Technician Shortage Expected as Early as This Year
By Kathryn B. Creedy
- Increasing demand leads to hiring recovery
- MRO workforce cuts minimal compared to other sectors
- Labor shortages, costs remain a serious concern
- Key people abandoning the industry
- Covid is cyclicality reminder making others leave
- Shift in demand may make recovery harder to predict
- MRO recruiting efforts succeeding in increasing AMT enrollment
- Schools will have to produce 2700 new graduates to meet demand
- Acid test will be 2020 enrollment figures
- Industry doing poor job of recruiting military, capturing only 10%
The technician shortage is expected to re-emerge as early as this year, according to an Oliver Wyman study especially as some unemployed technicians leave the workforce permanently, similar to what has been experienced in the pilot corp covered in the last issue.
The good news, MRO workforces were not as devastated as other disciplines and are estimated to be down just about 3%. The recovery, which Oliver Wyman expects in 2022/23, makes MROs reluctant to lose employees given previous shortfalls.
JSFirm, the industry-leading placement company, reported hiring has already resumed. Its Hiring Trends Survey of hiring professionals, executives, and business owners indicated over 50% are projecting growth in 2021. Additionally, 66% of those surveyed did not cut any jobs in 2020, despite the pandemic. Furthermore, 33% expected to hire in the second quarter 2021 with pilots, maintenance and avionics techs in highest demand.
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