With over 450,000 jobs expected to be added statewide by 2022, it is important that employers maximize training, increase leadership capacity, and optimize educational benefits.
While this growth is promising, the Employer Associations of America (EAA) 2018 National Business Trends Survey states that 68 percent of employers report an escalating difficulty in recruitment, citing a lack of available candidates (59 percent) and market competition (40 percent) as their primary challenges. Top strategies to address recruitment challenges include filling jobs with existing staff who have potential to grow.
“With recruiting and retaining talent challenges facing businesses today, the ability for employers to creatively respond to the market conditions becomes essential, but it’s also an opportunity for businesses to differentiate themselves,” states Bruce Clarke, EAA Board of Directors Chair.
In preparing for 2018, companies report implementing the following measures to address both recruitment and retention challenges: investing in new technology (54 percent) and equipment (51 percent), increasing their recruiting emphasis (40%), and increasing their training budget (30 percent).
According to HRDive, one-third of workers feel that their job skills will not help them earn a promotion at work in the near future, while 45 percent of workers believe that company-provided development programs are not applicable to their day-to-day job needs. Instead, nearly one-quarter of employees said that they consider online training and certification from a third-party source to be the best avenue for career skills development.