Saturday, August 24, 2019

Skill Gaps In Health Sector

There is a lot of talk these days about a skills gap, but in fact, there is no evidence that a disconnect between employers and job seekers is growing in the economy overall. Unfortunately for healthcare though, such a gap appears to exist in that sector. Indeed data show that healthcare job seekers are less well-matched with opportunities in the field than job seekers.


Information:

A critical skill is one that, if not present, results in a task not being completed satisfactorily, if at all and the lack of a critical skill causes problems, but the possession of it allows work to continue.

The skills gap is threatening the country’s sustained economic growth and limiting opportunities for struggling workers. This is not the only challenge we face. Inadequate aggregate demand is the primary driver of unemployment and trends such as declining wages for entry-level jobs contribute to income inequality. We need solutions that address all these issues.

While millions of people are looking for jobs, employers report that they are struggling to find skilled workers. As a country, we need to address the question of whether we can afford… to write off nearly half of our younger-adult population as not having the skills needed to effectively engage as full and active participants in their own future and that of our nation.

Around the world, employers, educators, policymakers, training organizations, and others have recognized the critical importance of tackling the skills gap. Helping people develop the skills they need to compete for today’s jobs can transform lives and strengthen economies.

While we clearly foresee skill gap being a major contributor in hampering the efficiency of overall system, we need to think on the following proposed solutions to reduce the size of the problem immediately.




Whats going on?

The healthcare gap is particularly hard to close because of the specific skills and certifications required to become a healthcare professional. You can’t become a nurse overnight. Years of preparation are required before someone can be hired. This contrasts with tech, for example, which has few licensing requirements and a lower mismatch between employers and job seekers than either healthcare or the overall economy.

Of course, every sector has some segments where it’s easy to find workers and others where employers struggle. For healthcare, roles like nursing assistant, medical assistant, and dental assistant have more job seekers than job postings. But employers have a hard time filling positions that require years of training, such as many kinds of nurses, physical and occupational therapists, and speech-language pathologists.

Significance:

As noted above, healthcare employers must scramble more than their counterparts in other sectors to find workers, in part because of strict licensing requirements. Healthcare occupations have the highest percentage of licensed workers, according to 2015 BLS data. For example, registered nurses must be licensed and get specialized training for sub fields. Licensed practical nurses are required to complete an approved educational program and pass a national exam. And, to practice, speech-language pathologists typically need at least a master’s degree and, in most states, a license.

Of course, no one is advocating that regulations designed to protect patients be lifted in order to make it easier to find healthcare workers. These requirements underscore the importance of these jobs, and how vital it is to have skilled, knowledgeable professionals practicing in the field. Nonetheless, healthcare mismatch may have a greater impact on the economy as the sector grows. Employers need to find ways to close the gap, such as by investing more in training. Healthcare is not merely a large and growing part of our economy. It plays a unique role in society, one that will only become more critical as the population ages. Despite the challenges facing the healthcare labor market, it is essential that we do a better job of getting the right people in the right healthcare roles.

Strategy:

To quantify mismatch, we looked at resumes to compare job titles of job seekers from their current or most recent employment with the titles of Indeed job postings. The data is organized as monthly counts of job postings and resumes mapped to one of 6060 normalized titles. Employers use tens of thousands of job title variations to describe roles, so we normalize them by grouping together titles with slight variations. For example, the normalized title “licensed practical nurse” groups variations of that title plus the acronym LPN. We did not include resumes or job postings if the job title did not map to a normalized title. The healthcare sector is defined as a subset based on 562 normalized titles that can clearly be classified as healthcare. Both mismatch and jobs mix change are measured using a standard dissimilarity index. For further details, see our previous posts on tech mismatch from February of 2018, on overall mismatch from September of 2018, and the associated methodology materials.


Disclaimer: Following article sources are Hiring Lab & Economic Times.

Sunday, August 18, 2019

What is Skill Gap?

Skill Gap is the difference in the skills required on the job and the actual skills possessed by the employees. Skill gap presents an opportunity for the company and the employee to identify the missing skills and try to gain them.


