Job Market Monitor
Skills Gap
Canada – The gap in adult skills development system
Canada urgently needs a third pillar that focuses on supporting working adults. The Council anticipates that managing the expected labour market changes will require an additional $15 billion of annual investmentsin adult skills development. The magnitude of the coming changes also necessitates the development of a Skills Plan for Working Canadians that will guide Canada’s … Continue reading
Portugal – Raising skills remains a priority and lifelong learning activities should focus more on the low skilled OECD says
Despite significant progress made, improving skills remains one of Portugal’s key challenges for raising growth, living standards and well-being. Upskilling the adult population remains a priority and lifelong learning activities should focus more on the low skilled. While active labour market policies have increased their training content in recent years, spending per unemployed is still … Continue reading
Skills Gap – Measuring skills mismatch
Skills supply (skills possessed by the labour force) and skills demand (skills demanded by employers) are central concepts in the economic analysis of employment structure and dynamics. The interaction between supply and demand has in turn led analysts to look into another dimension, skills mismatch — a concept that is rapidly gaining in importance for … Continue reading
The Shifting Skills Gap – A sudden 24% year-over-year decrease in the number of executives who believe it is real
Last year, a whopping 80% of the C-Suite believed the skills gap—a lack of essential work skills and abilities in the workforce—was real. The gap was widest when it came to so-called soft skills like critical thinking and problem solving (41%), closely followed by hard technical skills associated with the job (39%). But this … Continue reading
Skills Gap in US – How CEOs are helping to close it
Closing the skills gap is a work in progress, but business leaders are moving forward on several fronts to tackle this challenge. Business Roundtable has highlighted some of the ways that America’s largest employers are working with academia to increase the pipeline of skilled and diverse workers to join their companies and to upgrade and transform the … Continue reading
Skills Gap in IT – Nearly half report that the situation has grown
When it comes to the concept of a workforce “skills gap,” most IT and business executives recall hearing or seeing something about it (86% definitely or maybe), regardless of job role. However, it is a more prevalent concept within IT companies vs. organizations outside the IT industry, as well as among those who view technology … Continue reading
India – A growing skills gap IBM finds
India has significant socioeconomic advantages over other developing countries. A thriving entrepreneurial culture, strong investor confidence, a vibrant diaspora, a young enthusiastic workforce, supportive government initiatives and growing institutional engagement combine to form a solid platform for a robust, internationally competitive economy. But beneath the surface, several challenges are becoming increasingly evident regarding the availability … Continue reading
Skills Gap – Competency is more than the mastery of a discrete academic standard
Competency is more than the mastery of a discrete academic standard. True competence is deeper and broader. It includes academics as well as a wide range of other cognitive, intrapersonal, and interpersonal skills not typically included in academic subjects or college and career readiness learning standards. Competency also requires the combination of knowledge and skills across multiple domains and implies … Continue reading
Digital Talents Gap – Developing them among the existing workforce
Companies are trying a variety of unconventional methods to bring in digital talent. Facebook, for example, has “acquihired” the employees of more than a dozen companies—buying these companies as much or more for the employees as for the business itself. Meanwhile, Citigroup and others are introducing online gaming apps, either as recruiting tools or to … Continue reading
Driving Up the Demand for Skills in UK – Skills policy is only one part of a strategic mix
The general direction of skills policy in the UK over the recent past has been to create a market for training in order to improve the degree to which the skills people acquire are matched to those that the economy demands. A recognised weakness of the training market, certainly over the 1990s and early 2000s, … Continue reading
ICT in Europe – 38% of companies reported difficulties in filling vacancies
Technological change alters the skill requirements of the labour market. Computers and advanced machinery, for example, can more easily replace workers employed in jobs which involve very intensive routine tasks, either manual or cognitive. These tasks can be easily programmed and executed by machines. ICT development and digitalisation may therefore favour the highly skilled, and … Continue reading
Skills Mismatch – The concept and its measurement
The issue of skills mismatches, in one form or another, is a continuing focus for debate. One of the problems, in addressing mismatch, is that there is confusion over the meaning of the terms involved; another is that the measurement of some of the forms of mismatch is problematic. The aim of this section is … Continue reading
Employers Skills Needs in Wisconsin – Work ethic is the most important
Wisconsin and the nation are struggling with how to address persistent unemployment and an economy recovering too slowly from the Great Recession of 2008. While economists point to a host of reasons for sluggish growth, including low aggregate demand, outsourcing, spending cuts, and so on, some argue a principal culprit is the “skills gap.” Based … Continue reading
Factory Jobs in US – Labor shortages that delayed filling orders
James L. Brown tried to hire a dozen workers for his metal foundry here. Half of them flunked the drug test. Those results are typical, says the president of Bremen Castings Inc, a family-owned employer of 350 workers who make parts for trucks and other equipment. Drug problems are one factor contributing to a labor … Continue reading
Skills Gap in US – For the seventh consecutive year, skilled trades are the hardest to find
For the seventh consecutive year, skilled trades are the hardest jobs to in the United States; drivers are in second place, followed by sales representatives and teachers. Chosen excerpts by Job Market Monitor. Read the whole story at Talent Shortage Survey 2016
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