6 Skills Gap Statistics that Continue to Impact Hiring
and how to overcome them
P26.4working days
Middle skill jobs are ones that require more experience than a high school diploma but less than a 4-year college degree. The average time a “middle skill” job is open is about 40 days.
Though down from a recent high of 29 working days, overall time-to-fill a job is still way up. This is especially true in trades where the skills gap is most evident.
Cost of unfilled jobs to the US Economy
$13billion per month
$160billion annually
Manufacturing to See Highest Impact
2016 2025
3.5 MillionNew Job Openings
2 million will go unfilled due to skills gapengineering is the next industry to be most affected by the skills gap, followed by science & research
AAAAAA
5.6 millionunfilled U.S. job openings
8.7 millionpeople available to work
AAAAAAAAA
Millennials are
51%more likely to have
a college degree than
baby boomers
10,000baby boomers retire
EACH DAY!
That’s 4 million skilled workers per year.
As Baby Boomers continue to leave the workplace, they bring with them valuable experience and skills that widen the skills gap.
Ways to Combatthe Skills Gap
Promote where the jobs are (industries, etc)
Create the perfect candidate through training
Partner with educators
Are you feeling the effects of the Skills Gap?
The DAVIS Companies niche recruitment focus gives us access to some the world’s most in-demand talent. We bring over 30 years of experience in Staffing Solutions and Talent Advisory Services.
Learn how we can help you grow.
WWW.DAVISCOS.COM
Sources
http://dhihiringindicators.com/monthly-reports/http://mikerowe.com/2016/02/stopignoringskillsgap/http://www.themanufacturinginstitute.org/https://www.washingtonpost.com/news/fact-checker/wp/2014/07/24/
http://fortune.com/2014/11/18/unfilled-jobs-us-economy/https://www.americanprogress.org/issues/http://www.workforce.com/articles/21944Some vectors provided by: http://www.freepik.com/
Time it takes to Fill a Job