Because not enough students are going into trade schools there is a shortage of people with the needed skills, according to a report on the so-called "skills gap," produced by The College of William and Mary on behalf of companies who distribute equipment for construction, agricultural, industrial and related industries.
In the debate over why the U.S. has been so slow to emerge from the Great Recession, many have laid the blame on what's become known as the skills gap: Despite an abundance of workers, too many simply aren't qualified to fill the jobs available. Even now that hiring is running at its fastest clip since the late 1990s, business and industry groups such as the Chamber of Commerce continue to emphasize the damage the skills gap is doing to the economy. So do a lot of consulting firms.
Analyst Insight: APQC's research indicates that organizations need to prepare for the future in terms of supply chain talent. New supply chain hires are often only somewhat prepared for the jobs they will be doing, and although most organizations recognize the need for talent management programs directed at supply chain staff, many have not created such programs. What does this mean for organizations that have large numbers of employees on the brink of retirement? - Andrea Stroud, Research Program Manager, APQC