Skills Gap

This tag is associated with 342 posts

Skill Gap – 87 percent of companies say they either are experiencing gaps now or expect them within a few years

The findings from our survey suggest that companies lack the talent they will need in the future: 44 percent of respondents say their organizations will face skill gaps within the next five years, and another 43 percent report existing skill gaps (Exhibit 1). In other words, 87 percent say they either are experiencing gaps now … Continue reading

Closing the Skills Gap – IBM’s enterprise guide

Skills availability and quality are in jeopardy The skills challenge will not dissipate; in fact, it’s increasing in severity. Global labor markets are only tightening, as unemployment rates continue to decline. Compounding the issue, new skills requirements continue to emerge, while other skills are becoming obsolete. And while digital skills remain vital, executives tell us … Continue reading

The Skills Gap in US – A look at the skill gap skeptics arguments

There can be no question that American employers have a record number of unfilled jobs. For the past year, the number has hovered around 7 million. As of early January 2019, the number reported by the U.S. Department of Labor Bureau. Faced with real numbers, skill gap skeptics make several arguments besides denying the validity … Continue reading

Skills Gap in Europe – Skill shortages and skill mismatch

Labour markets are currently in a phase of cyclical recovery and undergoing structural transformation due to globalisation, demographic trends, advancing digital technologies and automation and changes in labour market institutions. Against this background, businesses increasingly report that the limited availability of skills poses an impediment to corporate investment. Genuine skill constraints can negatively affect labour … Continue reading

Closing the Skills Gap – Business Commitment Framework

Background It is now well-recognized that the disconnect between education systems and labour markets, coupled with technological disruptions, is creating instability and insecurity to the livelihoods of many. Governments are under increasing pressure to nd solutions, including by involving the private sector in change efforts, although few are able to act rapidly and few work … Continue reading

Postsecondary Students Perceive Skills Gap in Ontario – The largest gaps in transferable skills in leadership, teamwork and creative/innovative thinking skills

Ontario students perceive gap between skills learned in postsecondary and those needed in the workplace Postsecondary students perceive a gap between the skills they think they will need in their future careers and those they are developing while in university or college, according to a survey conducted by the Higher Education Quality Council of Ontario … Continue reading

Skills Gap of Applicants in US – 42 Percent don’t meet skills requirements, but companies are willing to train up

Should professionals mind the skills gap when applying for a position? In new research from global staffing firm Robert Half, HR managers said 42 percent of resumes they receive, on average, are from candidates who don’t meet the job requirements. In a separate survey of workers, 78 percent admitted they would submit for a role … Continue reading

Skills Gap – 3 Approaches for funding reskilling and upskilling

The skills gap is widening as the battle for talent intensifies It is becoming harder and harder to find talent with key skills, while redundancies and severance expenses are mounting. Investment in internal training can help tackle these issues, but companies often do not prioritise such initiatives owing to cost, time, the unclear return on … Continue reading

Autonomous Vehicle in US – How to cope with their effects on workers

How will the introduction and diffusion of autonomous vehicles (AVs) affect U.S. workers? This highly fraught question promises soon to loom large in hometowns and policy realms across the nation. Given Americans’ current reliance on cars and trucks for most of our transportation, the transition to self-driving vehicles will change many lives and livelihoods, likely … Continue reading

Durable Skills – Creating opportunities for reengagement is essential

Our current systems of learning are not adequately addressing the durable skills needs of all students and employees. As an example, while it was once acceptable for an accountant to excel solely at analyzing numbers, much of that basic analysis work is now done with technology. As such, the role of an accountant has changed … Continue reading

Canada – Many workers have poor literacy skills, more than 40%, and the problem is getting worse

Workplaces are changing quickly. Machines or algorithms are replacing some tasks, and new and changing jobs require additional technical skills. To keep pace with these changes in current and future jobs, the ability to keep learning is the most important basic skill for any job. Because literacy is the most important “learning to learn skill,” … Continue reading

European skills index (ESI) – Four groups of Member States

Skill systems are an important component of country competitiveness and, in aggregate, of the European Union (EU) as a whole. Several key principles of the European pillar of social rights are built around a well-functioning and inclusive labour market with education, training and lifelong learning at the heart. At the same time, the New skills agenda … Continue reading

Middle Skills Gap in US – The case of Georgia

Georgia joins a number of states this month in convening a new session of the legislature and welcoming a new governor. One of the most pressing challenges facing these new leaders is the state’s middle skills gap. Most jobs in Georgia’s labor market – 55 percent – are middle-skill jobs, which require more than a … Continue reading

Skills Gap in UK – 91% of the surveyed organisations struggled to find workers with the right skills over the past 12 months

The Open University Business Barometer investigates the extent and nature of the skills shortage in the UK, and the e ect it is having on organisations of all sizes. The data presented within the report have been collated from 950 senior business leaders in organisations of all sizes across the UK between 8 and 25 … Continue reading

Apprenticeship in US – A key component to the solution to the skills gap

Apprenticeship programs, when implemented effectively, provide workers with a career path featuring paid on-the-job training, skills development, and mentorship, while at the same time providing employers with a steady source of highly trained and productive workers. These programs have the potential to grow into a critical and successful component of America’s workforce strategy, but are … Continue reading

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