Job Market Monitor
Skills Gap
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
China – No acute skills gap, but a lack of soft skills report says
As China moves towards a services- and knowledge-driven economy, one of the main constraints will lie in the ability of its workforce to gain the requisite skills and knowledge to make the transition to a high-income country. There is little evidence to suggest that China suffers from an acute skills gap across wide occupational areas. … Continue reading
Skills Gap and Tertiary Education in New Zealand – Employer satisfaction with graduates is mixed
There are mixed opinions on how well New Zealand’s tertiary system prepares graduates for employment. For example, Universities New Zealand (sub. 17) submitted that it is a myth that universities are producing poor quality graduates or graduates that are not work ready. Others, including Ed.Collective (sub. 89) offered a different assessment. …there are areas where … Continue reading
Skills Gap – A tech-talent list
In today’s rapidly changing digital landscape, companies that understand their talent needs and know how to meet them have a competitive edge. Here’s how they do it. While there is a broad range of skills needed, this set should be part of any company’s tech-talent list: Experienced designers and engineers. As customer experience becomes increasingly … Continue reading
Breadth of Skills – To expand our conception of where and when learning happens
Knowing how to read and write is absolutely essential to interacting with the world, and research has shown that math and science skills are signi cant drivers of productivity. Recent work by economists Eric Hanushek and Ludgar Woessmann nds that if all countries possessed the skill level in these domains of Finland, often a top … Continue reading
Skills Gap in US and Digital Readiness – How familiar adults are with specific educational resources or concepts
How familiar adults are with specific educational resources or concepts: As it turns out, there is not widespread public awareness of some of the key resources that are becoming available thanks to innovation online. Noteworthy majorities of Americans say they are “not too” or “not at all” aware of these things: Common Core standards – … Continue reading
Skills – There is a greater demand for socio-emotional skills and higher-order cognitive skills than for basic cognitive or technical skills
Educators believe that they are adequately preparing youth for the labor market while at the same time employers lament the students’ lack of skills. A possible source of the mismatch in perceptions is that employers and educators have different understandings of the types of skills valued in the labor market. Using economics and psychology literature … Continue reading
Skill Mismatches in Europe – The prolonged economic downturn is threatening the long-term potential of the EU’s human resource
Cedefop’s first ESJ (12) survey reveals that skill mismatch affects most of the workforce, not only those looking for a job. The survey is the first to look at skill mismatch over time, taking account of changes to people’s skills and their job tasks. The findings caution that the prolonged economic downturn is threatening the … Continue reading
Skills Gap in UK – Skill shortages in the economy is modest research finds
At the simplest level, skill mismatches refer to a failure of skill supply to meet skill demand. Mismatches, depending upon their intensity and scale, can be damaging: they can act as a drag on economic growth, limit the employment and earnings opportunities of individuals, and prevent companies maximising their performance. The key findings from the … Continue reading
Skills Gap – Early childhood education, foundation for a skilled workforce of the future
Want to build a talent pipeline? Invest in early childhood education. That’s the message of ReadyNation, an organization of 1,400 business leaders who believe that quality education for young children is the foundation for a skilled workforce of the future. James Spurlino, president of Spurlino Materials, has had trouble for the last 10 years filling … Continue reading
Skill Mismatches in Transition Economies – Quantitative indicators should be treated with caution
In transition economies, the proportion of the adult population educated to the secondary level or higher (the stock of human capital) is on par with that in mature market economies. Policymakers often use educational attainment data as one of their country’s key competitive advantages for attracting foreign investment and innovation. However, these quantitative indicators should … Continue reading
Skills Gap – Measuring Skill Mismatch
Skills are the new “global currency of 21st-century economies” and skill mismatch occurs when skills possessed by the workers exceed or do not meet the skills required at their workplace. It can lead to skill depreciation and slower adaptation to technological progress, from a macroeconomic perspective, and impacts workers’ earnings and job satisfaction, from a … Continue reading
Skills Gap in US – Widening ?
Something isn’t clicking in the US labor market. On Tuesday, the latest “Job Openings and Labor Turnover Survey” (JOLTS) showed there were 5.757 million jobs available in the US in March — a near record. Additionally, the number of unemployed people in the US per job open is down to prerecession levels at about 1.5 … Continue reading
Skills Gap in Canada – The Equipment Industry Technician Shortage
The skills gap in the technical workforce is not a problem unique to the United States. Canadian businesses are also starving for technical talent. A recent survey of Canadian executives found that 59 percent of respondents expressed concern about their ability to find qualified candidates with the skills needed to fill the job openings anticipated … Continue reading
Europe – Between a half and two thirds of EU firms with difficulties finding skilled workers face the problem for reasons other than lack of skills
The global crisis has increased unemployment in the EU to unprecedented levels, yet many employers claim they have difficulties finding skilled workers to fill their vacancies. This report shows that most vacancy bottlenecks arise because of factors other than general skill deficits, including job offers of poor quality. Genuine skill shortages affect a small group … Continue reading
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