How to Capitalize on the Skilled Trade Shortage

Skilled trades have become an excellent alternative to regular degree jobs. However, the skilled trades industry is proving to be one of the hardest hit by worker scarcity. As labor markets strive to rebound from the impacts of the pandemic, a talent shortage of historical scale has catalyzed. 75% of companies have reported talent shortages and difficulty hiring – a 16-year high. The skilled trade shortage is a major concern with employers struggling to recruit, train and retain qualified workers within several industries including manufacturing and construction. A 2018 report found that skilled trade positions such as mechanics, electricians, welders,