Sith_Mauler
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So why arent companies willing to train new hires anymore?
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8.3% unemployment rate, companies saying they arent enough qualified candidates to fill the positions, but many of these same companies have drastically cut training budgets during the downturn and now they still have no desire to ramp up training budgets.
some companies are being proactive but the many arent.
I guess they dont want those workers that bad.
story I just heard on cnn.
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combat_mage_sc
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So why arent companies willing to train new hires anymore?
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GOBAMACORNOMICS!!!
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Silverwuf
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So why arent companies willing to train new hires anymore?
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There are too many experienced people out of work looking for jobs. Also, companies aren't hiring a lot of people right out of college because they feel they are entitled to a job and aren't willing to work for it.
Silver
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Maleraka
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So why arent companies willing to train new hires anymore?
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Silverwuf posted:
There are too many experienced people out of work looking for jobs. Also, companies aren't hiring a lot of people right out of college because they feel they are entitled to a job and aren't willing to work for it.
Silver
That's profanity!
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Bat_Avenger
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So why arent companies willing to train new hires anymore?
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The fact you even asked that question shows why you have a job in the food service sector.
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UnsavoryShaqFu
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So why arent companies willing to train new hires anymore?
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Does Sith_Mauler just complain all day?
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Itab
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So why arent companies willing to train new hires anymore?
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UnsavoryShaqFu posted:
Does Sith_Mauler just complain all day?
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Hawkson
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So why arent companies willing to train new hires anymore?
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Maleraka posted:
Silverwuf posted:
There are too many experienced people out of work looking for jobs. Also, companies aren't hiring a lot of people right out of college because they feel they are entitled to a job and aren't willing to work for it.
Silver
That's bulls**t!
Totally agree - I broke my ass in college, and law school. (I was in Law School, finishing year 2 when the economy went to hell...)
There was no entitlement for me. Just the desire for a chance to demonstrate my abilities.
The issue, as previously stated, is that there are a lot of experienced people who got canned, and are willing to take entry level jobs - making it so that the qualifications for entry level jobs become, ...is a master of A, B, C. Instead of, is familiar with A, B, C - but as part of the job, we'll help you master these abilities - to our benefit.
This is especially prevalent in the law, where attorneys with years of experience were being let go from their firms, to be returned to the job market. This means that new associate positions are being snagged by experienced high level associates or even unnamed partners, because they need the money.
So, no - it's not entitlement.
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suntzukali2
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So why arent companies willing to train new hires anymore?
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its banking really. Most companies make money through managing a bank loan on their company or concept whatever you want to call it. However as money goes over seas now too because we live in a global community the Margins on these loans become to tight. If you have for example a journeymen skilled trade guy you don't have money to train an apprentice.
Not all the banks fault but also rising cost of things like insurance (some of which a bank requires a business to have and then fringe benefits an employer may have to offer to hire a skilled worker in the first place. Then top that off with taxes an employer may have to pay out.
An employer that may be paying some guy 50 grand a year ends up paying a hundred grand a year to hire that employee.
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Varece
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So why arent companies willing to train new hires anymore?
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You just have to be lucky and talented. My son is 24, in school and got his foot in a place that pays great, has amazing bene's, free food all shift AND they pay his schooling.
It can be done.
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Rhodoman
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So why arent companies willing to train new hires anymore?
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Whoever can learn the fastest and best on the job keeps the job.
It has always been thus.
Rho
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notmforce2k
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So why arent companies willing to train new hires anymore?
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Companies are largely hoarding their money right now. They're recording record profits while laying off and/or not hiring new employees. Whatever saves them money, they will do. Cutting employees, cutting training programs.. they'll do it all.
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Lynea
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So why arent companies willing to train new hires anymore?
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I don't think you realize how much training actually costs a company. It's a huge investment and if they tend to have a high turnover rate, it's just not worth it to hire someone who requires training over someone who does not.
