One of the most significant challenges facing many businesses today is the dire shortage of highly skilled workers. These shortages are reaching such alarming levels that business leaders and economic pundits believe the mismatch of supply and demand could hinder economic recovery. However, the following six steps have the potential to mitigate the effects of a skills shortage without increasing costs.
Knowledge transfer a must
In the natural resources industry, companies are faced with the daunting challenge of maintaining current production levels despite an industry-wide shortage of skilled workers. For example, the lack of college graduates specializing in mining operations
A workable solution to alleviate the stresses from the constricted talent pool
by Jon Wylie, COO Global Mining and Metals, Alexander Proudfoot
The shortage of skilled labour is now the second most critical issue affecting the sector. As companies, especially those in the emerging markets look to start new projects or ramp up existing ones, the severely constricted talent pool is increasingly putting projects at risk.
