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Nicholas Wyman

What All Hiring Managers Can Learn From Donald Trump

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Even if you don’t share the American business mogul’s passion for yelling “You’re fired!”, there is one lesson all hiring managers can learn from Donald Trump: hire apprentices whenever possible.

Apprenticeship has an impressive track record in countries like Switzerland and Germany, where it has been a huge factor in keeping unemployment rates low and economies healthy. Yet despite all its proven benefits – for companies and workers alike – It hasn’t been as fully embraced everywhere, and that needs to change. While Americans may be tuning in to follow the progress of Mr. Trump’s apprentices on television, the actual number of apprenticeships in the United States has fallen over the last decade.

At the same time, companies and hiring managers across the country are struggling to find the skilled workers they need. Apprenticeships are a big part of the solution to this problem and many others. I would even argue that they are the secret weapon in closing the skills gap that has shrunk companies’ profits and curbed economic growth.

So if you’re an executive, a manager, a business owner – or anyone else responsible for recruiting and hiring talented workers, here are 5 reasons why it’s worth taking a page from Mr. Trump.

5 Reasons to Hire Apprentices

Reason #1: The bottom line.

Let’s start with what really matters in business: the bottom line. Apprentices give employers a return on their investment. A study of over 1,000 employers across Canada in sixteen different trades found that for every dollar invested in training apprentices, employers see a net return of 47 cents.

This almost impossibly high return on investment rivals just about any investment a company can earn on its capital, and is much greater than the 10 percent typical among S&P 500 firms. Not only that, but research shows that apprentices generate an increasing net benefit over each year of the apprenticeship. That’s math that’s hard to argue with!

Reason #2: Apprentices are trained with the exact skills your company needs.

The middle skills gap is leaving many jobs unfilled due to lack of a technically trained workforce, but it’s not the only problem hiring managers face. Many employers also complain that in addition to having trouble finding technically skilled candidates, they can’t find candidates with the soft skills they need – like the ability to problem solve, communicate effectively with clients, or work well in teams – even when interviewing recent college graduates. Hiring apprentices solves this problem.

Apprentices are specifically trained in the very skills their employers need, both the soft and the more technical varieties. Apprentices have been mentored, challenged, taught, performed
and paid in a real workplace, over the course of several years. As a result, they are completely job-ready and posses not just the practical skills but the work ethic, communication abilities, and the experience in problem-solving that hiring managers are finding lacking in so many candidates coming straight from college or university.

Reason #3: Apprenticeships benefit the economy and in turn all of its stakeholders (that includes your company).

Each $1 that governments invest in apprenticeships generates $27 in economic growth. One reason is simply that apprenticeships can create more opportunities for a thriving middle class of skilled workers. And since apprentices do not carry tuition debt, it’s a start toward chipping away at the more than $1 trillion owed to the United States government in student loan debt. Rather than borrowing money, apprentices earn while they learn, so that instead of inflating our debt bubble, they are putting that income to work and contributing in a number of ways to a thriving economy.

Reason #4: Apprenticeships are not just for carpenters and electricians.

Here’s another thing we can learn from Donald Trump: apprenticeships work in a wide variety of professions – and not just the ones you’d expect. Although apprenticeships may be
traditionally associated with skilled trades like construction, they work just as well in the world of white collar business.

In fact, in the U.K., where apprenticeships have expanded in recent years, the majority of new apprenticeships are in fields such as business administration, retail, management, and hospitality. There is also evidence that the apprenticeship model translates well to IT, health care, the arts, and even the hard sciences. More and more, smart employers are realizing they can reap the benefits of apprenticeship in just about any profession or field of study.

Reason #5: Apprentices are productive, enthusiastic employees.

I work with employers, government leaders and educators worldwide to create mentor-based apprenticeship programs, upskilling on average 600 apprentices at any given time, so I can tell
you from first hard experience that apprentices are some of the most hard-working, motivated people out there. After all, they have every incentive to work hard within their training period so that they’ll land the job.

Moreover, an in-house apprenticeship program also fosters a learning environment that increases productivity across the board. In the Canadian study mentioned above, employers observed that having apprentices was a benefit to their existing staff. Most employers also agreed that an apprentice they’d invested in training and mentoring was 29% more productive than someone hired from outside the organization.

So if you want to ensure the skilled, motivated, and productive workforce you need for today and tomorrow, take it from Donald Trump: hire apprentices.

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A Revolutionary Way To Transform Your Career

On The Money with Steve Pomeranz

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http://iwsiaustralia.org/wp-content/uploads/2015/01/web-ON-THE-MONEY-WITH-STEVE-POMERANZ-WPBI-FM.mp3

 

There are thousands of good paying jobs that employers can’t fill because of a skills gap. Writer, educator, author and businessman Nicholas Wyman speaks to the many different ways to get great work even without a college degree. Even global IT giant, Google doesn’t require a degree for many of the positions it advertises regularly.

Steve Pomeranz educates the public through his weekly radio show “On The Money!” which airs on multiple National Public Radio (NPR) affiliate for South Florida since 2001 and has recently expanded to broadcast on a total of 11 radio stations in and outside of Florida. Steve’s show features market commentaries and insights as well as interviews with many experienced and well known guests from all corners of the Investment world. On The Money Radio helps to protect people like you from self-serving forces within the financial services industry. Listeners have come to expect an intelligent and easy to understand explanation of current economic events as well as Financial Planning Advice.

