continue to impact hiring p€¦ · 2016 2025 3.5 million new job openings 2 million will go...

6 Skills Gap Statistics that Continue to Impact Hiring

and how to overcome them

P26.4working days

Middle skill jobs are ones that require more experience than a high school diploma but less than a 4-year college degree. The average time a “middle skill” job is open is about 40 days.

Though down from a recent high of 29 working days, overall time-to-fill a job is still way up. This is especially true in trades where the skills gap is most evident.

Cost of unfilled jobs to the US Economy

$13billion per month

$160billion annually

Manufacturing to See Highest Impact

2016 2025

3.5 MillionNew Job Openings

2 million will go unfilled due to skills gapengineering is the next industry to be most affected by the skills gap, followed by science & research

AAAAAA

5.6 millionunfilled U.S. job openings

8.7 millionpeople available to work

AAAAAAAAA

Millennials are

51%more likely to have

a college degree than

baby boomers

10,000baby boomers retire

EACH DAY!

That’s 4 million skilled workers per year.

As Baby Boomers continue to leave the workplace, they bring with them valuable experience and skills that widen the skills gap.

Ways to Combatthe Skills Gap

Promote where the jobs are (industries, etc)

Create the perfect candidate through training

Partner with educators

Are you feeling the effects of the Skills Gap?

The DAVIS Companies niche recruitment focus gives us access to some the world’s most in-demand talent. We bring over 30 years of experience in Staffing Solutions and Talent Advisory Services.

Learn how we can help you grow.

WWW.DAVISCOS.COM

Sources

http://dhihiringindicators.com/monthly-reports/http://mikerowe.com/2016/02/stopignoringskillsgap/http://www.themanufacturinginstitute.org/https://www.washingtonpost.com/news/fact-checker/wp/2014/07/24/

http://fortune.com/2014/11/18/unfilled-jobs-us-economy/https://www.americanprogress.org/issues/http://www.workforce.com/articles/21944Some vectors provided by: http://www.freepik.com/

Time it takes to Fill a Job