Many people are usually skeptical of career training programs. They feel that if jobseekers outnumber available job positions by 5-to-1, it won’t matter what training program you complete. At the end of the day, you’ll still end up with a 20% chance of landing a job.
Why bother in the first place?
Today’s job market is much more than jobseekers outnumbering available jobs. Many sectors are already oversaturated with applicants, yet there are other fields having problems recruiting employees because of mismatched worker skills. Many jobs lie vacant because of this. Sectors having this problem include healthcare, technology and renewable energy.
The job-training plan of the government is to provide training programs aimed at these in-demand growth areas. People who undergo training will have better chances of finding employment. According to the statistics of the Labor Department, this new approach looks very promising. As it stands, laid-off workers who received training from 2007 to 2008 were able to find employment a year after completing their programs. Moreover, statistics also show that laid-off workers who received training tied directly to the needs of in-demand growth areas earned 29% more two years after program completion compared to workers who didn’t receive training.
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