When half the workforce retires… The U.S. workforce in 5 years

Utility companies in New Jersey are experiencing the phenomenon of recruitment in the face of their senior leadership retiring. According to recent statistics, half of the workforce retiring in the next 5 years will put a similar strain on the U.S. workforce.

Luckily the local utility companies in this example put good industry-college relationships in place. These companies recruit 90% of the graduates of nearby community colleges, where pertinent engineering skills are taught. Students win when their program directors and deans communicate the needs of local industry into syllabi of their majors, and the industries benefit through hiring well-trained talent.

It’s this picture that modern academia must implement, in order to stay current, but it’s also contingent upon industry to reach into colleges, and cultivate the talent they need. What I believe that large firms will find, is that colleges are hungry to get their inputs.

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About stefan bund

Founder of Next Acropolis. MS in Information Systems and Technology, Claremont Graduate University... Background in software engineering and teaching.
This entry was posted in campus recruiting, industrial relations, labor market, public utilities. Bookmark the permalink.

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