TalentCraft

The H-1B visa program plays a pivotal role in sustaining U.S. innovation, especially in critical industries. However, the current system falls short of meeting the needs of our economy. Check out TalentCraft’s latest report, "Navigating the H-1B Lottery System for Critical U.S. Industries: Challenges and Pathways to Reform," where we dive into the challenges faced by U.S. industries and propose strategic reforms to optimize the H-1B visa process. This report was inspired by Bloomberg's recent investigative article on the exploitation of the H-1B system. Read the original Bloomberg piece here: https://rb.gy/5e2e0z 

Last week we had our first Book Club meeting where we discussed the book Chop Wood Carry Water by Joshua Medcalf. The book offered many great insights that inspired us both professionally and personally. We're looking forward to applying these lessons to our lives and are excited for our next team read!  #TalentCraftBookClub #ChopWoodCarryWater

The TalentCraft team had an incredible time at the SIM Golf Outing! Thank you to Jake Schnepper, Madeleine Sherrier MPM, and Cristina Rodriguez for working the TalentCraft booth while Frank Schulte and Matt Vuckov hit the greens with Brian Fenn and Matt Schuler. We had a great time getting to know everyone who stopped by our booth. It was a successful day of supporting i.c.stars |* Chicago and making an impact in the community. A special thank you to the SIM Chicago team Bill Blount, Wayne Bulmahn, Mark Forbes, Jim Lahey, and the i.c Stars team Sarah Cook, Sarah Joy Shockey, Larry Cowans, and Amanda Hogan. Here's to more amazing events and partnerships! #golfouting #charity #talentcraft

Big Semiconductor News for the Hard Tech Corridor! Today, the U.S. Department of Commerce announced a major boost for the semiconductor industry with a $450 million grant and $500 million loan to SK hynix advanced AI packaging facility at Purdue Research Park in West Lafayette, Indiana. This investment will: 1) Create over 800 high-quality jobs: Fueling economic growth and strengthening Indiana's workforce. 2) Accelerate AI innovation: Position Indiana at the forefront of artificial intelligence development and deployment. 3) Strengthen the semiconductor supply chain: Enhance U.S. national security and economic competitiveness. This is a historic moment for SK Hynix, Indiana, and the Hard Tech Corridor. Let's work together to develop the skilled workforce needed to support this exciting growth! #Semiconductors #HardTechCorridor #Indiana #SKhynix #CHIPSandScienceAct #WorkforceDevelopment #PurdueResearchPark  Source: https://lnkd.in/gSPNcNA7 

The TalentCraft team had a great time sponsoring this event and connecting with those in the Portal Innovations, LLC ecosystem!

Addressing the Semiconductor Talent Challenge  As the U.S. semiconductor industry experiences unprecedented growth, the demand for skilled workers has become a pressing issue. The $53 billion in funding from the CHIPS and Science Act is set to revitalize this sector, but finding and training the necessary workforce remains a significant challenge. Data Points: 1) Workforce Shortage: The semiconductor industry requires up to 70,000 new workers. Many of these roles, such as digital tool belt technicians, are critical for operating and maintaining the fabs that produce essential components for smartphones, cars, and missiles.    2) Federal Funding: The federal government has allocated $30 billion in grants to support the construction of new fabs and workforce training initiatives. However, the release of these funds depends on the development of comprehensive, standardized training programs. This funding is vital for expanding existing training programs and creating new opportunities for workers to gain the necessary skills. Paths Forward: 3) Education Programs: In the #HardTechCorridor, Purdue University's STARS program, offers an eight-week intensive training in IC design, semiconductor manufacturing, and advanced system integration. Participants receive a $10,000 stipend and gain practical experience in Purdue's nanotechnology labs, preparing them for careers in the semiconductor industry. In Arizona, programs like The Semiconductor Technician Quick Start program at Maricopa Community Colleges and the "Energy & Manufacturing Systems" course at Western Maricopa Education Center provide hands-on training and valuable industry certifications in advanced manufacturing.    4) Apprenticeships: Apprenticeship programs, such as those offered by Arizona Pipe Trades Local 469, have seen a surge in enrollment. These programs offer a practical, "earn while you learn" approach, providing apprentices with valuable on-the-job training and a debt-free path to high-paying jobs.    In order to close the talent gap, the U.S. must expand semiconductor college programming, promote apprenticeships, and ensure consistent funding. A national effort to standardize credentials and integrate training with hands-on experience is essential. This approach will not only fill immediate job openings but also create a sustainable workforce for the future.  TalentCraft is uniquely positioned to support this growth by leveraging our expertise in the labor market and partnerships with leading technology and research institutions. Together, we can bridge the talent gap and secure a future for America's semiconductor industry. #Semiconductors #CHIPSAct #TalentCraft #WorkforceDevelopment #ManufacturingInnovation Source: https://lnkd.in/gkbad6mn   

Addressing the Semiconductor Talent Challenge  As the U.S. semiconductor industry experiences unprecedented growth, the demand for skilled workers has become a pressing issue. The $53 billion in funding from the CHIPS and Science Act is set to revitalize this sector, but finding and training the necessary workforce remains a significant challenge. Data Points: 1) Workforce Shortage: The semiconductor industry requires up to 70,000 new workers. Many of these roles, such as digital tool belt technicians, are critical for operating and maintaining the fabs that produce essential components for smartphones, cars, and missiles.    2) Federal Funding: The federal government has allocated $30 billion in grants to support the construction of new fabs and workforce training initiatives. However, the release of these funds depends on the development of comprehensive, standardized training programs. This funding is vital for expanding existing training programs and creating new opportunities for workers to gain the necessary skills. Paths Forward: 3) Education Programs: In the #HardTechCorridor, Purdue University's STARS program, offers an eight-week intensive training in IC design, semiconductor manufacturing, and advanced system integration. Participants receive a $10,000 stipend and gain practical experience in Purdue's nanotechnology labs, preparing them for careers in the semiconductor industry. In Arizona, programs like The Semiconductor Technician Quick Start program at Maricopa Community Colleges and the "Energy & Manufacturing Systems" course at Western Maricopa Education Center provide hands-on training and valuable industry certifications in advanced manufacturing.    4) Apprenticeships: Apprenticeship programs, such as those offered by Arizona Pipe Trades Local 469, have seen a surge in enrollment. These programs offer a practical, "earn while you learn" approach, providing apprentices with valuable on-the-job training and a debt-free path to high-paying jobs.    In order to close the talent gap, the U.S. must expand semiconductor college programming, promote apprenticeships, and ensure consistent funding. A national effort to standardize credentials and integrate training with hands-on experience is essential. This approach will not only fill immediate job openings but also create a sustainable workforce for the future.  TalentCraft is uniquely positioned to support this growth by leveraging our expertise in the labor market and partnerships with leading technology and research institutions. Together, we can bridge the talent gap and secure a future for America's semiconductor industry. #Semiconductors #CHIPSAct #TalentCraft #WorkforceDevelopment #ManufacturingInnovation Source: https://lnkd.in/gkbad6mn   

Addressing the Semiconductor Talent Challenge  As the U.S. semiconductor industry experiences unprecedented growth, the demand for skilled workers has become a pressing issue. The $53 billion in funding from the CHIPS and Science Act is set to revitalize this sector, but finding and training the necessary workforce remains a significant challenge. Data Points: 1) Workforce Shortage: The semiconductor industry requires up to 70,000 new workers. Many of these roles, such as digital tool belt technicians, are critical for operating and maintaining the fabs that produce essential components for smartphones, cars, and missiles.    2) Federal Funding: The federal government has allocated $30 billion in grants to support the construction of new fabs and workforce training initiatives. However, the release of these funds depends on the development of comprehensive, standardized training programs. This funding is vital for expanding existing training programs and creating new opportunities for workers to gain the necessary skills. Paths Forward: 3) Education Programs: In the #HardTechCorridor, Purdue University's STARS program, offers an eight-week intensive training in IC design, semiconductor manufacturing, and advanced system integration. Participants receive a $10,000 stipend and gain practical experience in Purdue's nanotechnology labs, preparing them for careers in the semiconductor industry. In Arizona, programs like The Semiconductor Technician Quick Start program at Maricopa Community Colleges and the "Energy & Manufacturing Systems" course at Western Maricopa Education Center provide hands-on training and valuable industry certifications in advanced manufacturing.    4) Apprenticeships: Apprenticeship programs, such as those offered by Arizona Pipe Trades Local 469, have seen a surge in enrollment. These programs offer a practical, "earn while you learn" approach, providing apprentices with valuable on-the-job training and a debt-free path to high-paying jobs.    In order to close the talent gap, the U.S. must expand semiconductor college programming, promote apprenticeships, and ensure consistent funding. A national effort to standardize credentials and integrate training with hands-on experience is essential. This approach will not only fill immediate job openings but also create a sustainable workforce for the future.  TalentCraft is uniquely positioned to support this growth by leveraging our expertise in the labor market and partnerships with leading technology and research institutions. Together, we can bridge the talent gap and secure a future for America's semiconductor industry. #Semiconductors #CHIPSAct #TalentCraft #WorkforceDevelopment #ManufacturingInnovation Source: https://lnkd.in/gkbad6mn   

TalentCraft is excited to sponsor a hole at SIM Chicago's 18th Annual Golf Outing! Join Cristina Rodriguez, Frank Schulte, Jake Schnepper, and Madeleine Sherrier MPM for a day of fun and networking on the green. Stop by to say hello to our team and support i.c.stars |* Chicago and the future of IT leadership. Reach out to one of our team members for more information or how to get involved. See you there!   #GolfOuting #TeamBuilding #TalentCraftSponsorship #ITLeadership

📊 Understanding America's Labor Shortage: A Critical Analysis Despite widespread reports of hiring freezes and layoffs, the U.S. faces a profound labor shortage. According to the U.S. Chamber of Commerce, there are 8.1 million job openings but only 6.8 million unemployed workers, leaving at least 1.3 million positions unfilled. Key factors include: 1) Declining Workforce Participation: Down from 63.3% in February 2020 to 62.7% as of June 2024, reflecting a shortfall of 1.7 million workers. 2) Early Retirements: Over 3 million adults retired early due to the pandemic, with a growing proportion of the population over 55. 3) Childcare Challenges: The pandemic forced 3.5 million mothers out of the workforce, reducing the labor participation rate for working moms from 70% to 55%. 4) Net International Migration: At its lowest level in decades, contributing only 247,000 people (about half the population of Wyoming) between 2020 and 2021, compared to a high of 1,049,000 between 2015 and 2016. 5) Entrepreneurship and New Business Starts: In 2023, 5.5 million new businesses were launched. Many of these founders either left work or stayed unemployed to open their own businesses. 6) Increased Savings and Financial Stability: Enhanced unemployment benefits and stimulus checks have allowed many to sit out of the labor force, with collective savings increasing by $4 trillion (about $12,000 per person in the US) since early 2020. TalentCraft is a key workforce development partner that helps businesses find and retain top talent in a challenging market landscape. How is your organization navigating these challenges? Let's discuss strategies for success in this evolving job market. #LaborShortage #WorkforceDevelopment #TalentCraft #EmployeeRetention For more details, visit the U.S. Chamber's report. https://lnkd.in/gy2e43bh