- eLearning programs to close the skills gap
- Shortage of electricians on the horizon
- Building an international training brand for technical vocations and trades
Although the details have not been published to date, Infrastructure Week, in early June, kept alive the hopes stemming from President Trump’s campaign promise to spend $1 trillion updating America’s aging infrastructure. If that grand initiative gets underway, thousands of skilled workers in a variety of fields will be required, but are they likely to be there when we need them? With the Bureau of Labor Statistics (BLS) reporting the national unemployment rate for June 2017 at 4.4 percent (http://dtn.fm/uIE09), employers are finding it increasingly difficult to find the right hires, and millions of jobs remain vacant. Yet many of the unemployed cannot fill those positions, since they lack the required skills. To close this skills gap and make American workers infrastructure-ready, ProBility Media Corp. (OTCQB: PBYA) is offering a comprehensive suite of eLearning and training programs. The Houston, Texas-based company is building the first full service eLearning training and career advancement brand for technical vocations and trades.
Those infrastructural projects rebuilding roads and bridges and dams are going to need thousands of well-trained HVAC (heating, ventilation & air-conditioning) technicians, plumbers, and electricians. Electricians, particularly, are forecast to be in high demand. The BLS estimates that about 86,000 additional electricians will be needed by 2024. This rise in quantity demanded over the next seven years will be driven by the wiring of new homes and businesses, as well as an overall growth of the construction industry.
Due to these developments, the electrician field is projected to see a much faster than average growth rate of 14 percent in the years ahead, resulting in 85,900 new jobs by 2024. In addition, the BLS notes that because many employers have reported “difficulty finding qualified applicants,” a shortage of electricians is looming (http://dtn.fm/Wd04j). This shouldn’t be. The median income for electricians is $51,880, higher than that for construction trades workers and higher than the median for all occupations. Electricians, it seems, make livable wages in a high-growth career.
With ProBility’s comprehensive suite of eLearning and training programs, budding electricians can build their resumes and their skills to take on those lucrative roles. But the company has positioned itself as a key industrial training resource not only for individuals, but for small- and medium-size businesses (SMEs) and enterprise customers. To individuals and institutions alike, ProBility’s objective is to offer consistent high-quality training services and materials for education, testing, and career advancement.
ProBility is endeavoring to become one of the largest certification providers in the country, with programs in 22 states and a goal of servicing all 50. It is pursuing a roll-up strategy in the disparate vocational training space, acquiring and amalgamating educational services for a variety of skilled trades under one roof, a strategy that is already showing signs of success. Revenues for the quarter ended April 30, 2017, were $1.8 million, up 153 percent over same period 2016, and revenues for the first six months of the 2017 financial year, at $2.9 million, were just below whole year 2016 revenues of $3.1 million. If sales continue at this level, ProBility is on track to see top line revenue exceed $7 million for 2017. The bottom line will be a better-trained workforce ready and able to take America’s infrastructure into the 21st century.
For more information about the company, visit www.ProBilityMedia.com
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