HVACR Business

JUN 2017

Help hvacr contractors master the critical components of business management.

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2017 EDUCATION SUPPLEMENT 22 hvacrbusiness .com BY H OWA R D WEISS e Bureau of Labor Statistics estimates the HVACR industry will grow by nearly 34 percent over the next decade while, at the same time, 31 percent of our workforce retires. As the HVACR industry tries to figure out how to recruit and replace two thirds of its workforce, the problem worsens — there are 78 million Baby Boomers set to retire and only 40 million Millennials to replace them. If the industry can recruit the same proportional share of the workforce as it has in the past, there will be roughly half as many people to employ in the future. e gap between the skills being taught and those needed continues to grow. A report released by the Council of Chief State School Officers states: "Career education in too many of our secondary schools reflects an outdated model that tolerates low expectations and is oen misaligned with the evolving needs of the current labor market. e result: an increasingly pronounced skills gap that plagues American businesses as they struggle to find qualified workers and dead ends for our students who rely on career preparation programs as their ticket into the middle class." Recruitment is the easy part of addressing the workforce shortage — people want jobs. Training these new technicians is the real challenge. The Contractor's Role e need for education in the industry is imperative to success. Because of the disproportionate amount of qualified candidates to the number of jobs available, two thirds of the HVACR workforce in 10 years will be people not in the HVACR industry today. How many people do you need to hire and where will you find them? e Mechanical Service Contractors of America (MSCA) conducted a survey of its members to find out what their hiring needs were. is survey shows: • 85 percent will need to hire 1-5 technicians in the next year. • 87 percent will need 1-15 technicians within 5 years. • 63 percent will need 6-30 technicians within 10 years. There are 78 million baby boomers set to retire and only 40 million Millennials to replace them. UNITE Around Education Get involved with local HVACR programs to shape the future of the industry.

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