We live in a world that is constantly changing. Technologies emerge, evolve, and become obsolete quicker than ever before. This ever-changing environment, coupled with macroeconomic conditions, has brought the skills gap to the forefront of business discussions.
What exactly is the skills gap?
The skills gap is the divide between businesses demands for candidates with specific, deliverable skill-sets, and the broader market’s seeming lack of ability to supply enough of the right people.
Inc.com recently suggested that the skills gap is a myth wrought with layers of excuses and lack of action (perhaps partially true). However, if you took a second to talk to any business owner or executive they’ll all tell you the same thing: they simply can’t find enough of the people they need to drive their business.
Why is the skills gap happening?
How can you attack the skills gap?
There is no doubt that any of the above solutions alone will not solve the skills gap problem. Specifically in Western New York, as manufacturing continues to rise, we will need to address the skills gap problem head on with a blend of approaches, including private enterprises taking ownership of employment realities and doing what they can to control their talent pipeline. The skills gap is likely to become a more challenging problem as economies and marketplaces evolve more quickly; however, leaders investing in ways to close the gap will help their organizations gain a critical competitive advantage.