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8 Questions Successful Managers Ask Before the End of the Year

December 8, 2021 by Aylish DeVore

The end of the year is filled with annual performance reviews, P&L reports, end-of-year budget meetings, a never-ending to-do list, and a thousand other holiday errands. As busy as the end of the year wrap up may be, the opportunity of a fresh start and a new strategic perspective on the coming year is something all leaders should take advantage of. That being said, good business strategy cannot be reduced to a quick planning meeting. It is important to prioritize the time to self-reflect and ask yourself the right questions, because the strategy you plan now has a direct and lasting impact on what your next year will look like. Palena Neale emphasizes that it is vital that leaders make time to reflect on the past year in relation to business goals, actions, values, successes and, of course, their "best" failures.

As you sit down to review the last 12 months and begin planning future strategies, it’s common to feel overwhelmed and left asking, “where do I start?” We’ve gathered a list of the top eight questions successful managers ask before the end of the year to ensure you get started on the right track in the year ahead. These questions are designed to zero in on the important things that tend to get overlooked in the holiday haste. As a best practice moving forward, you can also implement opportunities to review and follow up on these questions quarterly. Checking in on these main ideas will lead to a more realistic view of the overall year and in turn be a more productive use of your time.

8 Questions Successful Managers Ask Before the End of the Year

Question #1: How would I Summarize the Year?

Looking back on the entire year can seem daunting but it’s a great first step in your reflection process. Take a step back and review the past year as a whole. How would you summarize the outcome? Check in with the business goals you had set for the year and see what was met and what fell short. Take this time to dive into the overall performance of your team, individual employees, and most importantly, yourself as a manager.

When looking at the overall performance as a team and individual employees, it’s important to remind yourself to humanize the workplace. It’s okay to report on highs and lows of the year and have open conversations around both. Collaborate with your team about next steps and break down the work that comes from it. When evaluating yourself, don’t be afraid to be brutally honest and truly look for areas of improvement. Once you gather your findings in each area, ask yourself what you can learn from each. List out clear takeaways that you can turn into actions items to accomplish in the future.

Question #2: Where was the Majority of My Time and Energy Spent in 2021?

Pull research and look back to find where your time was allocated the most and where it was lacking in the past year. Are these findings sustainable going forward? Do they make sense in relation to your business goals? When looking at how time was spent, try to pinpoint what caused stress and be aware of signs of burnout.

Stress in leadership can lead to more negative effects than just personal wellbeing – businesses in the US suffer a $300 billion loss every year because of workplace stress. Additionally, almost 60% of leaders reported feeling tired at the end of each day, which can be an indication of burnout. One recent survey found that 44% of leaders who felt worn and used up planned to move to a new company in order to advance their careers. When deciding how to disperse your time, remember that when you’re at your personal best, the company can succeed. Inga Bielińska, a coaching and consulting mentor, recommends looking at the coming year’s agenda and planning for family events to participate in, friends’ reunions or routine outings to go to, winter holidays, summer holidays, and regular “me time” to help combat stress.

Question #3: What Areas Can I Take a Step Back From?

According to a recent survey, developing the next generation of leaders is the top challenge for 55% of CEOs. In most cases, taking a step back will create the opportunity to delegate tasks and responsibilities to those who are ready to step up in the company. This allows you to encourage individual growth on your team and it frees up your time for overall business development opportunities. It’s a win-win. Remember it’s your team who has led the company to its success so far. Trust them to take on more responsibility and show you what they can do!

Once you identify areas you are able and willing to delegate, set aside the time and resources you’ll need to properly train the individuals taking them on. Avoid throwing anyone in the deep end and make sure they are confident in their new role and expectations. Additionally, schedule future meetings to follow up on how things are going after team members have had time to settle into those new responsibilities. This will allow them the opportunity to ask questions and will ensure you are both on the same page moving forward.

Question #4: Where am I in My Personal Five-Year Career Plan?

This is the time to be a little selfish. Just as you would evaluate business performance, it’s equally important to conduct personal evaluations. Check-in with yourself and your business goals – more specifically, where you are in your 5-year plan. You can do this by conducting a personal SWOT analysis and looking at it from a technical standpoint. Loren Margolis, from Training & Leadership Success LLC, suggests asking yourself questions such as, "What are my top leadership strengths and weaknesses?", "What are my growth opportunities?", and "What are the internal (mindset) and external (marketplace) threats to my success?"

In the same sense, take this time to revisit your long term goals. When answering these questions, you’ll determine if you’re on track with your goals and certain areas that need more attention. Remember that all goals are works in progress and you can add and adjust them based on where you are today. Once you’ve reflected and updated, you’ll need to develop an actionable plan to continue on the path to meeting those milestones.

Question #5: How is Overall Employee Engagement?

Once you take a look at your personal progression, the next step is to do the same for your team. This starts with evaluating employee engagement. Studies show that 78% of business leaders are focused on improving their engagements with employees. In turn, engaged employees outperform their peers that are not engaged – and overall, companies with high employee engagement are 21% more profitable. A good place to start asking the right questions is during employee performance reviews. G. Riley Mills, from Pinnacle Performance Company, shares that “despite common conceptions about workers receiving performance-based feedback, research shows that they not only want it, but they also want to give it to you. A whopping 65% of workers want more feedback – and that number swells to 80% for younger workers (76% of which also want to give their bosses feedback).”

Before the new year, carve out the necessary amount of time to meet with employees one-on-one to touch base. Take this opportunity to notice anyone starting to show symptoms of burnout, or those who need more of a challenge. Be sure to set the necessary follow ups to discuss next steps and note who will need more attention in the coming year.

Question #6: What Gaps Does the Team Have?

No team is perfectly balanced all the time, especially when the company needs to make changes to stay competitive – and that’s okay. When looking for gaps, it’s easiest to tackle this separately from performance reviews. Individual annual performance reviews are critical, but they don’t give a holistic, big-picture view of a team. Meet as a team and create an open discussion regarding where employees are noticing gaps – be open to feedback.

