How franchises are working to boost their workforce. Maggie Ginsberg Published 8:30 am CDT, Wednesday, October 9, 2019 Photo: Rune Fisker Photo: Rune Fisker Image 1 of / 1 Caption Close Image 1 of 1 Photo: Rune Fisker There's a Skilled Trade Labor Shortage. Can We Fix It? 1 / 1 Back to Gallery Back in Vinnie Sposari’s day, plumbing was considered a good, honest living. Before shop classes started disappearing from high schools and four-year college was championed as the only respectable career path, Sposari could put a classified ad in Sunday’s paper and have six or eight résumés on his desk by Monday. Good résumés, too. But those days have gone the … [Read more...] about There’s a Skilled Trade Labor Shortage. Can We Fix It?
America’s labor shortage is approaching epidemic proportions. Across the country, more jobs are available than workers to fill them. The unemployment rate has dropped to a nearly two-decade low. Businesses are complaining of worker shortages, arguing they could do more, sell more and build more if they could just find skilled employees. According to the Department of Labor, at the end of January 2019, the U.S. economy had 7.6 million unfilled jobs, but only 6.5 million people who looking for work. It was the 11th straight month the number of job openings was higher than the number of job seekers. This shortage has translated into higher wages to retain and attract workers, which increases employers’ costs of doing business. What can a business do to attract and keep skilled employees? In addition to paying competitive wages, many business owners are considering adding retention and performance programs for their most valuable employees. One such program is called a Phantom … [Read more...] about Gary Miller: How to retain employees during the labor shortage
Jeffrey D. Allred, Deseret News FILE - Construction workers work on the Hoopes Vision Center at 11800 South State in Salt Lake County Wednesday, May 2, 2012. Utah has one of the top economies in the Intermountain West, with a particularly strong commercial real estate market. But analysts say an issue that could affect the local market is the lack of available qualified labor needed to meet demand. Related Link Commercial real estate on historic pace, report says SALT LAKE CITY — After a dramatic climb over the past several years, analysts say Utah's strong commercial real estate market could take a hit from a lack of available qualified labor needed to meet the ongoing demand. Speaking Thursday at the 2019 National Association of Industrial and Office Professionals Commercial Real Estate Symposium in downtown Salt Lake City, the executive director of investment for Newmark Grubbs ACRES said the state has experienced double-digit growth in the amount … [Read more...] about Labor shortage could impact strong Utah commercial real estate market
Updated at Saturday, 19 Jan 2019, 11:05 The Hanoitimes - Vietnam’s labor market has been under the impact of new trade agreement and the relocation of FDI companies . Vietnam is facing a labor shortage as FDI companies in electronics industry planned to move their factories from China to Vietnam, according to Navigos Group, operator of Vietnam’s biggest job portal VietnamWorks. Illustrative photo. Navigos has issued the report on recruitment demands for senior management level in Vietnam in the fourth quarter of 2018, which started to feel the impact of free trade agreements and FDI on recruitment needs in Vietnam. According to the report, these FDI companies are under major pressure in recruitment because the proposed salary is no more attractive than that offered by competitors, so candidates are still unsure about the decision to switch to another working environment. Moreover, enterprises in the Electrical/Electronic field in northern cities of … [Read more...] about Vietnam faces labor shortage due to China’s relocation production
In stories of decades past, people tell of learning a trade through an apprenticeship. That path to a better job still exists in the building trades, and some factories and other workplaces are embracing it again as they try to fill job openings. With retirements surging because of demographics and a job market tighter than most have seen in a generation, Minnesota firms are struggling to fill 142,000 job openings. The dilemma leaves factory bosses desperate for skilled workers and hunting for apprentices to hire, train, equip with valuable credentials and retain long term. The trend spells huge opportunities for job hunters — provided they know what skills are in hot demand and where to get training. Thanks to a flurry of state, federal and company commitments, the number of manufacturing, information technology and health care apprenticeships is swelling. The Minnesota Apprenticeship Initiative (MAI) received a large grant from the U.S. Department of Labor in 2015 with the goal … [Read more...] about Apprenticeship programs abound as labor shortage deepens in Minnesota