New Reports Find Smaller Businesses Having Trouble Filling Skills Gap

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Two new reports have found that owners of small- to mid-sized businesses are having a tough time finding applicants with the right qualifications on their resumes to fill a growing number of job openings.

A PNC Financial Services Group survey found that 45% of small and medium sized companies said their labor requirements are higher than in the recent past, and that a shortage of skilled labor is an obstacle to growing their business. Most companies said they need qualified workers with computer, technical and communication skills, according to The Wall Street Journal.

It is a significant issue if people are not being trained for the jobs that exist and, perhaps more to the point, the jobs that are evolving, because then our economy and nation are in real trouble, Taylor Reveley, president of The College of William and Mary, said in another study sponsored by Corporate Voices for Working Families and Civic Enterprises.

The study found that 75% of job openings in the next decade will require at least some postsecondary education.

According to the Bureau of Labor Statistics, professionals with a postsecondary degree on their resume can earn $1,000 more per week than those with some or no college education.

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