Once identified, categorize them by priority. Which gaps are the most important to close and which are less urgent? Analyze what it would take to close them, such as incentives for the team to work harder, redistributed duties, improved technology, new hires, or more training. Prioritize which gaps to close based on projects and available resources. Oftentimes this can lead to the realization of necessary budget increases for departments. Going into that discussion with this tangible analysis can help increase chances of approval.

Question #7: What Technology Changes are Around the Corner?

Automation, smart devices, IoT, cloud computing, and other advances are changing the landscape very quickly, even in businesses outside the technology industry. No matter the industry, ask yourself how you will remain innovative in the near future. As remote work has taken off in the past two years due to Covid-19, technology and processes have advanced quickly to meet the communication standards among teams working across the country. Many businesses have identified software, programs, and devices to implement or better utilize for reliable internal communication, streamlining processes, remote work, etc. The innovation of 5G has brought a particular shift in advancing technology we use daily.

More specifically – cybersecurity has proven to be more important every year. It’s crucial to keep teams up to date about what skills they need to stay competitive. Additionally, pay attention to market trends throughout the year – last-minute technology upgrades are never convenient or cheap. After you reflect on these points, you may find it’s time to hire new IT professionals or teams to manage internal technology advancements. Remember that Blue Signal can help!

Question #8: What Would a Successful 2022 Look Like to Me?

After all the self-reflection and input from the team, the last step is to set business goals and intentions for the year. The hardest part of goal-setting is being realistic. Keep in mind – not all dreams should be goals. A great place to start when mapping out your business goals is to ask yourself what will stay the same, what will change, and how. All of these answers should lead to insightful follow up questions and provide you with the necessary steps needed to plan for success.

When setting these intentions, it’s important to focus on hard numbers and actionable projects. In turn, this helps outline expectations and clearly communicates what considers a goal complete. The best goals have benchmarks and key performance indicators to measure success along the way. A great tip is to dig up your previous business goals - not just from this last year, but 3-5 years back - and look for trends. Look for similar, overly ambitious goals you tend to make year after year and decide how to make them more achievable or choose to scrap them altogether. If you find yourself getting stuck and unsure of what’s important, ask your team for input! This will ensure all department’s individual business goals are represented in some way when it comes to the company’s future plans.

Once you’ve settled on your goals – memorize them. Throughout the year you should be able to clearly visualize what you’re going to accomplish – almost manifesting the outcome. Share company business goals with your team as well and remind them to refer back to them often.

In the busy month of December, it is easy to get buried in small tasks and miss critical opportunities to get ahead in the coming year. Optimizing these questions can help you stay organized and zero in on important business goals and action items to take. When reflecting, remember to celebrate the wins as a team and try not to tread on the goals you didn’t hit. A new year is the perfect opportunity to clean the slate and start fresh with an ambitious mindset. Alexsys Thompson, from Alexsys Thompson Intl., states that “as a leader reviews the wins and losses of the previous year, it is powerful to revisit the wins that were experienced, and acknowledging the misses through story will help ensure lessons are taken forward as valuable learning experiences.”

As you build out your 2022 strategy, remember Blue Signal can be a vital resource! Our seasoned recruiters can partner with you to help answer these questions and deliver action items related to hiring to hit your business goals in the year to come. Contact our qualified team of recruiters to learn more about the wide range of services we offer.

Filed Under: Blog Posts, Career Advice Tagged With: #Business, 2022, 5 year plan, 5g, automation, budget, Business Development, business goals, Cloud Computing, cybersecurity, employee engagement, employee feedback, employee motivation, employee perks, EOY, evaluation, goals, hiring manager, hiring managers, holiday, innovation, iot, IT, leadership, long term goals, management, manager, new year, P&L, performance review, planning, Project Management, recruiter, recruiting, remote work, reporting, Reports, smart devices, strategy, strategy planning, technology, time management, WFH, Work from Home

Illuminating the Right Talent: The Future of the Lighting Industry

November 17, 2021 by Aylish DeVore

The initial boom of the lighting industry began with fluorescent lighting in the 1930s and 40s. Since then, the lighting industry has expanded and transitioned into a much higher technical and innovative field. LEDs dominated the lighting industry in 2020, sweeping 61% of the global lighting market. According to Mordor Intelligence, the LED lighting market was valued at $75.81 billion last year and is projected to grow to $160.3 billion by 2026.

Seasoned by 80+ years of evolvement, the lighting industry continues to innovate and expand market reach across almost every industry you can name. Lighting is in everything, everywhere, and affects everyone in all aspects of our daily routines. As we’ve come to rely on and expect this advanced technology, it’s often easier to overlook this market as one of the driving forces of innovation. One of the key advancements we’re seeing in the lighting industry is its entrance into the digital world. The lighting industry is stepping into the spotlight across the technology industry. Key companies and manufacturers are taking advantage of the use of lighting; digitally, wirelessly, and sustainably. The lighting industry as a whole is moving beyond its traditional purpose of illumination and adding value to tangible aspects of our, technologically advanced, new world.

Future Tech in the Lighting Industry

Technology that will Shape the Future:

Augmented Reality (AR) & Virtual Reality (VR)

In the near term, the global AR/VR market is expected to grow by $125 billion in the period from 2020‒2024, according to research firm Technavio. As our digital world continues to advance into further capabilities of augmented and virtual realities, the lighting industry will evolve simultaneously. Beyond video gaming and entertainment use cases, virtual reality (VR) is on track to be utilized across a wide range of industries – vastly impacting the way we do business. For example, a lighting designer could sit down with a potential client and physically show how various lighting options would look like at a job site through augmented reality.

This same concept would be transferable across all industries and increase efficiency – leading to less waste, less downtime, and less confusion when delivering a product or service. To advance to this space, technology will need to continue to advance within the lighting industry. Innovations such as liquid-crystal displays (LCDs), digital light processing (DLP), and liquid-crystal-on-silicon (LCoS) lighting have built a strong foundation but individually lack in certain areas. The jury is still out on which innovative solution is to come, but the advancement is inevitable.

