Skills gap is a real issue that both staffing agencies and businesses of all sizes face. In an article from the National Association of Colleges and Employers, it references a report from the National Federation of Independent Businesses (NFIB) which states that 45 percent of small businesses were not able to find qualified applicants to fill job openings in the first quarter of 2017.
Whether you are a staffing agency trying to place qualified candidates or a company that is facing a skills gap challenge, there are things you can do to help fix the gap once it’s identified.
Many people attribute skills gap to the current education systems. The reality is that this is not always the primary cause. There are times when an employee is overqualified for a specific position, but still, a skills gap becomes evident. Aside from education, skills gap can be brought about by other factors like prolonged unemployment. At other times, the dynamic state of technology in many fields may prove hard to keep up with for many employees, which can cause a skills gap.
A skills gap reveals itself in many ways. To be able to solve it effectively, it is important that you determine what causes it. For instance, is the skill gap created by emerging trends or changes, or is it brought about by the loss of a skill that was once present in your company?
Create an inventory that takes note of the employee’s skills and strengths so you’re able to effectively tell what skills are present or missing. If you are in charge of a big company, running a survey can help collect this information much easier.
Once you have taken note of the skills your company has, it makes it easier to identify that important skills needed that the current employees cannot provide. Note down the particular skills you need to bring along.
It is imperative that employers address a skills gap as soon as it is evident. Any delays could end up affecting a company’s productivity. Here are ways you can fix the skills gap challenges.
Once a skills gap is identified and the reason for it, it makes it much easier to fix it. Fixing or filling a skills gap can help improve overall company productivity allowing your business to thrive.
TCI Business Capital provides working capital for staffing agencies through our invoice factoring programs. Instead of waiting for customer payment, factoring provides your agency with immediate funding so you’re able to make payroll with ease.