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Sith_Mauler
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So why arent companies willing to train new hires anymore?
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Lynea posted:
I don't think you realize how much training actually costs a company. It's a huge investment and if they tend to have a high turnover rate, it's just not worth it to hire someone who requires training over someone who does not.
and yet companies are posting record profits.
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Rhodoman
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So why arent companies willing to train new hires anymore?
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Sith_Mauler posted:
and yet companies are posting record profits.
They are? Which ones?
Rho
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Sith_Mauler
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So why arent companies willing to train new hires anymore?
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Rhodoman posted:
Sith_Mauler posted:
and yet companies are posting record profits.
They are? Which ones?
Rho
this has to do with corporate taxes but its a wsj talking about companies posting record profits
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combat_mage_sc
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So why arent companies willing to train new hires anymore?
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They dont wanna waste money training some frat brat, fresh out of a diploma mill.
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Anebriated
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So why arent companies willing to train new hires anymore?
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learning fast is great, but it's totally secondary to experience.
sometimes I wonder if being overqualified educationally and not experienced is worse than just being inexperienced. my least favorite interview question so far is when they ask what my long-term plans are. I don't know how to lie, it's like so obvious that im going back to school in a year and a half and that's what I tell them :/
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Cawlin
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So why arent companies willing to train new hires anymore?
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The supposed lack of qualified applicants is a sham. Companies want to project that this is a problem so that there will be more sympathy for them to bring in labor from overseas - which won't be qualified either - but which will work for $0.42/hour. Further, it's a win-win for companies ANYWAY if they can get training pushed into the public sector as an expense via high school and technical schools and even by virtue of student loan fed college education - reduces their costs anyway even if they do find someone who is "qualified" and (here's the tough part) willing to work for substandard wages. Normally a company basically has to sink funding and costs into training employees - if the public sector can handle that, they win even bigger than when they hire Malaysians to work for pennies on the dollar.
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Elmador_MoK
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So why arent companies willing to train new hires anymore?
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Hawkson posted:
Maleraka posted:
Silverwuf posted:
There are too many experienced people out of work looking for jobs. Also, companies aren't hiring a lot of people right out of college because they feel they are entitled to a job and aren't willing to work for it.
Silver
That's bulls**t!
The issue, as previously stated, is that there are a lot of experienced people who got canned, and are willing to take entry level jobs - making it so that the qualifications for entry level jobs become, ...is a master of A, B, C. Instead of, is familiar with A, B, C - but as part of the job, we'll help you master these abilities - to our benefit.
Bingo. This is exactly what I am running into in my job search and field.
One agency I failed to even get an interview with recently, I had previously gone through their volunteer academy and given over 80 hours of service toward the end of last year. How am I entitled or unwilling to work, when I am working and not even getting paid for it? The simple fact is even though you are qualified and downright eager to apply yourself to the position and master it, there is someone else in the applicant pool who has done the exact job for 10 years and can just hit the ground running.
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Gaevren
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So why arent companies willing to train new hires anymore?
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Lynea posted:
I don't think you realize how much training actually costs a company. It's a huge investment and if they tend to have a high turnover rate, it's just not worth it to hire someone who requires training over someone who does not.
Any company that has a high turnover rate is doing something very very wrong. Those are the companies that need to look at the way they treat and compensate their employees, and the overall culture of the place, and make changes.
Most jobs that have high turnover rates are the ones that are low paid and unskilled. Fast food, telemarketing, etc.
Besides, nowadays companies who invest a significant dollar amount (or any dollar amount, really) towards training someone can require in an employment contract that the person work there for at least X number of months, in order to make it worth it to the company. If you leave before the end of that time, you pay back the training costs at a pro-rated amount (usually the cost of the training divided by the months they require you to stay on the job). They get someone trained and some assurance that the person will actually stick around, at least for a while, instead of jumping ship the moment they're trained.
