When asked about problems rising in the HVAC industry, people typically point to the availability of trained workers or labor force. The growth of the HVAC industry brings more open jobs into the market. According to a report by U.S Department of Labor, by 2020, this particular market should bring about 90,000 new jobs in the industry. With that being said, the spike in work doesn’t necessarily align with quantities of qualified workers. Even with strong job security and above average pay, HVAC doesn’t seem to attract too much young potential. In the past year, the HVAC industry has lost thousands of workers, not only from the lagging economy, but also due to the work force available. Currently, the average age of the entire 7.5 million HVAC workforce is around 55 years old, which is much older than the normal workforce.
With the rate of how quickly technology in the HVAC industry is currently growing, the pool of talent in the market can’t quite seem to catch up. Day by day due to increasing demand and competition, leading companies in this industry is required to come up with new design and new technology with better efficiency, easier operation, and better control is needed. Demanding increase in technology does not meet with the current available skill pool. As a result, the hiring process for skilled labor takes considerably longer. Finally, once you take into account calculation of training and orientation, the entire hiring process requires a lot of investment both in time and money.
Technology companies seems to spend most of their available budget on research and development activities. It’s important to pay attention into this particular trend since a high bleed could really impact on the cost of production. During this difficult time of short talents, it makes sense for companies to source out their research and development activities. Our R&D engineering team consists of consulting experts who have completed extensive projects on the subject. We’d be more than happy to assist you with any project needs.