Machine Learning (ML)

As we venture into the possibilities of creating fully virtual worlds, lighting technologies are bound to play a major role in the way we create a life-like experience using imagery. But before that can come to fruition, data collection and machine learning (ML) will set the stage. The lighting industry will rely on this technology to further advance products through the collection of learned data and routines. The data collected by an all-digital lighting infrastructure is essential for diagnostics and root-cause analysis. The ability to detect and minimize premature wear out or system failures becomes essential when implementing lighting technology into critical devices – such as those in the healthcare industry. Further, the ability to digitally learn patterns and routines within homes and businesses will increase sustainability and cost-saving features by conserving energy during downtime.

Internet of Things (IoT)

In today’s day and age, we rely on the internet to be connected in most of our devices and throughout our daily routines. By no surprise, the Internet of Things (IoT) industry is booming with no sign of slowing down. This has made it a key player in the advancement in the lighting industry. Since lighting is used all around us, IoT enabled lighting advances the development of connected systems. This collaboration of two industries is further enabling smart buildings and devices we use in offices, businesses, and homes. Implementing IoT enabled LED lighting in every room of a building helps create smarter buildings and cities, enabling countless capabilities.

A particular market that is on the rise in the lighting industry is human-centric lighting (HCL). HCL is defined as light that mimics natural daylight throughout the hours of a day that in turn allows our bodies to function in their most natural and effective state. Human-centric lighting is among the key markets that are thought to be most effectively implemented with IoT compatible lighting. Further, we are seeing IoT compatible LED lighting as the powerhouse behind systems that innovate air conditioning and heating, power grid management, and even next-gen wireless communications.

Li-Fi

With the explosive advancements in 5G technology, Li-Fi is has become a key player in the cellular and internet space. As 5G connection ramps up and slowly becomes available, Li-Fi has been able to fill a gap in how efficiently we’re able to access information. Essentially, Li-Fi is the upgraded version of Wi-Fi internet connectivity using light rather than radio waves to transfer connection. With the functionality to transfer data at speeds up to one hundred times faster, it has opened up the unlimited capabilities the lighting industry has to offer. For example, having Li-Fi integrated into LED lighting would create an alternate path for internet connectivity in high traffic and functioning spaces such as commercial buildings such as airports and offices. By being able to transmit at multiple gigabits, being more reliable, virtually interference free, and uniquely more secure than radio technology such as Wi-Fi or cellular, Li-Fi is the key to a connected community.

Lighting Controls

The advancement of IoT and Li-Fi technology has enabled the lighting industry to develop innovated lighting controls. These controls allow for ease of use and functionality within lighting products. With smart lighting as the clear future of the lighting industry and products, these controls have become a vital piece in the inevitable adoption of Internet of Things (IoT) and other advancing technology. From these advancements, sensors and lighting automation have seen an influx in demand. By using integrated sensors and controls, no central control hardware or room-based sensors need to be wired. This allows for a faster installation and increased accessibility. It has now become simple for users to adjust settings, automate schedules, and utilize their lighting products from virtually anywhere by connecting through portable applications – no cables or wires required. On a larger scale, this capability allows for the collection of important information about the operation of structures or systems such as power grids and emergency generators. Allowing us to make more informed decisions and ensures safety precautions are in place and running smoothly at all times.

The Future of Hiring in the Lighting Industry:

As these technologies linked to the lighting industry continue to advance, what does this mean in terms of the industry’s job market? For clients, candidates, and recruiters alike it means honing in on key skill sets and niches that stand out. One of the top skills impacting the lighting industry involves controls implementation. This certain integration with other technologies is not an intuitive process and requires specific education that is not simply taught on the job. In today’s job market, electrical contractors can differentiate themselves by their ability as system integrators. In turn, recruiters can highlight these candidates and hiring managers can start their search for these candidates while the supply is still available. A working knowledge of the various protocols and best practices for integration will be critical for the foreseeable future.

Li-Fi is another key market that should be narrowed in on when sifting through candidate’s skills and knowledge. This new technology has momentum, products are available, and the limitations of 5G in interior spaces will further accelerate the value of Li-Fi in the marketplace. Electrical engineers that understand the implementation of data-flow solutions through Li-Fi-enabled fixtures will be vastly sought after in the lighting industry.

Lastly, COVID-19 has brought on an increased need for advanced technology within the healthcare industry. Niche market segments like ultraviolet disinfection products have increased in demand. Ultraviolet light has been used to sterilize and disinfect medical equipment for quite some time but lacked innovation as of recently. The global impact of the pandemic triggered researchers across the globe to develop an ultraviolet LED solution to disinfect and sterilize hospital beds, floors, and surfaces more thoroughly than ever before. This has become critical technology and with its new advancement, the lighting industry is predicted to build upon these innovations and further implement them across industries.

As we can see, lighting plays an integral role in essentially every market sector. Coupled with recent innovation in technology, the capabilities are endless. With the overall theme of emerging tech moving toward all-digital infrastructures, every new innovation in the lighting industry leads to a golden opportunity to lay the foundation for advancement. The global lighting industry is expected to grow to $163 billion by 2027, which has proven itself not to be a market to overlook. When navigating this exciting time in a growing sector, utilize the expertise of Blue Signal’s recruiters who are seasoned with over 15 years of experience hiring within the lighting industry. We are a trusted source with a firm understanding of what it takes to find qualified candidates – faster than the speed of light. Reach out to one of our specialized recruiters today and start illuminating the way to your perfect hire or dream job.

