demand continues to increase.
A well-developed job posting is the first step toward attracting the right talent to fill open positions. With a yawning skills gap, and a plummeting unemployment rate, quality job postings are more important than ever. If you're still repurposing the same job postings you used a decade ago, you're probably missing great candidates. 
The time has come to rethink hiring. If your company is using the same processes and requirements it was using 10 years ago, you're probably struggling to find qualified candidates. You're not alone. Businesses of all sizes are finding jobs hard to fill. Tech giants like Microsoft, IBM, and Amazon are no exception. 

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