In certain cities, there are many professionals of a certain type, and not enough positions available for that type of professional. In other cities, there are too many positions available of a particular type, but not enough professionals in that domain. This is an imbalance of worker supply to worker demand, with the imbalance level that differs based on region. One solution is to address skills gap with industry and academia partnerships.
To address the concern mentioned above, a part of the solution to the ‘skills gap’ problem could involve a partnership between industry and academia. For many years, universities and colleges have not taught up to date job related training as part of their programs. In addition, many businesses have focused on short-term gains, and have not invested in training a new generation of workers. The fact that there has been a reduced investment into the workforce development may have been overlooked. On many occasions, both society and business have not dealt with this reality. Many employers have chosen not to invest the time to update entry-level workers to a professional capacity. Since this is the case, and since there is already a large educational apparatus in place, would it not make sense for the educational establishment to adapt their programs to fill in this need? For example, educational institutions could meet labour force demand requirements, by altering the enrolment numbers so as to match industry requirements and fundamentals. In short, in some locations, society needs to boost the number of graduates with advanced technical proficiencies relative to non-technical proficiencies. In addition, society could restructure education so as to provide for the training of individuals for applied job related tasks. Lastly, society needs people trained and ready to go with complex job skills suited to their industry, and they need them in the appropriate numbers.
Partnerships between business and educational institutions are necessary. Educational institutions can redesign their courses to keep up with changes in industry, but they can only do this with consultations and input from industry. Therefore, partnerships are necessary. Business and educational institutions must be open to working together on the design of programs that can address the needs of industry. Co-op and internship program scale needs to be expanded. In addition, once the students graduate, companies need to be open to hiring such inexperienced graduates, and then open to investing in some real world on the job training for them. This will adjust the mismatch between supply of workers to a job and the demand for workers to a job. And it is more likely that a person will stay with a company, if that was the company that was responsible for removing a significant professional development barrier for that individual.