Filed Under: Blog Posts Tagged With: #recruiting, 5g, 5G technology, AI Technology, AR, augmented reality, Biotechnology, blog, cellular, Digital Age, digital recruitment, DLP, emerging tech, emerging technology, HCL, Healthcare, healthcare industry, Human-centric lighting, innovation, internet of things, iot, LCD, LCoS, LED, Li-Fi, lighting, lighting controls, lighting industry, Machine learning, medical devices, recruiting, sensors, technology, virtual reality, VR, wi-fi, WiFi, wireless technology

How 5G Will Revolutionize the Way You Do Business

January 6, 2021 by Aylish DeVore

By now you’ve probably caught the buzz about this thing called 5G that’s coming to change the world… but what is it really? And what will it mean for your business once it’s here? 5G is the 5th generation mobile network and the new global wireless standard. 5G wireless technology is meant to deliver higher multi-Gbps data speeds, much lower latency, massive network capacity, increased availability, and a more uniform user experience to more users across the globe. Simply put, it’ll make your mobile connectivity faster and more reliable. This technology is a huge breakthrough in wireless tech and some industry insiders have gone so far as to say that the 5G network will be as revolutionary as the printing press, the automobile, and electricity. So the question is, have you thought about how your business will change? In this blog, we’re hitting on all the key features of 5G that will revolutionize the way you do business and how to utilize them most effectively.

Ability to Work From Anywhere

With the recent pandemic and the majority of the nation’s workforce working from home, the capability to connect wirelessly, from any location is more necessary than ever. 5G enables just that; making being chained to an Ethernet cable or within range of a Wi-Fi hotspot a thing of the past. With the power of 5G, users will be able to connect to high-speed connections from just about anywhere. Yes, anywhere. A recent study shows 62% of employees work remotely at least part-time and this number only continues to rise as more employers continue to enforce health and safety precautions. With the abilities of 5G, businesses will be able to allow even more flexibility to their employees when it comes to working locations. In turn, this creates a larger candidate pool as geographical location ceases to be a qualifier for employees. This ease of accessibility is sure to increase morale and create a more relaxed workforce.

Seamless Functionality

With 5G, not only will the connection be vastly available but the functionality will be seamless. Through its fluid capabilities, 5G allows not just remote work but virtual work. The difference? Users will be able to access data, communicate with co-workers, collaborate on projects just as seamlessly as if they were physically in the same room. Remote workers will no longer be held back by needing access to large amounts of data, or a brainstorming session interrupted by poor video connection and lag. Further, with the increased capability, running more advanced technology becomes a breeze. Businesses will be able to access and implement virtual reality, augmented reality, and AI technology into their typical work routines creating a more connected and technologically advanced environment.

5G to Increase Productivity Poll

Increased Productivity

The entire workforce is buzzing in anticipation of the impact 5G will have on the way we function. 91% of US organizations and 88% of small to mid-sized enterprises agree that 5G will increase productivity. As mentioned earlier, lagging connections and download speeds can really disrupt remote and in-office employees’ workflow and attention span. Significantly faster data speeds mean far lower latency while waiting for a file to load, a meeting to start, attachments to download, etc. A big contributor to slow or glitchy connections is an influx of users in a centralized area. 5G allows for up to a million devices per square kilometer, making high-speed connections seamless even in extremely high traffic areas. There is an overwhelming amount of both large and small impacts that will contribute to maximized productivity from every angle. Even something as small as improved energy efficiency will result in prolonged battery life on devices, eliminating time searching for a lost charger or an outlet in a crowded coffee shop.

Improve Company Communication & Culture

Especially in the current state of the world, having a strong company culture is more important than ever to keep employees engaged. Human connection and interaction is key to keeping a positive mindset throughout the office and even more so for employees working at home. Companies are hiring more remote employees, expanding across the country and even the globe. While this leverages several benefits, it also can create some challenges in developing an inclusive company culture and connected dynamic. All of the capabilities 5G will introduce into your business play a role in how you’ll connect and interact internally, no matter your organization’s geographical location. Trust us, boring conference calls will be a thing of the past as the potential of 5G innovations expand to holographic calling, enabling users to view 3D presentations with or without glasses, and interactive meetings utilizing AI technology. Why would you choose to use small chat boxes on computer screens when augmented and virtual reality connectivity will run seamlessly?

It’s clear to see that the power and innovation 5G is bringing will revolutionize the way people do business in a big way. Here at Blue Signal, we plan to utilize many of these advancements in multiple aspects of our business. One area we are excited to embrace is the ability to further empower our remote employees’ flexibility in where and how they work. Blue Signal has a long history of leveraging a geographically diverse team as we’ve had recruiters working from all over the country since our inception. The ability to further advance the way we communicate and engage with each other internally will be a huge initiative in the coming year as we look forward to continuing to nurture our tight-knit company culture. Additionally, the connectivity and seamless functionality of 5G will allow us to better serve our clients and candidates. As the recruiting industry continues to grow, we continue to stay committed to rising above the norm by utilizing the most effective resources, technology, and processes available to us. Reach out to one of our recruiters today to talk about what 5G advancements mean for your workforce and how you can capture these benefits.

Filed Under: Uncategorized Tagged With: 5g, 5g benefits, 5g network, AI, AI Technology, artificial intelligence, augmented reality, benefits, blog, business, communication, connected devices, connection, connectivity, corporate culture, corporations, culture, data, data speed, efficient, emerging technology, enterprise, features, IT, pandemic, Productivity, reliability, remote work, remote workforce, small businesses, sustainability, tech, tech business, Tech industry, technology, virtual culture, virtual reality, WiFi, wireless, wireless technology, workplace culture

Talent Gaps in Electrical Engineering: Awful or Opportunity?

July 30, 2020 by Lacey Walters

With the 4th Industrial Revolution, there have been expansive job opportunities in emerging technology such as artificial intelligence and data science. Locally, reports show that every 100 tech jobs created in Arizona result in 252 jobs in other sectors. From manufacturing all the way to sales - each job vertical has expanded due to new developments in systems, applications, hardware, and software. However, it seems like much of the allure within these jobs leans more toward high-profile software-oriented companies like Facebook, Apple, Amazon, Netflix, and Google (FAANG). In one survey by Deloitte, over 77% of respondents believed there is currently a talent shortage within the semiconductor industry. Without chip designers, system engineers, and other EE talent, those FAANG companies would not be able to operate. Is this cause for concern? Or is there opportunity within this talent gap? 

