Process Safety: Leadership Lessons that Save Lives | The Risk Matrix Episode 72
THE RISK MATRIX Cutting-edge podcast on occupational safety and risk management. Hosted by industry titans: JAMES JUNKIN, MS, CSP, MSP,…
The challenges cited in this blog were identified in a report conducted by the research team at Verdantix, an independent research and advisory firm with expertise in digital strategies for Environment, Health & Safety, ESG & Sustainability, Operational Excellence and Smart Buildings.
Veriforce partnered with Verdantix to interview 40 telecommunication executives from the top companies about the key challenges they expect to face and the digital strategies needed to overcome them. According to the study, the TOP 2 challenges facing telecom companies are:
1. Skilled workforce availability. As many as 86% of company executives named skilled workers as the primary challenge facing the telecom industry.[1]
2. Network quality and reliability. Identified as the second-largest challenge facing the telecom industry today by 40% of firms.[2]
These results demonstrate the importance of skilled training programs and safety compliance in an industry where the demand for labor is rising while the availability of trained workers declines.
#1 Challenge:
Even though new telecom workers can earn more than $70,000 a year without a four-year degree,[3] skilled workforce availability was still identified by three-quarters of telecom companies as the primary challenge facing the industry.[4]
This shortage of workers can be attributed to:
While larger organizations are investing in more in-house training, it is often cost-prohibitive for smaller contractor organizations. Government organizations and associations such as The U.S. Department of Labor (DoL), Federal Communications Commission (FCC) and North American Technician Excellence (NATE) are partnering on initiatives to help fill the skills gap and introduce telecom career opportunities to upcoming professionals.
Telecommunications Industry Registered Apprenticeship Program (TIRAP)
Known as a time-tested approach to training and developing skilled labor, apprenticeships have been a mainstay of the U.S. workforce since the country’s inception. Apprenticeships like TIRAP allow telecom employers to recruit and develop a highly-skilled workforce specific to the industry and are seen as great worker retention tools, as 94 percent of all apprentices continue employment after completing their apprenticeship. Of course, challenges in hiring apprentices can be significant as well, including the time commitment involved and for both those learning and those conducting the on-the-job training.
Community College Training Programs
The FCC and NATE are partnering with community colleges around the country to build awareness of the career opportunities within the telecom industry and set up certification programs.
#2 Challenge:
Even though new telecom workers can earn more than $70,000 a year without a four-year degree,[3] skilled
In 2020, the COVID-19 pandemic accelerated digitization progress forward as millions of workers transitioned to remote work overnight. Workforces must now be able to access their work networks and tools from anywhere at any time, and telecom companies must be able to ramp up the delivery of reliable systems needed to support this new flexibility.
It’s no wonder network quality and reliability were identified as the second-largest challenge facing the telecom industry today by almost half of telecom firms. The pressure to meet the expectations of customers for uninterrupted service is ever-rising as companies rely on the internet, cloud, and mobility services to operate and stay competitive.
The simultaneous rise in cyber breaches is another threat to ensuring uptime. Telecom companies now have a heightened responsibility to implement robust security measures against malware and other types of cyberattacks in order to protect the data hosted on their networks.
To maintain network quality and reliability, telecom businesses should consider a series of best practices as solutions:
We were curious too – so we asked. Partnering with the research team at Verdantix, we interviewed 40 telecom executives that represent firms making a combined $750 billion annually.
Here are the types of insights the group revealed:
[1] [2] [4] [6] Verdantix Report, Veriforce
[3] https://venturebeat.com/2020/01/22/u-s-senate-committee-tackles-shortage-of-5g-tower-climbers/
[5] https://www.tirap.org/
THE RISK MATRIX Cutting-edge podcast on occupational safety and risk management. Hosted by industry titans: JAMES JUNKIN, MS, CSP, MSP,…
THE RISK MATRIX Cutting-edge podcast on occupational safety and risk management. Hosted by industry titans: JAMES JUNKIN, MS, CSP, MSP,…
We’ll send you practical and insightful supply chain risk management info that can benefit your business. Plus, important company updates that keep you in the loop.