It is common these days to hear people talking about skill gaps. A skill gap is a gap between what employers want or need their employees to be able to do, and what those employees can actually do when they walk into work.



Skill Gap Analysis:


Identifying skill gaps is essential for the companies to ensure that the workforce is well trained, knowledgeable & better equipped to perform the job. An Employee Skill Gap analysis helps achieve the following objectives:

1. Helps one refine and define skills the agency needs, now and in the future

2.Make employees aware about the critical skills they’ll need to grow

3. Helps in recruiting efforts when current employees don’t have the skills or the interest

In terms of banking, an example of a skill gap could be if an employee lacked the ability to cash government bonds.

Example of Skill Gap:


If a job role requires an employee in technology company to know a programming language and a database and the employee knows only one language. This means there is a gap in skills. The employee can improve this by learning the missing skill.

Skills gaps are imaginary. Just because a hiring manager says that they want a person who can fly and sing Italian opera while they're writing code does not mean that such people exist, and certainly not for the designated salary. Strong leaders operate in the real world.

Skill Gap Solutions:


There are several ways in which employee skill gaps can be reduced thereby benefiting the organization. Some solutions for skill gap are:

1. Better training of employees so that they acquire the required skills to complete a particular task

2. Skill gap can be reduced by exposing employees to better resources & help them improve their knowledge

3. Hire a third party which has got the required skill to execute the job

4. Recruitment and selection of better skilled employees can remove the skill gap as a long term perspective

Hence, this concludes the definition of Skill Gap along with its overview.


Disclaimer: Following article sources are mbaskool & Forbes.



Thursday, August 15, 2019

Best Paying Tech Jobs In India

India’s booming IT scene is creating a wealth of high paying opportunities, according to a new study identifying the country’s five most lucrative tech professions right now.

The new report from jobs site Indeed found that technology roles in India have grown consistently over the past five years, as more companies are expanding their IT capabilities. What’s more, employers are willing to pay well for top talent who can lead the way, particularly in the fields of development, analytics and data.

Technology jobs in India increased by 8% in the five years from February 2014 to February 2019, the study found, based on posts to its jobs site. In the past year alone, technology job postings on the site shot up by a dramatic 31%.

The majority of jobs were concentrated in the vibrant tech city of Bengaluru (25%), followed by Pune (9%), Hyderabad (8%), Chennai (7%) and Mumbai (5%).


“Job seekers, therefore, must continuously up skill themselves in order to enhance their career prospects for the long run.”


1. Data warehouse architect

Median annual salary: 1,500,000 Indian rupees (approx. $21,110)

Upper annual salary: 2,500,000 Indian rupees (approx. $35,228)

In computing, a data warehouse — also known as an enterprise data warehouse — is a system for reporting and analysis, which is considered a crucial aspect of business intelligence.

A data warehouse architect is responsible for designing such data warehouse systems and improving existing ones to support businesses.


2. Senior technical lead

Median annual salary: 1,200,000 Indian rupees (approx. $16,909)

Upper annual salary: 2,500,000 Indian rupees (approx. $35,228)

A technical lead is a common role within the field of IT development, and typically involves designing and building complex software solutions.


3. Analytics manager

Median annual salary: 1,150,000 Indian rupees (approx. $16,207)

Upper annual salary: 2,400,000 Indian rupees (approx. $33,828)

With the ability to analyze and assess complex data sets, analytics managers combine their technical skills with industry knowledge to help businesses with their decision making processes.


4. Technical project manager

Median annual salary: 1,000,000 Indian rupees (approx. $14,096)

Upper annual salary: 2,400,000 Indian rupees (approx. $33,828)

A technical project manager is responsible for leading assigned projects, and overseeing each project’s life cycle from conception to completion, with an emphasis on technical soundness and resource efficiency.


5. Lead developer

Median annual salary: 1,000,000 Indian rupees (approx. $14,096)

Upper annual salary: 2,400,000 Indian rupees (approx. $33,828)

A lead developer is a software engineer with responsibility for one or more software projects, which may range from app development to program creation.


Disclaimer: Following article source is CNBC