Issues with the Talent Gap   

Last year KPMG found that 64% of semiconductor executives named “talent risk” as one of the top three threats to their organization’s growth. As technologies like IoT, Artificial Intelligence, and 5G evolve and are streamlined, new enhancements need to be invented to support them and remain competitive. The end of Moore’s Law put this need for innovation into an even clearer perspective. Yet, industry leaders are struggling to react to this need through skill development, education utilization, and developing an overall talent strategy. This means,despite growing demand for semiconductor technology and innovation being developed in this space at lightning speeds, industry leaders are still struggling to attract qualified talent and retain their skilled employees. 

The number of qualified candidates in the industry today are not meeting the growing need. MRL, a recruiting group, estimates that half of the current semiconductor employees are likely to retire in the next 10 to 15 years - with hardly anyone qualified enough to fill those gaps. With people retiring out, and few newcomers - the talent pool is shrinking. In order to keep up with demand and to stay relevant in the marketplace, semiconductor companies need to establish better plans to address the talent gap.

Part o the problem lies within the marketing of the semiconductor space. Today’s STEM graduates want to be on the cutting edge of technology - and are drawn to the allure of big-name software companies which are constantly covered by the industry, and make a visible impact on people’s lives. On the flip side, the direct impact semiconductors, electrical components, and analog technology have on everyday life is not as well-known. Compared to other tech giants, 59% of respondents in Deloitte’s survey said that the semiconductor industry’s career path was just not as attractive. They also found a high rate of turnover in semiconductor companies, as well as a lack of knowledge on how to apply those highly technical skills to grow their career throughout the industry. 

The industry is in need of a recruiting update - with one survey finding that 55% of companies feel unprepared to tackle the issue of attracting larger numbers of young people and graduates. These chip design and electrical engineering-focused companies need to focus on attracting and developing new talent to keep pace with the rest of the tech industries. Particularly, they need to learn how to market to millennials - as they have become the largest demographic group in today’s workforce. 

EE Talent Gap Stats Infographic

Areas of Opportunity 

All of this information seems pretty bleak, however, it leaves some pretty clear action-items on ways to turn this talent gap around. If the semiconductor industry wants to attract more talent, they must work on marketing themselves better to those entering the workforce. If they wish to retain their talent, they need to create more skill development opportunities and establish more career paths. 

A key trait of the career-seeking millennial is wanting their work to have a tangible impact on daily life. That’s why they are so drawn to big software companies; it is easy to find people who use those products and services every single day. Competing with this brand familiarity and accessibility is difficult, over 60% of executives surveyed by Deloitte felt that companies in the semiconductor supply chain suffer from poor brand image compared to those other technology companies. Better employer and industry branding could help reverse this. When it comes to marketing to graduates, it must be made clear the exciting and direct impact semiconductors have on everyday life - whether that be through 5G, IoT, automotive, industrial, or consumer applications. By showing the impact, millennials will come to imagine a satisfying and rewarding career within the space. 

It doesn’t help that the methods are outdated. From slow hiring processes to uncompetitive salary offers, millennials are not lining up for this old fashioned workplace and recruiting model. One microelectronics researcher stated that, “The jobs waiting for them after graduation are often limited and pay relatively poorly. It is much more appealing for these top engineers to go to big internet companies and create applications and software, rather than spend 5-10 years in a small lab doing extremely difficult and expensive hardware research.” From the outside looking in, they are seeing a lack of support and collaboration within these roles, and are having a hard time envisioning a solid career path within the field. To combat these feelings of disdain, a tech recruiting firm out of Europe suggests increasing recruiting efforts at universities and reevaluating what is offered to employees. Initiating R&D projects with universities, providing more mentorship and trainee programs, and other career development opportunities would help engage internal employees while also giving students an inside look into the job. 

As the digital design of systems and applications continually changes, so should the methods by which employers build their roadmaps to keep ahead of the innovation and develop their internal talent. Those within the electrical engineering space today are experiencing some key pain points as well when it comes to entering and staying in the semiconductor vertical. One survey found that 60% of their semicon employees leave their jobs within 3 to 5 years, pointing to an employee retention issue. In addition to regular salary and title evaluations, on-the-job learning, advanced degree training programs, and other career guidance pathways should help retention. 

The United States is not alone in this struggle, with the semiconductor talent shortage impacting businesses all across the globe. China and Singapore have been developing talent acquisition and talent retainment strategies in recent years, and we can learn from them. China is taking the homegrown talent pool approach, and looking to strengthen education for graduates, improve the benefits for their current engineers, and support research and development throughout the STEM sector. Meanwhile, Singapore is using strategies backed by Accenture and their own Economic Development Board to bolster the talent pool. This includes collaborating with the government on building out a roadmap and support stream in preparation of Industry 4.0, implementing new routes for cross-functional learning within the tech space, and forming workforce support in the form of unions and business chambers to develop transition paths. All of these efforts help to create long-term solutions that build the talent pipeline for semiconductor jobs now and in the future. 

Key Takeaways 

It is estimated that the semiconductor industry is the fastest growing electronic component industry in the US. There is significant opportunity there for those that have the knowledge! And, for those who know where to find the talent. Moving forward, retention tactics need to be better emphasized, and marketing efforts better funded. The semiconductor industry has a lot to offer, but has done little in the way of advocating for itself when competing against software and application giants. The good news is, you now have a friend in the business who understands the gap in the market and can help you build your pipeline and strategy to ensure your company comes out on top. Through strategic developments in marketing, education, and recruiting efforts, the semiconductor talent gap can be minimized. 

