6 healthcare coverage and costs 192 training 55

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Unformatted text preview: rcent Availability of skilled, qualified workers 61.6 Healthcare coverage and costs 19.2 Training 5.5 Compensation to workers and compensation levels 5.5 General benefits and insurances 2.7 All other 5.5 In the Spring of 2005, the National Association of Manufacturers contracted Deloitte to study the workforce.8 “The details behind the talent shortage reveal a stark reality. More than 80 percent of respondents indicated that they are experiencing a shortage of qualified workers overall – with 13 percent reporting severe shortages and 68 percent indicating moderate shortages. Also worrisome is the finding that 90 percent of respondents © Reliability Center, Inc. 3 indicated a moderate to severe shortage of qualified skilled production employees, including front-line workers, such as machinists, operators, craft workers, distributors, and technicians. As expected, the research showed that engineers and scientists are in short supply, with 65 percent of manufacturers reporting deficiencies – 18 percent severe and 47 percent moderate.” What would cause this diverse view of the United States workforce over the next decade? The Younger Generation One of the key points that sets the four sets of information, presented in this essay, apart are their points of view. The US Bureau of Labor Statistics focus on the forecast of significant increase (about 60% of growth) in the professional and service industries, with the most significant being in the computer industry. “Advances in manufacturing technology, such as faster machines and more automated processes, and a shift of assembly and other production activities to countries with lower labor costs are expected to decrease employment for a number of production-related occupations.”9 In particular, maintenance in the manufacturing industry is expected to decrease by 17,000 jobs with selfemployment in this group increasing slightly. The total percentage of workforce in the maintenance and repair industry is expected to remain steady at 3.9%, although with a much aged workforce. The US Bureau of Labor Statistics lists maintenance skilled workers as requiring moderate on-the-job-training (OJT) (e.g., farming and agriculture is long OJT and food service is short OJT). In general, over the 2004 to 2014 period, 54.7 million job openings are expected in the economy, approximately three times as from general employment growth (18.9 million). The slower increase in population and available workforce is expected to fill in these jobs. Reliability Center, Inc. However, statistics do not account for the attitude of the 16 to 24 year old range, which is decreasing its presence in the workforce. “During the past several decades, the number of students enrolled in high school, college and summer school has increased, resulting in a decline in the overall labor force pa...
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This note was uploaded on 04/02/2014 for the course JOUR 2000W taught by Professor Katefarrish during the Spring '12 term at UConn.

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