TVET: Coping Up with Skills Shortfall

2007-03-08 10:33:40

( Business )



You just earned your degree from your college or university. You stepped out of the hall of that place for the first time and realized that you are in your own now for real. You are now one of the candidates in the job market, taking time to impress supervisors and executives to hire you and that you are the RIGHT one for the job. After all the hassles, you will find out that you are not qualified enough to handle the job. After ten times or a thousand times, you still didn't able to land yourself on one decent job and now you are desperate as you accepted a low paid job. This is one scenario of a regular jobseeker.

Companies have a difficulty too in hiring a potential employee. They might be either lacking in experience or education background. Thousands of dollars has been allocated to invest to just the right ones.

With these two different perspectives, this contributes to the increasing dilemma of skills shortfall in various industries in each country. Europe has experienced a great demand for IT workers. Canada and the US are also in need for teachers, doctors and nurses. With this magnitude of skills shortfall, government and private sectors has pushed to open their country to foreign workers through legislation and job advertisements abroad. But why is this happening?

With this current trend in the employment sector, there has been a widespread belief that worker's skills and education is inadequate to meet the job demands in the current economy. From the number of graduates entering the labor market, only a percentage is hired. Companies have to spend more for their training. Economists perceived this as the imbalance of the supply and demand of human capital. This will affect the general condition of their economy.

In order to cope up with the increasing shortfall of skills, technical and vocation educational training has help countering the undesired effects of this shortfall. This includes short courses in IT training and vocational training. Success in employing this training lies on the constant monitoring of its graduates in the labor market. Still this method is still at an initial stage and has to be improved in delivering quality workers to target industries.

For jobseekers, invest in yourself by acquiring more skills in order to be more marketable. For companies, support workers' career growth at a less expense through TVET courses. In the end, both will benefit from this system and much more for the nation.


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