In Blue Signal’s home state of Arizona, the technology sector is growing at a pace 40% faster than the rest of the nation, with a 5% wage growth. Here, the governor plans to budget $12.5 billion to STEM workforce training and education. Arizona is ranked second in the nation for net new tech business establishments - right behind New York City. By tapping into local talent and Arizona college programs, Blue Signal has a unique opportunity to capitalize on this growing job market and talent pool. We understand the challenges and competition out there and have proven ourselves successful in overcoming these obstacles to help find companies educated and experienced professionals in the electrical engineering space. Contact one of our specialized recruiters today to discuss your opportunities for talent acquisition - some of which might be right in your backyard. 

Filed Under: Blog Posts, Engineering Tagged With: 4th industrial revolution, 5g, automotive, chip designers, consumer applications, digital design, EE, electrical engineering, electronic component, emerging technology, employee retention, FAANG, industrial, Industry 4.0, microelectronics, recruiters, recruiting, recruiting firms, Retention Tips, semicon, semiconductor, STEM, talent gap, Talent Retention, tech business, technology

Top IoT Industry Trends of Q1 2017

April 19, 2017 by Lacey Walters


The Internet of Things has enjoyed top buzzword status for a while now, but the technology has made steady strides away from the hype and towards a tangible, profitable reality. Here are the top trends of IoT since the start of 2017:

1. 3GPP Standardization of NB-IoT (Narrow-Band IoT) for LPWAN

NB-IoT technology took a leap forward last month when Cisco and Optus announced at Barcelona’s MWC they have completed live trials of NB-IoT technology on the Cisco Jasper platform. Most new connected devices are expected to launch on an LPWAN (Low Power Wireless Access Network) platform, especially inexpensive devices that use low levels of power and large ranges (smart umbrellas and toasters, for example).

NB-IoT is shorthand for Narrowband IoT (NB-IoT, also called LTE-M2). It is a radio technology standardization proposal developed by Huawei, Ericsson, Qualcomm, Vodafone, and other telecom heavy hitters. The Internet of Things is made up of hugely diverse smart devices—from airplanes to bracelets. To improve interoperability, NB-IoT was designed to allow many different types of devices and connectivity services to connect over cellular telecom bands—not just smartphones and tablets. Read more about NB-IoT here.

 

2. Connected Cars & Self-Driving Technology

CES 2017 was dominated by connected cars and related self-driving technology, with over 1000 exhibitors featured vehicle technologies or accessories. Tesla investors worried last year that self-driving technology would take a nosedive after one of their test drivers was killed last year in a fatal crash. However, commercial and private interest has grown by leaps and bounds. Uber got an early lead in the driverless tech race when it began testing driverless cars late last year in Phoenix, Pittsburgh, and San Francisco. Despite setbacks when a driverless car crashed in Arizona this month, the program is back on track. Google, Ford, and GM have also been testing self-driving technology in the United States.

Uber Self-Driving Car

Image credit: Business Insider

 

Intel is the biggest newcomer to the driverless technology arena. In a $15 billion deal on March 14, it purchased Mobileye, an OEM for driverless vehicle sensors and cameras. Uber’s driverless vehicles use a sophisticated combination of roof-mounted LiDAR sensors and color cameras to interpret the road. Intel is expected to scale similar digital vision technology components to sell to automakers that cannot make the huge investment necessary to develop the technology in-house.

CES 2017 Divergent 3D Connected Car

Image: At CES 2017, Divergent 3D unveiled the Blade, a 3D-printed connected car.

 

In the connected car software arena, AT&T boasts that it already connects 11 million cars on its network. Cisco’s Jasper IoT software now supports 50 vehicle brands, including Honda’s proprietary MyHonda Connected Car platform. Cisco has had many wins in the IoT arena with its Jasper platform, releasing smart solutions for fleet management, connected buildings, industrial equipment, and more. Over 9000 companies and 40 million smart devices run on Jasper’s Control Center software, with millions of devices being added every month.

 

5G Advancements

At Mobile World Congress 2017, South Korean carrier KT announced that it will have the world’s first commercially viable 5G network by 2019. While this is many years away from reality, many service providers are shifting discussions away from features to talk about standardization opportunities. Without a concerted standardization effort, 5G will likely take much longer to launch and be slower to grow once it does.

Ericsson recently launched its “5G for India” program to conduct 5G testing and ecosystem development in India. Many governments are considering their options for modernizing infrastructure to prepare for 5G, including China, the UK, and Thailand. Any country that gets an early lead in 5G availability will likely enjoy an economic leg-up over less connected countries. The challenge is that many infrastructure must be built from scratch, especially in countries with large rural areas.

 

IoT Security

Due to last October’s massive DDoS attack that used IoT device back doors to cause massive service outages, security is a top priority in the IoT space. Authentication and device-specific security are improving, but Sanjay Khatri, director of product marketing for IoT Services at Cisco, says that IoT security “takes a village.” If the network is secure but hackers can penetrate the device itself, the security chain has failed. Security is necessary at every link of the IoT value chain.

Information security is an escalation war, and providers at all levels are racing to protect IoT devices and applications against digital attacks. One of the most important IoT security measures already in use is REST-based APIs, which protects the movement of data between devices, applications, and back-end systems. Many device manufacturers are building two-step or even three-step authentication features into their devices. Instead of a single password, many connected things use biometrics (like a fingerprint) or digital certificates in addition to passwords and PINs. Beyond the device layer, cloud platforms like Cisco Jasper rout the data through VPN tunnels to prevent DDoS and similar network-wide outage attacks.

 

Have a hiring need or questions about the IoT industry? Contact us for a free consultation at info@bluesignal.com.