Plus, a lot of companies nowadays are rolling two or more positions into one and requiring that applicants have experience in all the skill-sets needed. With no training. Oh, and did I mention they're only willing to pay you for the salary of one person? There are some exceptions to this, of course, but in the case of the exceptions it's usually some extremely obscure piece of machinery or technology that you do need to be trained in how to use appropriately, but no one is going to know wtf to do with it unless they've worked with that exact piece of machinery or technology before...which is virtually no one. And in those cases, it really does boggle my mind that they won't train someone, with the aforementioned employment contract stipulations written in.
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So why arent companies willing to train new hires anymore?
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Itab posted:
UnsavoryShaqFu posted:
Does Sith_Mauler just complain all day?
lol.
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notmforce2k
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So why arent companies willing to train new hires anymore?
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Rhodoman posted:
Sith_Mauler posted:
and yet companies are posting record profits.
They are? Which ones?
Rho
GM posts record profit 2 years after bankruptcy
http://money.cnn.com/2012/02/16/news/companies/gm_earnings/index.htm
Samsung tipped to continue strong growth with record profits in Q1 2012
http://thenextweb.com/asia/2012/03/29/samsung-tipped-to-continue-strong-growth-with-record-profits-in-q1-2012/
Corporate Profits At All-Time High As Recovery Stumbles
http://www.huffingtonpost.com/2011/03/25/corporate-profits-2011-all-time-high_n_840538.html
Many of the nation's preeminent companies have posted massive increases in profits this year. General Electric posted worldwide profits of $14.2 billion, while profits at JPMorgan Chase were up 47 percent to $4.8 billion.
Corporate profits steadily increased last year as companies continued holding onto record amounts of cash and other liquid assets while cutting costs, laying off workers and wringing more productivity -- defined as the amount of output that comes from an hour of work -- from remaining staff, even as the recession eased.
Companies near record profits amid high unemployment
http://www.rawstory.com/rs/2011/08/01/companies-near-record-profits-amid-high-unemployment/
In July, corporate giants such as 3M, Caterpillar, Goodyear, Microsoft and Apple reported all-time high revenues in the second quarter of 2011, though the stock market still slumped amid fears of an economic slowdown and a possible government default.
Of the companies in the S&P 500 list of large-cap firms which have reported their quarterly earnings to date, 72 percent have beaten analysts’ forecasts, according to Standard & Poor’s analyst Howard Silverblatt.
.......
General Electric, Caterpillar and Dow Chemical were among the US corporate stalwarts which reported strong emerging market sales that helped offset slow growth in the United States in the second quarter.
Private Companies See Record Profits
http://blogs.wsj.com/economics/2011/08/23/private-companies-see-record-profits/
Private companies have seen dramatic increases in their profits per employee, according this release from research firm Sageworks Inc. that underscores how companies of all sizes continue to bounce back from the recession despite high unemployment.
Can companies continue to post record profits?
http://www.usatoday.com/money/perfi/columnist/krantz/story/2011-11-22/corporate-profits/51359520/1
What Is Business Waiting For?
http://www.nytimes.com/2011/08/16/opinion/nocera-what-is-business-waiting-for.html
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Ptilk
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So why arent companies willing to train new hires anymore?
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As Cawlin said, it's a load of horse crap.
Companies have been posting huge profits and hording the money. Meanwhile, productivity per employee has been going up and up and up....but compensation has been going down. IOW.....employees are working harder and producing more, but getting paid less for doing so.
Right now companies have more cash on hand than at any time in recorded history, trillions of dollars sitting there, and they see no reason to spend it. No increased demand, decreased in fact. Why expand when their is no reason to do so? It takes a jump start for the economy to get going, and we have seen a little hint of one over the past 6 months or so. Slight upticks in spending and the economy is growing, albeit very slowly. This isn't any help for educated and/or experience people however.
