The Skilled Labor Shortage: A Chilling Reality
ADTC knows firsthand how difficult it is to find skilled employees. We hear it every day. Recently, our Founder and CEO was talking to a friend of who invests in construction, electrical, and plumbing companies. “These guys are all selling because they can’t take it anymore.” “Take what?” Tim said. His friend replied, “They are getting out of the business because they can’t handle the frustration. They can’t service current customers and they can’t grow their businesses and they know it’s only going to get worse.”
Due to a lack of skilled trade workers, there are 430,000 open construction jobs in the U.S. alone, and demand is projected to rise at 5% year over year for the next three years. This shortage has far-reaching consequences, affecting everything from the cost of services to the quality of work provided. In this blog post, we will explore the causes and consequences of the skilled labor shortage and share how ADTC can help solve your employment challenges.
Skilled Labor Shortage by the Numbers:
The Causes of the Labor Shortage
High turnover due to:
Misconceptions about the financial benefits of skilled trade jobs
Retirements outpacing new talent
Lack of Development
U.S. schools produce roughly 10,000 techs a year while demand for skilled technicians continues to rise.
In order to fill these demands for new skilled trade workers, we must be innovative in the ways that we find and train new talent. ADTC has a proven track record of finding and filtering high-potential candidates and reducing training times and costs.
How do we do it?
Recruit Unskilled, High-Potential Candidates and Train them: Using our TechBuilder process, ADTC will work with you to identify your needs, we will build a unique recruitment campaign to find new talent, we vet the candidates, and pass along candidates with the right attitude and the right aptitude.
A New Approach to Training Technicians: ADTC trains an entry-level skilled technician in six weeks, using a proven, proprietary three-part training program. We combine our adaptive learning technology with classroom instruction and hands-on training, cutting the learning time by 75% and getting your new hires on the job quickly.