Filed Under: Blog Posts Tagged With: 3d printed, 3GPP, 4G, 5g, ces, connected cars, connected devices, cybersecurity, emerging technology, internet of things, iot, job market, LPWAN, lte, m2m, NB-IoT, self driving car, smart devices, technology, uber, wireless

Small Cell Industry Trends & Talent Predictions

March 24, 2017 by Lacey Walters

Trend #1:  Outdoor Small Cell Growing 50% Faster than Indoor Solutions

The original purpose of small cells was to efficiently reuse spectrum as a capacity solution – not as a replacement for cell towers. However, outdoor small cell use as a coverage solution has grown significantly, both in rural areas and dense urban areas. While DAS and low-power small cells are well suited for indoor applications like office buildings and open-air venues like stadiums, high-power small cells are gaining ground in outdoor applications. Carriers have found that it is cheaper to densify and reuse spectrum rather than buy new blocks of spectrum for macrocell coverages. The major takeaway is that network providers and customers are taking a more nuanced view of coverage that includes a mix of small cell types and power levels to provide efficient, reliable coverage and a better handling of capacity.

Small cells still cannot beat the distance and power of macrocells (1 macro tower equals 10-30 small cells), but small cells are a cheap and effective way to patch coverage holes (at least for now — the maintenance and backhaul costs are still significant). Verizon is investing heavily in small cell densification in preparation for 5G and to support larger capacity demands. It has announced that it will begin commercial deployments this year.

Small cell comparison chart

Chart: Small cells include a mix of indoor/outdoor and high/low power solutions. Small cells improve network coverage and/or capacity. Wi-Fi is included for comparison, but is not considered small cell. 

 

Only two-thirds of new small cells are indoor, and the rest are deployed in outdoor environments. The United States is a hotbed for telecom innovation, but international demand is growing strongly as well. In the next two years, outdoor small cell is projected to jump 600%. By contrast, indoor/in-building solutions are projected to grow only 400%.

One important point to note: this small cell definition includes femtocells, whose cell radius is usually less than 50 feet and can service about 5 users at once. While femtocells do technically qualify as DRAN small cells, their application differs from other members of the small cell family.


Trend #2:  Wi-Fi Starts to Slip

It is surprising to think of Wi-Fi as an obsolete technology, but industry trends show that Wi-Fi may be on a downward slope. It used to be that only a lucky few had access to unlimited data plans, usually grandfathered from years past. Today, unlimited data plans have made a comeback. T-Mobile, Verizon, Sprint, and AT&T all offer unlimited data plans. Slower speeds have replaced overage charges for heavy data users.

LTE’s biggest advantage over Wi-Fi is that LTE can be taken anywhere (and Wi-Fi, which is an extension of LAN, will never be as mobile as LTE). As data usage climbs, people expect to use all of their devices everywhere, and finding a Wi-Fi hotspot becomes more of a burden. Coffee shops and public areas are less enthusiastic about footing the bill for Wi-Fi when many customers only buy a cup of coffee and use the network for hours. Wi-Fi technology is fussy and less secure than LTE. As security becomes more and more of an issue, customers are likely to demand LTE-based solutions over Wi-Fi. This trend will accelerate as expanding technology offers more options for less money.

Unlicensed and Licensed Spectrum

Overview of key differences in LTE-U, LAA, and MuLTEfire by Qualcomm.

Image: Overview of key differences in LTE-U, LAA, and MuLTEfire. Source: Qualcomm

 

Unlimited data is not the only competitor to Wi-Fi. Carriers are rushing to densify networks and expand unlicensed spectrum coverage, a family that includes LTE-U, LAA, and MuLTEfire. Wi-Fi is becoming more of a niche technology than the go-to. LTE-U (deployments in the US, Korea, and India) and LAA (deployments in the EU, Japan, and others) use unlicensed spectrum aggregated with licensed spectrum as a Wi-Fi coexistence strategy. They improve the signal without interfering with Wi-Fi. MuLTEfire, by contrast, is LTE realized fully in unlicensed spectrum, and it poses the most serious threat to Wi-Fi. The technology may advance to the point where customers can install a private LTE router in their homes, just like Wi-Fi but with the added benefits of LTE. If the price is comparable to Wi-Fi coverage, this could make home Wi-Fi coverage obsolete.

All the way back to 1993, data usage has never dropped. Growth has accelerated year over year as carriers continue to throw money into network expansion, mostly on outdoor small cell technology to keep costs down and allow for future compatibility with 5G devices.

5G is projected to unseat (or at least compete strongly) with Wi-Fi, especially when it comes to connected devices. Connected devices are compatible with Wi-Fi and LTE, but 5G is specifically designed for compatibility with connected devices. This may prove to be the downfall of Wi-Fi. One opposing viewpoint is Wi-Fi is not going anywhere. As new technology emerges within LTE, Wi-Fi technology is also evolving. New Wi-Fi technologies are closer to carrier-grade — and carriers still rely heavily on their ability to offload on Wi-Fi.

Voice vs. Data Usage since 2011

Mobile voice traffic has been flat since 2011, while data traffic has climbed 1800%

Image: Voice traffic growth has been flat since 2011, while data consumption has jumped over 1300%. Graph: Akamai’s Q2-2016 State of the Internet Report. data from Ericsson’s Mobility Report.

 

One opposing viewpoint is Wi-Fi is not going anywhere. As new technology emerges within LTE, Wi-Fi technology is also evolving. New Wi-Fi technologies are closer to carrier-grade — and carriers still rely heavily on their ability to offload on Wi-Fi.

 

Trend #3: Changing Government Regulations

Many regulations are outdated, obsolete, and have no guidelines for the newest technology, including small cells. This hits hardest at the local level, where budgets are tight and laws can be slow to change. Many local municipalities do not have the resources to keep up with telecom technology that is changing at lightning speeds, let alone revamp the regulations.

Carriers are expecting the FCC to streamline municipal telecom regulations this year to ease the administrative and financial burden of installing small cells, towers, and other network infrastructure. Currently, many cities classify small cells the same as macrocell towers, even though the two technologies have totally different footprints, sizes, and expense. A tower can be hundreds of feet tall, while a small cell can be the size of a lunchbox. However, some cities charge the same fees for both. Some companies have attempted to classify their solutions as public utilities to save themselves hefty permit costs and administrative roadblocks.

