Wednesday, October 31, 2018
Changing job skills, GM offers buyouts
As the kids today are going out in a world that changed on them!
And so it is starting! GM is starting to change for workers that
have the know how to make cars with more technology.
So GM is buying out their workers as the changes go on.
Nothing stays the same. Stagnation is death! But for the educational systems
they need to get on the ball here because we are heading for a wall!
~~~~~ACT scores show many Oklahoma high school graduates not prepared
for college-level courses.
Many of Oklahoma's 2018 high school graduates will struggle to pass first-year college courses based on their ACT scores.
Only 16 percent of Oklahoma students met all four college readiness benchmarks in English, mathematics, reading and science, while 43 percent met zero benchmarks.
The information was released Wednesday in ACT's annual report, "The Condition of College and Career Readiness 2018."
ACT research shows students who meet the college readiness benchmarks have a 75 percent chance of earning a C or higher and a 50 percent chance of earning a B or higher in a college-level course in that subject area.
~~~~~GM offers buyouts to 18,000 employees
Although the company did not announce the buyouts as part of its earnings report, CEO Mary Barra told investors that GM (GM) would be taking "steps to transform the workforce to ensure we have the right skill sets for today and the future while also driving significant efficiency."
GM has not disclosed the details of the offer, but typically it is a formula that offers a certain amount of weekly pay for every year of service.
GM and other automakers are making a major push to develop self-driving vehicle technology along with electric vehicles and ride sharing services. GM has created a separate company called Cruise for those efforts. The company expects to spend $1 billion on Cruise this year.
~~~~~America's persistent problem: Unskilled workers
America has millions of jobs openings -- more than any point since 2000.
On the surface, that's a good thing. It means employers are hiring and the economy is growing.
Deeper down though, a high number of job openings raises red flags because it means companies aren't finding the right people to fill the jobs. It signals a persistent problem in America's economy: the skills gap.
Vacant jobs can cost companies hundreds of dollars a day in lost profits, research shows, and ultimately the job skills gap hurts America's economic growth.