By Steve Cerocke
Business growth and diversification is happening in northern Nevada. The buzz just keeps getting louder thanks to the hard work of the local economic development authorities and the business-friendly climate that the state of Nevada has maintained.
Announcements of new company relocations, start-ups and expansions are rising and predictions of five percent job growth for the next five years is unprecedented. Of course all of these new companies will drive the need for more resources like housing, transportation and energy, but the most critical need will be access to a large base of human resources.
It is difficult to predict precisely how many new jobs will open in the next 5 to 10 years; however, it is easy to predict that the quality of the workforce will need to be better and that wages will increase as competition for skilled employees intensifies. The question is, are you ready to compete in what could be a human resource-stressed economy?
If you are a prospective employee, now is the time to evaluate your options and sharpen your skills. If you are an employer that is hoping to compete in a heated economy, don’t wait to develop your workforce and build your employee retention and acquisition plans. For either scenario, here are some points to consider:
Prospective employees and current college students that will be entering the workforce over the next few years should be focusing on technology studies to augment their chosen career path. Community college classes and extended studies in electronics, IT or software analysis would be a good choice for employees looking to upgrade their current skills, while college students should make sure they are rounding out their curriculum with technology studies.
Employers that plan on expanding to take advantage of the forecast economic growth should be building their human resource bench by mentoring and incentivizing current employees. They should also be investing in business technology platforms that will enable them to compete for new client opportunities while attracting new, young employees that will demand the latest in technology services and solutions.
There are lots of organizations that are beginning to work on the challenges and opportunities facing our region over the next several years; think about joining in the discussion and helping where you can. If you intend to be relevant as an employee or an employer be sure you are paying attention to the buzz and start working on your own diversification efforts now.
Steve Cerocke, founder/president of IQ Systems Inc. of Reno, can be reached at 775-352-2301, ext. 1001, or firstname.lastname@example.org.