The cruel truth is that national shortages affect each industry to varying degrees. Based on our research, some of you can wipe your brow and take a deep breath. Others will want to brace yourselves before you read on.
Per market experts, the following industries will produce some of the worst shortages to come. This is by no means an exhaustive list; however, it is a warning to those in the following markets. Build a talent pipeline, hone your recruiting skills, and take cover. This talent drought may last a while.
HEALTHCARE: According to Andrew Chamberlain of Glassdoor, “Health care is the 800-point gorilla of the labor market today.” Positions such as nursing, medical assistants, and physical therapists are already working their way toward the top of Most Wanted list (eremedia.com). Meanwhile, AAMC News predicts that the physician default will land between 40,800 and 104,900 within the next decade (news.aamc.org).
This overarching title includes jobs such as electricians, masons, carpenters, plumbers, welders, plasterers, and bricklayers (ManpowerGroup.com). According to Career Education Colleges and Universities, we can expect to see an increase of almost 86,000 electrician positions by 2024 (www.career.org). Many attribute this shortage to the retiring of Baby Boomers and the slow speed with which younger generations replace them.
Within the next ten years, 2.7 million manufacturing employees are expected to leave the workforce (forbes.com). Perhaps this is why Ed Monser of Emerson claims that there will be six million open manufacturing jobs in the next three or four years (wdtn.com). The reason for this shortage is like that of skilled trades: while Baby Boomers are retiring in droves, the younger generations are choosing other career options.
One of the acutest shortages within this general field lies in cybersecurity. According to Harvard Business Review, the international market can expect “more than 1.5 million unfilled positions by 2020.” By the time the 2016/2017 ManpowerGroup Talent Shortage Survey was published, IT Staff was already ranked number two in the “hardest skills to find” category (manpowergroup.us). Most experts admit that this shortage is likely to increase in the coming years.
According to ManpowerGroup, other scarce workers might include sales representatives, engineers, accounting and finance, technicians, drivers, management, and office support.
If you’re a recruiter or employer, and your industry was just listed, it’s time to get to work. In this market, talent is your most valuable asset.
For those who already struggle or wish to prepare for the talent war ahead, Qualigence International is your support system. We participate in cross-industry, cross-generational, and cross-cultural recruiting so that the entire candidate pool is at your fingertips. We love taking on the most difficult projects; it’s what our clients hire us for.
Don’t let the talent war destroy your recruitment strategies. It’s time to fight.