- Successfully addressing growing demand for skilled labor
- A leading source of state-of-the-art education, testing, and career advancement services
- Organically growing revenue through synergies
The construction industry is facing growing demand yet it may have trouble keeping up, given the widespread shortage of skilled workers to fill hourly craft positions – the bulk of construction workers. According to a recent survey by the Associated General Contractors of America (http://dtn.fm/fk0dK), two-thirds of construction companies have a hard time finding enough qualified workers. ProBility Media Corp. (OTCQB: PBYA), a Houston, Texas-based provider of comprehensive e-learning services, aims to help the construction industry by providing consistent, high-quality training for a wide range of trades including electrical, plumbing and HVAC, pipe fitting, engineering and more.
Of a total of 1,459 respondents interviewed in the Associated General Contractors survey, 69 percent are having difficulty finding and filling hourly craft positions, according to a press release. The shortages are more severe in the Midwest, South, West and Northeast and come among a steady growth in demand for construction work, according to Associated General Contractors CEO Stephen Sandherr. The lack of a sufficiently qualified labor force can significantly hamper the construction industry’s development and, ultimately, undermine broader economic growth, he said.
To counter the problem, construction companies are offering higher pay and providing vocational training in-house. Nearly half of interviewed construction companies have increased base pay rates for craft workers, while 22 percent started offering improved employee benefits and 20 percent began to provide various bonuses and incentives. A total of 48 percent of construction firms reported doing in-house training, while 37 percent started to get involved with career-building programs in schools and elsewhere to ensure more access to skilled labor.
The worker shortage is all the more problematic as demand for a wide range of construction industry occupations is only expected to grow further. Electricians, roofers, plumbers and masons are among the most popular trades in the industry and also some of the hardest to fill with qualified workers. According to the U.S. Labor Department, nationwide demand for all these categories will grow significantly faster than overall job growth over the next decade.
E-learning and training programs such as the ones offered by ProBility Media Corp. can help solve the skilled labor shortage that the construction industry is facing. By building the first full service career advancement and training brand, ProBility aims to disrupt the skilled technical trades training industry.
The company provides a wide range of online education and training programs, career advancement, and compliance content for a wide range of occupations including electrical, plumbing, rigging, craning, etc. A comprehensive selection of online training programs is already available for craning and electrical workers, including online courses and computer simulations. The company also offers handbooks and printed materials to accompany online courses, via its publishing division.
ProBility aims to significantly change the landscape for small and medium businesses by offering high-quality, consistent training materials that are typically only available to enterprise level firms. While continuing to expand its roster of e-learning, testing and training services through organic growth as well as acquisitions, the company is set to position itself as a leading source of state-of-the-art education, testing and career advancement services for small, medium and large enterprises alike.
For more information about ProBility Media Corp. and the company’s comprehensive e-learning and training services, visit www.ProBilityMedia.com
Let us hear your thoughts: ProBility Media Corp. Message Board
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.