Thursday, January 04, 2007

Skilled Labor Shortage?

From the article:

One survey from employment service ADP released Wednesday showed U.S. private sector employment shrank in December, the first decline in 3-1/2 years.

But many economists and labor market experts say that job growth and the economy overall would be significantly stronger if employers could find the skilled workers they really need.

"I'm hearing across the board, across industries, companies indicating they can't exploit market opportunity because they can't find people with the right skills," said Jeff Summer, an executive at Deloitte Consulting who leads the firm's management practice. He said that there's virtually no long-term unemployment for skilled workers.

"It's down to the nub already," he said. "Supply and demand is completely out of whack."

They never say what skill sets they are looking for. It also sounds like they are not looking in the right places.

"Just paying people more won't be the answer. They really need to be treating the talent market as a customer market more than they ever have before."

Maybe it's because you are not willing to consider offering more money for the skill sets you are looking for. Have you ever considered that said skills are worth more money? I have to confess, however, that I don't understand the second sentence and how it relates to the "labor shortage."

Have you also noticed they never mention what those skills are? I am thinking that it's deliberate on their part. I would sure like to see the specifics.

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