Addressing the Growing Skills Shortage in the U.S.

Texas - September 5, 2024 - The United States is experiencing a significant skills shortage across key industries such as technology, construction, healthcare, and manufacturing. Nearly 87% of companies are reporting a skills gap [https://hiring.monster.com/resources/blog/future-of-work-2021-summary/], with businesses struggling to fill essential roles, particularly in areas requiring expertise in emerging technologies like artificial intelligence and cloud computing.

A recent study projects that by 2030, this gap could cost the U.S. economy up to $8.5 trillion due to lost productivity and unfilled jobs. The technology sector is especially vulnerable, with over 90% of organisations expected to feel the impact by 2026, potentially leading to $5.5 trillion in economic losses.

Small and medium-sized enterprises (SMEs) are facing the greatest challenges, as they lack the resources to compete for the limited pool of skilled workers. To mitigate the effects of this shortage, companies are increasingly turning to innovative strategies to attract and retain talent. Flexible work options, remote working, and employee development initiatives are becoming key tools for businesses looking to remain competitive.

Employer certifications, such as the Top Employer Seal from the US Institute for Quality (USIQ) [https://www.usiq.org/], are gaining traction as a way for businesses to demonstrate their commitment to high standards and employee satisfaction. These certifications help companies stand out in a crowded labour market and improve their appeal to potential employees.

Further information on how certifications can support talent acquisition strategies [https://www.usiq.org/blog/] can be found on the USIQ website or by contacting them directly.

Further Information:

USIQ United States Institute for Quality LLC

2025 Guadalupe Street, Suite 260

Austin, Texas 78705

Phone: +1 302-565-0498

Media Contact
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Contact Person: David Holly
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Country: United Kingdom
Website: http://www.usiq.org



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