4 Ways To Reinvest in Your Talent

Bruce is the founder of ProjectManagementHacks.com, a resource for growing IT project managers.

  Talent Management  

The Great Resignation has hit many workplaces around the world. In January 2022, the Economist reported two surprising signs of the current job market in the United States:

• Signing bonus for new truck drivers in Oregon: $30,000
• Major employers like Amazon and Wal-Mart offered to cover the cost of college tuition for employees.

The context for these developments is a significant increase in job openings. Total U.S. job openings in November 2021 were up 6.6% over the prior year, according to the Bureau of Labor Statistics. This is a golden opportunity to seek a new position in the short term.

Yet these unusual developments in the job market obscure a more critical talent management challenge. Simply put, there is an increasing mismatch between the skills that employers demand and the capabilities of current and potential workers.

The Top Drivers Fueling Today’s Skills Dilemma
The modern skills dilemma runs deep and is not going away soon. We need to understand several contributing causes for today’s environment.

1. Technology: Technology is the No. 1 contributor to today’s talent problems. For example, the boom in cloud technology has created significant demand for consultants, administrators and security staff. Further, cybersecurity is expanding because hackers are attacking more and more organizations.

According to IBM, “2021 …

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