Skill Gap

This tag is associated with 15 posts

Future of Work and the Skills Gap – A net positive outlook for jobs, while no less than 54% of all employees will require significant re- and upskilling by 2022,

As technological breakthroughs rapidly shift the frontier between the work tasks performed by humans and those performed by machines and algorithms, global labour markets are undergoing major transformations. These transformations, if managed wisely, could lead to a new age of good work, good jobs and improved quality of life for all, but if managed poorly, … Continue reading

It’s not a skill mismatch: Disaggregate evidence on the US unemployment-vacancy relationship

US unemployment seems stuck at an unusually high level of 8%, prompting some to suggest a widespread skills mismatch. This column argues that a skills mismatch is not supported by the evidence. Rather, out of the possible explanations, it seems that any shift in the ratio between unemployment and vacancies is driven by either lower … Continue reading

The Global Skill Gap: 38 million to 40 million fewer workers with tertiary education than employers will need

Over the past three decades, as developing economies industrialized and began to compete in world markets, a global labor market started taking shape. As more than one billion people entered the labor force, a massive movement from “farm to factory” sharply accelerated growth of productivity and per capita GDP in China and other traditionally rural … Continue reading

Costa Rica’s Skill Gap | In 3 Out of 10 Companies

3 Out of 10 Companies In Costa Rica Unable To Hire Suitable People About 30% of Costa Rican employers say they have difficulty in finding suitable people for the jobs they have available. The figure was released by Manpower in Costa Rica. According to the date, human capital with high job skills is one of … Continue reading

Mining in Sudbury | From an employer market to a worker market

Jeff Lafortune teaches in the civil and mining engineering technologist program at College Boreal he graduated from 15 years ago. In that decade and a half, he has seen a tremendous demand build for skilled mining employees. “When I graduated, there was one company in town … and there were 15 of us wanting that … Continue reading

The Talent War | The Mining Battle | The case of Australia

Shortages of skilled labour – in fact, any labour at all – in mining regions drives wages and salaries to stratospheric levels, in turn bidding up prices for accommodation, food and local services. This makes life very difficult for individuals and families who do not benefit directly from inflated incomes and yet also face inflated … Continue reading

Talent War | The Mining Battle

Bruno Rizzuto’s father, Cesare, was 19 when he got off a boat in Halifax from southern Italy in 1951. With no coat, and “5 cents in his pocket” he headed for the gold mines of Timmins, Ontario, where he worked underground for 41 years. Six decades later Rizzuto, a Calgary-based recruiter, is looking for people like his … Continue reading

Global skills gap leaves 10 million manufacturing positions unfilled says World Economic Forum in collaboration with Deloitte Touche Tohmatsu

The report,The Future of Manufacturing: Opportunities to Drive Economic Growth, by the World Economic Forum in collaboration with Deloitte Touche Tohmatsu Limited  estimates that 10 million manufacturing jobs worldwide cannot currently be filled due to a growing skills gap. This shortage is pervasive despite the high unemployment rate in many developed economies where companies are struggling to … Continue reading

China | Skill Gap | A structural problem

Because of the slowdowns in both the global and Chinese economies, the shortage of laborers has eased slightly, especially for export-oriented companies. “Although it is still not easy to recruit suitable workers, the situation now is much better than it was at the start of last year,” said Zhang Kuifeng, general manager of a Hangzhou-based … Continue reading

UK | Skills crisis writes Insider deputy editor Ben Pindar

Insider deputy editor Ben Pindar looks at the prospect of a skills crisis in the burgeoning digital sector. Earlier this year, I wrote here about how a skills crisis was holding back businesses in the region, particularly in the manufacturing sector. The piece followed an interview with Prime Minister David Cameron challenging him to tackle … Continue reading

Windsor | Skills Gap | CS Wind is having trouble finding 100 skilled workers

The fact that CS Wind is having trouble finding 100 skilled workers for its Windsor plant – and will have to look outside the region – might seem incongruous given that we have high unemployment and people eager to work. But it’s also a reflection of something that is happening in other parts of the … Continue reading

Job Gap | Skill Gap | Matching the Jobless With 3.4 Million Jobs – NYTimes.com

EVER since the deep recession hit four years ago, many colleges have been rethinking their continuing education programs, straining to figure out how best to help the many unemployed Americans who have looked to them as a lifeline. With the unemployment rate still stubbornly high, this rethinking has led to a powerful trend in which … Continue reading

India | ‘Only 17% techies employable’ | The Asian Age

In the IT sector, India has an employable workforce of only 17.54 per cent. This was revealed in a report released by HRD minister Kapil Sibal on Friday. The National Employability Report 2011 of engineering graduates was prepared by Aspiring Minds — an employability assessment company after getting feedback from more than 55,000 students who … Continue reading

Help Wanted: Skilled Manufacturing Workers

The U.S. economy is gathering momentum and the key driver is manufacturing. Not only is our industrial sector growing, but after more than a decade of losses in manufacturing jobs, we are actually going in the other direction. We added 50,000 manufacturing jobs in January on top of 32,000 the month before. This is a … Continue reading

Manufacturing | Skills Gap | No evidence that this is a common problem

There is a growing chorus of sophisticated types telling the country that we could have millions more jobs in manufacturing, if only we had qualified workers. This claim has the interesting feature that it places responsibility for the lack of jobs on workers, not on the people who get paid to manage the economy (e.g. … Continue reading

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