A perfect storm hits the skilled workforce

A number of factors, not the least of which is the aging workforce, are converging to create the skilled labor crisis. Manufacturers can help ebb the flow by investing in their talent, but will they?

12/01/2008


The term “The Perfect Storm” was probably applied to the technical workforce during 2005-2006 timeframe. The expression is derived from the movie with the same name. However, the application is even more poignant today than it was at that time. The reason is that despite overwhelming evidence that immediate action is needed, relatively few companies have taken any steps to mitigate the severity of the storm.

The Perfect Storm
In the real-life event that led to the production of the movie “The Perfect Storm,” a series of weather events led to the storm. Similarly, in the creation of the perfect storm related to the technical workforce, a series of events have combined to produce the storm. These three events are: