Question

In: Economics

Today the United States has unemployed people who began as cyclically unemployed during the recession but...

Today the United States has unemployed people who began as cyclically unemployed during the recession but have since become structurally unemployed because their skills have become obsolete. How important is the idea of remaining up-to-date on training and skills in the work force? Is there a certain industry that requires skills to be current?

Solutions

Expert Solution

Businesses today do everything possible to stay competitive and maintain a highly skilled, motivated staff. Despite of competitive job market, employees often hesitate when it comes to search for a new job if they become unhappy with their current employer. In order to keep employees satisfied, boost morale, and remain competitive, employers need to be aware of the need for continual employee training and education. Employee training not only provides benefits to the individual, but also to the businesses. One of the most important reasons to offer further training and education to employees is to ensure that work skills stay current. Keeping employees up-to-date with software applications and ways to improve efficiency are all necessary to compete with the competitors. Training is also an excellent way to retain the best employees.

Keeping our skills current is one of the most important way to do our job well and stay on top of changing demands of the workplace. It also helps us to prepare for new opportunities and to keep our job in a difficult economy. Learning new skills can be stimulating and motivating. In addition strengthening our skills help us to build confidence, stay flexible, more efficient and productive, becoming more valuable to our employer, make a big contribution to the team, etc.

There are many industries that require skills to be current such as Technology, Healthcare, Engineering, Biotech, Manufacturing, Construction, etc.


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