It’s no secret that there is a skill shortage in our country, specifically in the STEM (Science, Technology, Engineering, Mathematics) fields and middle-skill positions in manufacturing. In fact, over the next decade it’s expected that 3.5 million new manufacturing jobs need to be filled, but only 1.5 million people will have the skills necessary to do so. What other impacts will the skills gap have on hiring going forward?

1. 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 Million
New Job Openings
2 million will go unfilled due to skills gap
engineering is the next industry to be most affected by the skills gap, followed by science & research
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5.6 millionunfilled U.S. job openings
8.7 millionpeople available to work
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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 Combat
the 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/21944
Some vectors provided by: http://www.freepik.com/
Time it takes to Fill a Job