Here is an interesting post that appeared on HROnline-
Career interest from high schoolers graduating this year is much lower than the projected job openings in the five fastest-growing industries for 2018. But how can companies even address a potential labor shortage when unemployment is currently so high?
By Jared Shelly
These days, a graduation procession can seem like less of a celebration and more like a march toward a jobless abyss.
But eight years from now, companies may be once again fighting it out for top talent.
The job openings for 2018 requiring a two-year degree (projected by the U.S. Bureau of Labor Statistics) don’t match the career aspirations of 2010 high-school graduates, according to the College and Career Readiness Report by Iowa City-based ACT Inc., which administers the ACT test, a college-admission exam similar to the SAT.
That mismatch may mean an eventual lack of workers in a variety of different industries.
For example, the BLS predicts that 16 percent of all job openings in 2018 will be in education, but just 9 percent of 2010 graduates in the ACT study indicated an interest in that field.
Similar disparities exist in computer science (11 percent of projected job openings vs. 2 percent interest from 2010 grads); marketing (8 percent vs. 2 percent); community service (9 percent vs. 4 percent); and management (9 percent vs. 7 percent).
But is an eventual labor shortage even possible, given the recession and the current 9.6 percent unemployment rate?
“It may seem strange to you that, given the situation we’re now in, that we will have these types of shortages, but as a futurist, it doesn’t seem strange to me,” says Joyce Goia, president and CEO of the Herman Group, based in Austin, Texas.
Even today, despite the recession, there are “pockets of crisis” where some industries are having trouble finding qualified workers, says Goia, especially engineering and healthcare professionals.
Steve Robbins, vice president of ACT, adds that workers eligible for national-security clearances are also in high demand now and will continue to be in the future.
“If I were a scientist, engineer or a computer scientist eligible for a national security clearance, there are more jobs than people,” Robbins says. “People who carry high skills are not going to be out of work.”
Rich Moran, vice chairman of the board at consulting and executive-search firm Accretive Solutions in Melville, N.Y., puts it even more bluntly.
“There has always been a war on talent and always will be a war on talent,” he says.
The labor gap projected by ACT is spawned not just from a lack of interest by high-school graduates, but also by a lack of readiness as they enter college.
Fewer than half of the 2010 high-school graduates interested in any of the five fastest-growing careers projected for 2018 met the college readiness benchmark in English, math, science or reading.
“It’s pretty tough to be a computer-information specialist if you can’t meet the benchmark-attainment goal in math,” says Robbins.
Goia says that HR and membership organizations trying to bolster interest in their careers should follow the lead of Trade Up For Success, an association dedicated to promoting trade careers in Canada. The organization has been active at job fairs and has created videos showing the benefits of trade careers.
“I think there’s a great opportunity for industry associations to create a promotional campaign,” says Goia. “That’s what we’re going to need here in the U.S. to encourage young people to become computer scientists or teachers.”
Experts agree that HR executives and company leaders should also combine with educators to help steer students toward fast-growing careers.
“Educational systems need to systematically intervene early on with their students to start the career and educational-planning process — sixth grade [at] the latest — so that students start the exploration process,” says Robbins. “They [can help students] connect their educational goals with their college and work goals.”
Rusty Rueff, career expert and board member at Sausalito, Calif.-based Glassdoor.com, agrees that companies — especially popular ones — can rally kids toward technical careers.
“The Apples and Googles of the world would be great companies to be down at that sixth-grade level talking about what it means to [work] at a company like Apple or Google,” says Rueff.
If students aren’t interested in certain careers or aren’t qualified, he warns, companies won’t be waiting around — they’ll look to hire foreign workers that have the interest and skills to do the job.
“It’s impossible to think — if there is this gap — that we’re just going to sit still for a decade and [say] ‘we’ll just wait for everybody to catch up,’ ” says Rueff. “That’s not capitalism.”
November 4, 2010