September's LinkedIn Jobs Report
In May of this year, the SBA featured the LinkedIn Jobs Report to profile the happenings of the Chicago MSA labor force as tracked by the professional networking website LinkedIn. Following a prosperous summer, the SBA is excited to provide our perspective on the September LinkedIn Jobs Report:
- Top Skills Shortages – There has been a lot of focus about the skilled workers shortage happening in industries like manufacturing, distribution and logistics, and healthcare but one of the biggest challenges currently facing employers are the lack of candidates with quality “soft skills”.
- Many of the SBA’s workforce development research finds that the biggest shortage in the workplace – especially with young professionals – are in the soft skills. These skills feature such competencies like “time management”, “verbal communication”, and “work-life responsibility”. Employers have the expectation that the workforce comes ready with these skill sets. The September Jobs Report from LinkedIn reinforces the SBA’s data and identifies that the biggest skills shortages in Chicago are as follows:
- Oral Communication
- People Management
- Social Media
- Time Management
- Business Management
- Migration and Attraction of Talent – One consistent theme that Schaumburg firms discuss is competing for talent within the Chicago market. Many firms have developed a hiring strategy based on recruiting from around Chicagoland, but LinkedIn’s data suggest more robust geographies to be recruiting new talent from. Migrant workers to Chicago are continuing to move from Urbana-Champaign, IL; Wichita, KS and Bloomington, IN. This data provides insightful knowledge for hiring as Urbana-Champaign continues to be the primary pipeline for talent. In the pursuit for young talent a key strategy and talent pool should be the University of Illinois. With nearly 45,000 students this nationally recognized university is producing world-class talent that wants to live in the Schaumburg area. Based on the May’s LinkedIn Workforce Report the SBA has begun the partnership process with University of Illinois system and will continue to cultivate this relationship for our businesses workforce needs.
SBA Takeaways from LinkedIn Data – The September LinkedIn Jobs Report provides data for several assumptions from the Summer. The lack of overall hiring identified in Chicago from August 2018 was lower not because employers were not hiring, but rather hiring was lower because of the lack of qualified candidates. This lack of qualified candidates was quantified not by lacking certified skills needed for production but rather the soft skills needed for professionalism.
The SBA has been tracking the trend that “soft skills” are in demand and the LinkedIn data provides another data sources validation to our own empirical evidence. Finally, the talent recruitment should not be limited to the Chicagoland market. Schaumburg’s status as an international city provides opportunity to recruit nationally. Identifying the markets that are providing the most talent (Urbana-Champaign, IL; Wichita, KS; Bloomington, IN) should provide insight to firms looking for young talent to partner with the University of Illinois, Indiana University, and Wichita State University.
The Schaumburg Business Association recognizes that workforce and talent are the biggest challenge towards further economic expansion and are working to connect the workforce ecosystem with your business. Please let the SBA know how we can leverage our network for your open positions.
Posted on Sep, 27
by Kyle Schulz filed under