Business Trends

ASTD Report – New Factors Compound the Growing Skills Shortage

/ SupremeCmdr / Leave a comment

February 2010 Bridging Skills Gap – Free – ASTD

Click on the link above and you’ll be taken to the original source article for the statistics provided below.  The charts themselves came from a newsletter called Workforce Training.  The percentages in bold are my emphasis.  Scary statistics but fixable.

Did I mention we conduct skills gap analysis and custom training to address the gaps?

SKILL GAPS
 Seventy-nine percent of 1,179 companies surveyed by the American Society for Training & Development said they had a skill gap. The respondents listed their highest priority gaps as:
Skills of the current workforce do not match changes in company strategy, goals, markets or business models: 51%
Not enough bench strength in the company’s leadership ranks: 40%
Recent merger/acquisition where the organization brought in new employees or current employees are not up to speed on the new industry: 35
Training investments have been cut or there is lack of commitment by senior leaders to employee learning and development: 27
When hiring for certain types of jobs, there are too few qualified candidates (i.e., a gap in the pipeline): 25%
Lack of skilled talent in one or more of the company’s lines of business: 21%
Source: “Bridging the Skills Gap,” American Society for Training & Development, 2009
WHERE THE GAPS ARE
 The same companies listed these as their greatest skill needs:
Leadership/executive level skills: 50%
Basic skills (traditional building blocks of business-level competencies): 46%
Professional or industry-specific skills: 41%
Managerial/supervisory skills: 31
Customer service skills: 31
Communication/interpersonal skills: 31
Technical/IT/systems skills: 30
Sales skills: 30
Process and project management skills: 20
Other: 43
Source: “Bridging the Skills Gap,” American Society for Training & Development, 2009

Another View of the War in Mexico

/ SupremeCmdr / Leave a comment

Business owners and investors!I’ll be in San Antonio for the annual AHOU meeting.

I’m looking forward to seeing how the city has changed since my last visit.

Who’s creating US jobs? Mexicans. / The Christian Science Monitor – CSMonitor.com

“In fiscal year 2008, the US issued E-1 and E-2 visas to 1901 Mexicans and their families, nearly three times the level of a decade before. “

Where are all of these Mexican immigrant investors going? San Antonio!

Lehman Brothers Holdings Inc. Chapter 11 Proceedings Examiner’s Report

/ SupremeCmdr / Leave a comment

Examiner’s Report – Lehman Brothers Holdings Inc. Chapter 11 Proceedings

The Lehman Brothers Holdings Inc. Chapter 11 Proceedings Examiner’s Report can accessed through the link above.

While not exactly insurance or underwriting related I’m posting a link as a public service for readers who may be interested in downloading and reading some, or all, of this report.

Remote Work – Who Are Those Guys?

/ SupremeCmdr / Leave a comment

What are the Top 10 nations for online workers? / The Christian Science Monitor – CSMonitor.com

And the fastest-growing major economy for freelance work?

The United States. “We’re seeing a huge number of Americans come online,” says Brian Goler, vice president of marketing for oDesk. “More and more people are working this way.”

Perhaps they have to because of the economic downturn. Perhaps they want to.

Outsourcing v. Permanent Hires

/ SupremeCmdr / Leave a comment

Calculated Risk: Diffusion Index and Temporary Help

The thinking is that before companies hire permanent employees following a recession, employers will first increase the hours worked of current employees and also hire temporary employees. Since the number of temporary workers increased sharply, some people think this might be signaling the beginning of an employment recovery.

However, there has been some evidence of a shift by employers to more temporary workers, and the saying may become “We are all temporary now!”, so use this increase with caution. For more, including some cautionary comments from a BLS economist on using temporary help, see Tom Abate’s article in the San Francisco Chronicle.

The problem, of course, is the fact that temps and perma-temps are the first to be terminated at the beginning of a business cycle downturn and the first to be hired when the cycle turns back upwards.  If you’re a temp, that is.  Read the entire SF Chronicle article.  It’s a good, short read.