Job Market Monitor
Skills Gap
Gender Essential Skills Gap – Over time, men are able to catch up with women in reading proficiency and make greater use of mathematics skills
Girls’ advantage over boys in reading performance peaks during adolescence, but then disappears by early adulthood. By contrast, boys’ advantage in mathematics performance increases steadily from age 9 to 27. Boys are more likely than girls to pursue academic programmes and occupations that make greater use of mathematics skills. Over time, men are able to … Continue reading
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
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