Companies have started to hire a bit, but it's not only non-experienced employees that are having a hard time, too much experience will kill you as well at this point. Companies have a huge supply of workers at this time who haven't had a promotion or a raise in years, hiring someone from outside to fill even a middle management position is death to moral when you have 7 people in house who are qualified and want that position.
It makes much more sense (from any businesses perspective) to push the costs of training any employees off on to the government or the employees. Why train them (and incur the huge expense) when you can get them to do it themselves thru tech schools and college? So they cry about the lack of qualified applicants, cry about "lazy, feeling entitled employees", cry about health care costs, cry, cry, cry.....and bang, more money for training shows up in Federal and state budgets. Meanwhile, they expand H1B visas and import workers who are paid much less, get no benefits, and are virtual indentured servants who have to take whatever working conditions and crap they shove at them.....or get deported.
It's a sick, messed up, and stupid business model....but it's been the prevailing one for more than a decade now....and it doesn't show any signs of changing any time soon. Sure, there are a some positions opening up, always will be. But there are no where near enough opening up to even deal with new people coming out of school and into the labor force......let alone the millions of 30-50 year old people who lost great jobs with good pay and benefits and now work for 1/4 of their former salary and will NEVER get a position equal to the one the lost again.
The business model in place in the US is to pay top executives hundreds, even thousands, of times what the average employee in that company makes. Push all benefit costs off on the government. Replace experienced employees with non-experienced to reduce pay even further. Cut positions as often as possible to increase productivity (aka make employees work harder) and increase profits in the short term. Screw long term, the executives making the decisions wont be there in 10 years, take their 200 million dollar buy out and move on to the next company, so why give a damn that they are destroying the company in the process? Best Buy is a good example.
All this adds up to our current economic stagnation. It will take foreign companies moving into the US to take advantage of our skilled labor and motivated work force to change the way things are being done. Well, either that or armed insurrection. Our corporate environment is poisoned with stupid even more so than our government is.
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Gibbon_raver
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So why arent companies willing to train new hires anymore?
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My current new position that I started 3 weeks ago and the consulting gig that I am still working part time both needed\wanted heavily experienced staff. This is for a number of reasons, foremost is customers don't have the time or inclination to sit and wait while their provider gets back up to speed, secondly, many projects, especially those needing contractors need to roll out a project quickly and with a minimum of QA concerns. Actually, my new employer's largest client, Shell, wanted to meet me as I would be taking over the development for their account.
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Aerlinthian
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So why arent companies willing to train new hires anymore?
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notmforce2k posted:
<snip>
You (and others) post but yet you do not see. Many companies are playing it very tight to the chest because of numerous factors. The factor I'm referring to is that companies are running scared, they are dubious about the future and as a consequence are running as lean and tight as they can. This dynamic is good for their current profits but has a chilling effect on expansion.
Another reason why companies do not churn through people anymore is that regulations have made it very burdensome and risky to hire & fire at will. From the employee perspective this may seem like a good thing but it is not in the macro sense of getting the larger economy moving again. The more government interferes with business, the less business you will have or that business will flee to liberal but lawful areas they feel stability and the ability to take investment risks.
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-Accident-
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So why arent companies willing to train new hires anymore?
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I can't say any better than Cawlin and Ptilk did.
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Sgian_Dubh
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So why arent companies willing to train new hires anymore?
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Rhodoman posted:
Whoever can learn the fastest and best on the job keeps the job.
It has always been thus.
Rho
In what reality?
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Stormyblade
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So why arent companies willing to train new hires anymore?
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Rhodoman posted:
Sith_Mauler posted:
and yet companies are posting record profits.
They are? Which ones?
Rho
The company I work for - Intel - is one of those. 2010 was a record year for Intel, generating $40 BILLION dollars of revenue. The CEO was very impressed. Then we shattered that record in 2011 by generating over $50 BILLION in revenue.
To answer the question, Intel is only hiring RCGs (recent college grad) for the engineering positions. In the manufacturing side, where experience would really help out the teams, there's a hiring freeze.
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