Despite some difficulties, there are success stories. The city of Orlando, FL recently accepted bids for a large-scale small cell installation to improve coverage in the city. Some municipalities, especially in tech-friendly large urban areas, are moving ahead with ambitious small cell projects. Laws are changing to better accommodate new technologies. The city of Philadelphia worked with AT&T and Verizon to deploy a 37-node small cell network in anticipation of Pope Francis’s visit in September 2015. The project took only 9 months from start to finish. It was able to proceed thanks to huge public demand and pressure for the city and the telecom companies to work together to achieve a mutual goal.

 

Predictions for Small Cell Talent

Network providers are facing many challenges for their projects, including a severe talent shortage. We predict the following skills will be in highest demand for 2017 and early 2018:

IoT/M2M and 5G

The distance between IoT and small cell is shrinking. As Wi-Fi dependence begins to drop, network providers will need to build more and more IoT/M2M functionality into network designs (especially as 5G comes closer to being a reality). M2M connections are expected to make up almost half of all connected devices by 2020. Specifically, companies will be looking for people with hands-on experience within the IoT value chain. This includes IoT platform design, smart object design, module design, and integration with 3rd party applications.

Because of spectrum limitations, 5G will deploy on a very high frequency, including mmW. This means that traditional cell towers cannot deploy that spectrum, even with advanced beam-forming techniques. Small cells are the only way to deploy the mmW spectrum. This means carriers will have to deploy small cells—possibly on the order of millions—within the next 10 years. Since small cells have design, maintenance, and repair needs just like macrocells, there will be a huge uptick in field work, engineering, construction, and related job duties.

This is one of the biggest looming talent shortages. The IoT/M2M/5G space will create millions of jobs — some estimate over 4 million IoT developer jobs alone by 2020. However, experts also expect that IoT and connected device technology will severely disrupt the labor market. Millions of people who work low-level jobs in fast food, retail, transportation, and supply chain will be displaced.

Standardization & Infrastructure Sharing

Infrastructure sharing is a growing trend while the telecom landscape continues to shift rapidly. There will be a very high demand for employees who can understand and build strategy around shared infrastructure. This will be especially true in the next five years as networks complete coverage expansion projects.

European markets had another record year in 2016 for colocation data center capacity. Colocation promotes standardization and harmony between carriers’ data/voice technology, which is good for the consumer and the industry. Demand will continue to increase for employees with a sound understanding of existing 3GPP standards, as well as foresight for how standards may evolve to accommodate emerging technology.

Interference Mitigation Skills

In an increasingly crowded network, interference is one of the top challenges for high-traffic networks. Managing interference and higher spectrum utilization techniques will be a key goal for network providers, integrators, colocation facilities, and product developers, with applications at almost every level. Demand for this skill will rise fastest among design engineers and product managers. Expect strong demand for sales engineers who can explain interference mitigation technology to potential customers.

Public Sector Technical Sales Skills

While private sector companies are scrambling to upgrade their networks, the public sector is more uneven in its acceptance of new telecom technology. With the challenge of previously mentioned regulatory hurdles, telecom firms need to arm themselves with persuasive and highly knowledgeable salespeople. A strong salesperson can effectively navigate administrative roadblocks and match municipal requirements with network solutions that work. By contrast, some public sector entities are way ahead, aggressively updating building and fire codes with new wireless standards. Companies who win key installation deals early on are more likely to enjoy repeat business and maintenance contracts from the same customers.

 

If your company is searching for small cell talent, contact us for a free evaluation of your hiring needs. Reach our telecom specialist directly at mwalsh@bluesignal.com.

 

Filed Under: Blog Posts Tagged With: 5g, DAS, emerging technology, government, iot, job market, lte, m2m, news, recruiting, small cell, strategy, talent, tech, telecom, telecommunications, trends, wi-fi, wireless

Talent War in Emerging Tech: 5G, Small Cell, Connected Tech, IoT/M2M

September 6, 2016 by Lacey Walters

The emerging tech space is changing fast. Between 30 and 50 billion new IoT devices will be online by 2020. The emerging 5G network will boast a 1000x capacity increase and compatibility with new applications such as M2M, VR, AR, and connected things. Small cells and other related technologies are rapidly finding new niches. In the past six months, the technology talent surplus in these fields has flipped upside-down into “negative unemployment.”

Indeed.com reported a sharp increase in IoT-related jobs listed within the past 18 months.

 

New technologies are always on the rise: connected things, connected cities, connected cars, etc. To win the war, you need a connected recruiter. Consider this quote from The Art of War, the famous military strategy treatise written nearly 2500 years ago by Chinese general Sun Tzu:

“If you know the enemy and know yourself, you need
not fear the result of a hundred battles. If you know
yourself but not the enemy, for every victory gained
you will also suffer a defeat. If you know neither the
enemy nor yourself, you will succumb in every battle.”

                                                 — Sun Tzu, “The Art of War”

 

Any company trying to hire qualified talent is in a war with the competition. In a war, good strategy is critical to success; victory does not happen by accident. The most important factor that tech companies do not consider is what their competition (the enemy) offers:

  • Compensation packages

  • Benefits and perks

  • Training, certifications and education

  • Tools and resources

  • Environment and flexibility

  • Career growth and visibility

 

Are you fully aware of what you and your company offer?

Top candidates have their pick of companies. We conduct a company analysis with each hiring manager, including selling points for the job, what their competitors are offering top candidates, and how to structure a truly competitive overall offering to win the war.

Hiring is never easy, and the difficulties are compounded in a space with a huge skills gap and a short supply of talented workers. When you work with Blue Signal, you partner with recruiters who have deep industry knowledge providing a competitive edge. Never fear the result of a hundred battles (hires).

For a free consultation on how we can locate the best hire, contact us today at info@bluesignal.com. See our recent placements here.

 

Filed Under: Blog Posts Tagged With: 5g, compensation, corporations, emerging technology, hiring, iot, job security, large companies, m2m, networks, small cell, wireless

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