What Will Happen to the Workforce When the Baby Boomers Retire?

FAN9015298With the STEM skills gap being an ongoing topic of discussion and concern for employers and employees alike, little attention has been given to the issue of another type of skills gap: the vocational skills gap. This gap will inevitably spike in the next 10-15 years as a result of the baby boomer workforce generation retiring in larger numbers. As Millennials and younger generations begin to take hold of the majority of today’s workforce, the STEM skills gap won’t account for the only growing void in skill sets. Our infographic provides insight on which skilled trade jobs will feel the most impact from baby boomer retirement and how to ensure these gaps are filled.

As of July 2014, there are a recorded 6,041,000 construction jobs in the U.S., 12,160,000 jobs in manufacturing, and as of 2013, there were 258,630 U.S. jobs in mechanical engineering. These positions spiked as the United States first began to develop into the nation it is today, and the majority of these jobs today are filled by members of the Baby Boomer generation. Today, the majority of Millennials seek out jobs in health, business, media, and science and technology. This tendency for younger generations to seek out non-labor careers is one that isn’t expected to decline. With this evidence, the labor industries will inevitably face a large skills gap in the potentially near future. As Baby Boomers begin to retire more rapidly and younger generations continue to seek out jobs that are unrelated to labor-intensive work, the question remains: who will replace these employees?
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STEM skills essential to driving innovation

An analysis of each state was recently conducted by Bloomberg Rankings on the focus of several innovation factors, including: the number of STEM workers, research-and-development spending, the percentage of public tech companies, and patent approvals. Based on those and other factors, Washington was named the most innovative state in America.

Check out this infographic and learn why Washington is currently ranked as the most innovative state in America!
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Is Corporate Charitable Giving On the Rise?

Social Image 1Almost everywhere you go, you can find evidence of corporate charitable giving. On the bricks carved with a company’s name on the exterior of a popular museum to the plaques hanging in most children’s hospitals, it’s evident that businesses are giving their time and money to organizations that desperately need it.

But just because you see evidence of corporate charitable giving, does it mean that there is an abundance of it?

At first glance it appears that corporate donations have grown significantly.  For example, in the last 30 years corporate contributions have increased from $3.6 billion to more than $18 billion in 2012.  This is an impressive statistic, right?

Perhaps not. According to “Giving USA’s 2013 Annual Report on Philanthropy”, approximately 72% ($223 billion) of all charitable giving was done by individuals and families, while corporate giving accounted for only 6% ($17.6 billion). Another statistic considered a good barometer for measuring corporate charitable giving is percentage of pre-tax profits donated. It’s here you really begin to see the drop in the numbers. In 2012, corporate donations measured by pre-tax profit percentages fell to a lowly .8% from its peak of 2.1% in 1986. In the last ten years alone contributions have dropped by half.

While the pre-tax profit percentage statistic is staggering, there are indications that corporate charitable giving is on the rise. The improving U.S. economy, a strengthening job market, and the emphasis many businesses have been putting into company culture have been encouraging. As a result, in 2012 corporate contributions increased 12% from the 2011 totals.
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Hiring for STEM skills in the New Year – Don’t wait

STEM skills worker in the fieldAs we near the end of 2013, is your 2014 workforce in place?  If you haven’t already, get a head start on recruiting for your current and projected 2014 hiring needs, especially if you’re recruiting employees with science, technical, engineering and mathematical (STEM) skills.  One of the most difficult challenges facing companies is the severe and growing gap in professionals with STEM skills.

To learn more about the STEM skills gap and its source, view our new infographic.

Recruiting for STEM jobs

Skilled STEM workers are particularly difficult to find, so we’ve compiled a list of recruiting strategies you can start using now to have your hires ready for January 1, 2014. 
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Gen Y can’t I get a job? [infographic]

More than 1.5 million Americans will turn their tassels and flip their caps at college graduation ceremonies this year. After they step across the stage and collect their diplomas, many will be looking to take the next step in their lives – starting a career.

According to our recent survey of 500 hiring managers across the country, the majority of hiring managers (66 percent) do not believe new college graduates are prepared for the workforce, and 58 percent don’t plan on hiring entry-level college graduates this year.

The Adecco infographic below explores why today’s grads have a hard time finding jobs and what they can do to overcome some of  mainstream media’s harshest millennial myths and criticisms.
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