News - - More evidence is emerging in support of the growing skills mismatch in the United States (discussed earlier.) Job vacancy rates are rising much faster than hiring rates and the NFIB survey shows smaller firms are having a tough time filling some openings. People forget that corporate needs for skilled labor have changed materially since the start of the Great Recession. The demand for employees with technical and specialized skills has increased in the US as it did in other industrialized nations. Yet over the past couple of decades many US firms have systematically gutted training and apprenticeship programs and shifted a great deal of high tech production abroad. Companies were rewarded with higher share valuations for “offshoring” and cutting investment in training, whether or not it made sense....
Ken Notes: We HAVE to fix this!!
Read More At: http://www.macrobusiness.com.au/2014/06/us-develops-a-skills-shortage/
- - Volume: 2 - WEEK: 25 Date: 6/17/2014 9:05:04 AM -