Workforce Development for Economic Developers
Part 5: Strategies for Reducing Skilled Worker Shortages
There are three general areas for reducing Skilled Worker Shortages in a region: (1) Increase the skills of workers that reside in the labor market; (2) Reduce the out-migration of skilled workers; and (3) Increase In-Migration of Skilled Workers. There are many tactics that can be taken for implementing these strategies but most economic development organizations do not have the resources – time and funding – to undertake all the possible strategies to mitigate shortages.
Here are some of possible programs in each of the three areas:
Another approach that can be used to mitigate labor shortages is to automate in order to improve the productivity of the existing workers.
To address the shortages, a team of key business leaders, educators, workforce developer, and economic developers should be formed. This group will be responsible for developing and implementing an action plan.
In Part 6 of this series, we will outline the process to develop a Strategic Roadmap for Workforce Development. The Roadmap will be a comprehensive planning process that will include the items that were presented in Parts 2 through 5 of this series, Workforce Development for Economic Developers.Next Previous