 

Filed Under: Radio

Financial Spectrum on Radio WKXL New Hampshire

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Listen to WKXL host Bill Kearney discuss the skills, jobs and employment opportunities that exist in our rapidly chaining economy. Nicholas Wyman, author of Job U and CEO of IWSI Consulting, and WKXL host Bill Kearny discuss Bill Gates, the current minimum wage, and the power that apprenticeships and traineeships can have on the future of our economy.

http://iwsiaustralia.org/wp-content/uploads/2014/12/web-FINANCIAL-SPECTRUM-WKXL-NEW-HAMPSHIRE-81114.mp3

Filed Under: Radio

The One Thing Electricians, Chefs, and Entrepreneurs Have in Common

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Electrician
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You’d be hard-pressed to name three jobs that seem to have as little in common as an electrician, a chef, and an entrepreneur. But even though the work couldn’t be more different, these jobs share one important trait: they all require practical skills that can be gained through hands-on experience in the real working world, not just books or theory or classroom study.

These are just a few of the well-paid, middle skills jobs that represent the opportunities of tomorrow. Many people think of middle skills jobs as menial, low-paying jobs with no opportunities for advancement. This couldn’t be farther from the case. The reality is that today, there is a bevy of respectable, well-compensated, upwardly mobile careers that don’t require a traditional four-year education.

In many countries, vocational study unfortunately has a history of being seen as less respectable than attending university. But with unemployment and underemployment rates of college graduates at such high levels in the U.S. and elsewhere, it’s time for this perception to change. It’s time to spread the word that skills training, perhaps now more than ever, is possibly the most reliable pathway to an interesting and rewarding career.

3 Good Reasons to Consider Skills Training

1. The traditional four-year degree is leaving many people in the cold.

If you’re weighing the investment in a four-year degree versus the cost of skills training, consider these figures: right now, for every 100 college graduates in the U.S., there exist only 57 jobs that require a degree. This leaves 43 out of every 100 college graduates faced with unemployment or underemployment. These individuals invested an average of US$120,000 into their degree, much of it borrowed. But rather than transitioning directly from school to a well-paying job in their chosen field, they now have to take whatever job they can to pay back their loans.

In many cases, college graduates are forced to take short-term or low-wage jobs just to keep up with their debt. Many graduates even move back home due to financial pressures. According to a 2014 Gallup Poll, 51% of American adults between the ages of 18 and 35 are living with their parents.

On the other side of the scale, apprenticeship and on-the-job training allows candidates to earn while they learn. Rather than shelling out or borrowing significant amounts of money for your education, you can jumpstart a career while putting money in your own pocket.

2. An increasing number of job opportunities don’t require a college degree.

Even as college graduates face unemployment and underemployment, hundreds of thousands of jobs that require only high school, plus vocational training, remain unfilled. At the moment, 61% of all available jobs in the U.S. don’t require a college degree. And these aren’t just minimum-wage, dead-end, or revolving-door jobs that no one wants to do. Many of the available jobs are in prestigious and interesting fields like health care, electronics, building, manufacturing, design, and culinary arts. Jobs that can be acquired with on-the-job training or apprenticeships are even increasing in fields such as biotechnology, horticulture, and computers.

In Silicon Valley, for example, many smart entrepreneurs are adapting to the reality that a college education doesn’t necessarily equip graduates with the skills to be a great employee, making certain jobs formerly associated with a four-year degree attainable through skills training. Take LaunchCode, for example, a Missouri-based firm that has partnered with large companies like Monsanto (who need computer programmers) to match people who have basic programming skills with more experienced programmers for further training. At the end of their two-year paid training period, these apprentices are ready for jobs as coders.[1]

These days, you don’t even necessarily need a college degree to work at a place like Google – a company well known for being one of the most selective and desirable employers on the planet. According to Lazlo Bock, the senior vice president of people operations (a twenty-first-century term for human resources) at Google, an increasing percentage of Google’s new hires have not, in fact, graduated college. When evaluating candidates, instead of a high GPA or fancy diploma, Google looks for practical skills and expertise, problem-solving ability, humility, a desire to lead, and the willingness to learn.

And the demand for skilled people in the tech industry is only going to increase in the coming years—opening the door for more training opportunities that do not require four years of college study.

3. Opportunity for Exciting, Real-World Experiences.

Skills training provides incredible opportunities for all kinds of hands-on learning experiences. Have you ever dreamed of traveling and seeing the world while learning a profession? Or studying business with a Fortune 500 executive? How about apprenticing with a master chef? Many traineeships and apprenticeships provide exciting opportunities outside the classroom. Skills training, in other words, not only builds solid career futures, but also opens doors to life-enriching experiences like these.

Personal and economic success is coming to more and more people through practical skills training—and that’s another thing an electrician, a chef, and an entrepreneur have in common.

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Filed Under: Articles

WKKC 89.3 FM in Chicago

Following Your Passion into a Career Path

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Job U author Nicholas Wyman and Marsha Barancik from the Institute for Workplace Skills and Innovation talk employment, learning and earning and the myriad of options available for students considering career options. They join the program, ‘Focus Talk’ with Dennis Snipe, 89.3 WKKC Radio at Kings College of Chicago.

Dennis is the Station Manager and Assistant Director of Operations at 89.3 WKKC – FM “The Official Radio Station of the City Colleges of Chicago,” where Dennis spends a large amount
of time encouraging and instructing students who are part of the Media Communications Program, which Dennis, along with radio guru, Marv Dyson, was instrumental in designing.

http://iwsiaustralia.org/wp-content/uploads/2014/12/web-FOCUS-TALK-WITH-DENNIS-SNIPE-ON-WKKC-89.3-FM-CHICAGO.mp3

Filed Under: Radio

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