About 2.4 million positions in the manufacturing sector may remain unfilled between 2018 and 2028 due to the current skills gap. Employers across all industries have job openings that stay vacant for longer than a year. This affects companies and job seekers, as well as the economy as a whole.
Skill gaps occur when employees lack the skills needed to carry out their jobs. Simply put, their skills don’t match the employer’s expectations.
For example, many new technologies require specific skills that were not taught in schools five or 10 years ago. As a result, employees may not have the know-how required to work with those technologies.
Access to skilled workers drives business growth. Employers have the responsibility to identify the skills they need and develop strategies to find and retain talent. Here are some tips to help you out!
Assess Your Business Needs
For starters, assess your company’s strategy. Determine what roles should be filled immediately and which ones will be necessary later on.
Consider your marketing and business goals, as well as your budget. Next, identify the roles required for reaching your objectives— and the skills needed for each position.
Analyze Your Current Workforce
Don’t rush into hiring people. First, analyze your current workforce and identify the top performers. Assess the skills they already have and how they fit into your plan.
Try to identify the skill gaps in your organization. Use key performance indicators, such as revenue per employee, to get a clear picture of where you’re standing. Consider rotating employees through different roles to see how they perform.
Invest in Employee Training to Fill Skill Gaps
After performing a skills-gap analysis, take the steps needed to build a reskilling plan. More than half of employees will require reskilling over the next five years, reports Personnel Today.
Both new hires and existing workers should receive ongoing training to keep their skills relevant. As an employer, you can offer on-the-job training or team up with organizations offering training. Ask your staff to attend seminars, workshops, and other educational events.
Another option is to develop an internship program for students and prospective employees. This will allow them to acquire the skills they need to meet your company’s needs. Plus, it can make it easier to attract and retain talent.
Work with a Recruitment Agency
Once you have identified the skills needed in your organization, reach out to a recruitment agency. Let them know about your current and future needs, growth plans, and business goals. Focus on building a long-term partnership.
Determine whether you want to work with a generalist recruitment firm or a niche agency. Choose the latter option if you operate in a highly specialized market. A generalist agency, on the other hand, may be able to help you fill multiple roles.
Address the Skills Gap to Remain Competitive
Each year, millions of job vacancies remain unfilled because of today’s skills gap. With the advent of new technologies, workers across most industries are under-skilled for their jobs. As a result, companies experience diminished productivity, high turnover, and revenue loss.
Don’t wait until it’s too late. Use the above strategies to fill skill gaps in your organization and stay competitive.
In the meantime, browse our Business section for other tips on how to increase profits and reach your goals!