Sat. Jul 20th, 2024

How apprenticeships promote diversity in the electrical industry

By Vaseline May30,2024

Electricians are being highlighted in a number of new studies examining the increasing challenge of finding enough workers in the skilled trades.

New research from McKinsey & Co. The increasing shortage on the labor market in skilled professions places electricians at the top of a list of professions that employers will find difficult to fill in the next ten years. And new research commissioned by the U.S. Department of Labor on the role of apprenticeships in promoting diversity in construction finds that electrical engineering apprenticeships have by far the highest enrollment and lowest starting wages, but an unexpectedly strong representation of women, blacks and Hispanics.

Both studies speak from different perspectives to the construction industry’s growing unease about the ability to recruit, replace, hire and retain qualified workers.

The McKinsey report focuses on a mix of new job openings, retiring employees, job/career changers, loss of experienced employees and recruitment/training challenges. all-consuming work. Based on an analysis of U.S. Bureau of Labor Statistics data, McKinsey predicts that the number of annual hires for these positions will average nearly 585,000 between 2022 and 2032 – about 22 times more than the projected annual net new jobs average of 26,600.

“This extraordinary turnover could cost companies more than $5.3 billion per year in talent acquisition and training costs alone,” the report said. “The additional lost productivity as new talent is brought up to speed could be significantly greater.”

It identified electricians as a skilled role that is likely to suffer from relatively high turnover. By 2032, an estimated 812,000 electricians will be employed, up from an estimated 763,000 in 2022. But by that year, only 72,000 will have worked continuously in that role as of 2022. The number of pensioners needing replacement will be 230,00, while there are 460,000 places. will need to be constantly filled due to job and career changes. The net new jobs will be 50,000. A total of 740,000 jobs will result from new recruitments (figure 1).

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