Skill shortages exist when employers have difficulty filling job vacancies or specialised skill needs at current levels of remuneration and conditions of employment. Skill shortages generally involve skills that require a significant period of training and/or experience.
Global competition and new technology have not only changed the type of skills demanded by businesses but also impact on skill formation.
- Skill training programs need to be continually developed and adapted to meet rapidly changing skill requirements
- Existing workers need to upgrade and renew their skills
- New entrants to job markets must come prepared with recognised qualifications.
This helps to explain the skill shortage problem, as it is difficult for businesses to train workers quickly enough to meet new skill requirements.
Contact an Industry Liaison Officer (ILO) if you wish to discuss skill shortages in your industry.