Bosch Tools Construction Trade Skills Gap Infographic

Bosch Tools Construction Trade Skills Gap Infographic

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  WHAT’S CAUSING THESKILLS GAP? The post-graduation plans for high school students are not aligning with current job availability. 28%Entering a 4-year college 32% Entering an associate’s degree or advanced training program Will lack the skills needed for employment 10% 30% Dropping out of the system before completing high school POST-GRADUATION PLANS 20% Require minimum skills or employment15% Require a 4-year degree 65% Require an associate’s degree or advanced training CURRENT JOB AVAILABILITY VS VS VS HOW AGING WILL CONTINUE TO CREATE A GAP How Employers Believe the Skills Gap Will Affect Their Businesses Reduced ability to serve clients 43% Reduced competitiveness/productivity 43% Increased employee turnover 32% Lower employee engagement/morale 32% Higher compensation costs 32% Reduced innovation/creativity 22% SKILLED TRADE WORKERS TECHNICIANS SKILLED ENGINEERS IT’S ALREADY HAPPENING The hardest jobs to fill over the last 10 years: The hardest jobs to fill in 2015 alone: MACHINISTS LABORERSMECHANICS Feel that it will hinder their ability to implement new technologies and increase productivity Of companies surveyed on the topic believe that this skills gap is going to affect their ability to meet customer demand 82% 78% 21% of skilled workers are age 55 or older. 29% of skilled workers are between the ages of 45-54. Industry estimates predict that there will be a shortage of 1.6 million workers by the year 2020. 6M 4.5MThe number of U.S. commercial construction workers in 2008 The number of U.S. commercial construction workers in 2015 THAT’S A 25% DECREASE 25% WE’RE GETTING IN ON THE ACTION To date, the Bosch Community Fund has donated more than $1.5 million to support STEM, eco-STEM and technical college programs in 17 U.S. communities. Tools have also been donated to help high schools with their shop programs. As a sponsor and content provider to BeThePro.com, Bosch provides support to help tradesmen guide and mentor students, learn about job shadowing and fellowship opportunities, and explore options for educational classes and trade school recommendations. This annual competition aids the development of America’s skilled workforce. Bosch is an official and financial partner that donates tools and thousands of dollars yearly in support. Through live in-person sessions at the Bosch Power Tour and supplemental online training, Bosch helps educate both current and prospective tradesmen on construction safety, proper tool use and much more. FIXING THE SKILLS GAP Through the right educational programs, we can help to ensure that there are enough skilled workers to meet the demand for them. Training Partnerships Manufacturers and educators working together to create training programs for students 2-Year Colleges/ Trade Schools Outreach to encourage more students to attend institutions where they learn specific trade skills Mentorship Programs Pairing individual students with skilled workers to learn about specific trades Apprenticeships Students working on-site with skilled workers to learn their chosen trade COMMUNITY FUND POWER TOUR BRIDGING THE SKILLS GAP The skills gap can be fixed, but first, let’s dive into the facts.* Over the last 30 years, industries that employ skilled workers have seen a sharp decline in the supply of qualified employees. Today, almost half of all general contractors in the U.S. are concerned about a shortage of skilled craft workers due to a lack of knowledge and experience. Compiled by Bosch Tools, a market-leading innovator in power tools and accessories dedicated to enhancing safety and productivity for construction workers. www.boschtools.com ©2016 Robert Bosch Tool Corporation *Sources: www.workforceunderconstruction.com/featured/the-skilled-labor-shortage-from-4-perspectives/ www.SkillsUSA.org/wp-content/uploads/2015/04/SkillsUSA-Annual-Report-FY14.pdf www.AdeccoUSA.com/employers/resources/Pages/skilled-trades-in-demand.aspx Workforce 2020: Work and Workers in the 21st Century www.ManPowerGroup.us/campaigns/talent-shortage-2015/ www.BLS.gov/opub/mlr/2013/article/occupational-employment-projections-to-2022.htm