CNNMoney.com takes the today’s job report even further – Skilled worker shortage hurts U.S. The article’s opening sentence:
The biggest problem with job growth right now isn’t too few new jobs. It’s too few skilled workers.
And later:
“It’s down to the nub already,” he said. “Supply and demand is completely out of whack.”Some experts say part of the blame for the slowdown in the economy in last year’s second half can be laid on labor constraints – companies couldn’t expand as fast as they wanted due to a lack of workers with the right skills.
Notice that the comment is not a lack of skills, it is a lack of the right skills. We are releasing an article early next week on finding the right talent for your sales position. There are numerous sales candidates available and many actually look good on paper. However, there are 2 critical pieces of information you must possess to hire effectively in this evolving market. More on that next week. For now, it seems clear that we are on the cusp of a significant skilled-labor shortage – a shortage that will lead to many exasperated hiring companies.
And this is a good description of future sourcing activities:
“With this level of unemployment, the only way they can find the workers they need is to hire them away from someone else, hire them from someplace else, or hire someone without the necessary skills,” said Vitner. “All these things cut into productivity growth.”
And to close:
“When the economy hits some natural barriers, it slows it down, and one of those barriers is when the pool of workers begins to dry up,” he (John Challenger) said. “The lifeblood of the economy today is skilled workers.”
Dramatically stated but accurate nonetheless.