Fiatech is an international community
of passionate stakeholders working
together to lead global development
and adoption of innovative practices
and technologies to realize the highest business value throughout the life
cycle of capital assets.
planning

Developing Core Technology Competencies

Business Case

The engineering and construction industry is experiencing severe shortages of qualified personnel. This is a complex problem that includes a gap between the technology core competencies that industry requires and those that are currently being produced from educational institutions.

In most cases, the first year after graduation is spent teaching the individual technologies and needs of the business - some say that the core knowledge necessary to be successful are lacking.

Graduate productivity is lower the first year. Generally speaking, the industry has not shared what they are looking for or need. Providing a roadmap of core competencies deemed essential by members of FIATECH will assist universities and trade schools in the preparation of their graduates, which will make new hires more productive earlier.

This should be considered cost avoidance for industry by specifying competencies that the industry deems necessary. Moreover, graduates will feel better joining the workforce, which should increase morale.