Job Market Monitor
Skills Gap
Engineering Employers Federation in UK – The lack of technical skills among applicants cited by 67% of employers
2016 is set to be a challenging year for UK manufacturers. More than two-fiths of companies surveyed for EEF’s Executive Survey 2016 believed that there are more risks than opportunities for their business in the coming year. This has had an impact on overall recruitment plans. After two years of very positive recruitment intentions, our … Continue reading
ICT Skills Gap in Canada – There won’t be enough qualified people to fill more than 218,000 new jobs
Canada’s tech companies are in stiff competition for retaining top prospects. There won’t be enough qualified people to fill more than 218,000 new information and communications technology jobs in the country by 2020, according to a report published by the Information and Communications Technology Council (ICTC) earlier this month. That may be years away, but … Continue reading
Character Skills – Forms of childhood misbehaviour at school are valued in the labor market
Even if measurement is correct, and there is no gaming or cheating by teachers or schools, it is not obvious which character skills we want to reward or punish. To illustrate this point, in recent research, my research team and I look at roughly 7,000 men and women who were born in the same week … Continue reading
The ICT Skills Gap in Canada – 218,000 tech jobs will be created by 2020
A report released earlier this month by the Information and Communications Technology Council estimates that 218,000 tech jobs will be created in Canada by 2020. It warns that it could cost the economy billions of dollars in lost productivity, tax revenues and GDP if Canada doesn’t address the tech skills gap. “It is imperative that … Continue reading
Skills – Not only are there difficulties in defining skill, there is no agreed classification of the types of skills observed
Not only are there difficulties in defining skill, there is no agreed classification of the types of skills observed. Grugulis and Lloyd (2010, p.99) point out that there has been a ‘dramatic increase in the lexicon of skills’, while Thompson (2007, p.1364) comments that the ‘palette of skills’ has been widened ‘without normally deepening them’. … Continue reading
Skills Gap in US – A multi-million dollar competition for states to expand access to career-pathway programs leading to high-skill, well-paying jobs
To address the youth unemployment crisis, we are committed to increasing the number of young people who get on a pathway to economic success by being college and career ready. To do this, first, we want to transform how states and cities develop career-focused education programs. JPMorgan Chase, the Council of Chief State School Officers … Continue reading
Skills Gap – Wages do not reflect skills shortages research finds
Concern is growing in advanced economies, and in particular in the UK, about the ‘skills gap’: the ‘growing gulf between the skills workers possess today and the skills businesses say they need’ (Economist Intelligence Unit 2014). The concerns are often focused on shortages of workers with skills in the science, technology, engineering and maths (STEM) … Continue reading
Skills Gap in Nigeria – A skill mismatch of 60.6% among recent graduates
University graduates in Nigeria have been reported to be poorly prepared for work in recent years. This has implications on the relevance of university education, the employability and productivity of university graduates. One of the reasons suggested for this condition by previous studies was skill mismatch⎯a situation where there is a disparity between the skills … Continue reading
Skills Gap in Asia – Overqualification is pervasive, no evidence that current skills are insufficient to meet the demands
Evidence of cross-country qualification mismatch demonstrates that overqualification is even more pervasive in developing Asia than in advanced economies such as the US and other members of the OECD. However, the prevalence of over qualification relative to job requirements masks heterogeneities in skills, jobs, and labor market institutions. Nevertheless we find no evidence to support … Continue reading
Skills Gap in US – The next generation of workers won’t be able to fill the void
Nearly two-thirds (63 percent) of employers reported that they are concerned about the growing skills gap in the U.S.. A new analysis of college degree completions vs. job demand from CareerBuilder and Emsi shows that the next generation of workers won’t be able to fill the void. According to a national Harris Poll survey of … Continue reading
Skills Gap in UK – The number of skill-shortage vacancies has gone up by 43%
There was substantial growth in the number of employers active in the recruitment market in 2015 compared to 2013: 19 per cent of establishments had at least one current vacancy at the time of ESS 2015 eldwork, up from 15 per cent in 2013. Moreover, there were 928,000 reported vacancies, almost 300,000 more than two years … Continue reading
Skills Gap and Talent – Digital platforms could reduce employee-related costs by up to 7 percent
Businesses deploying digital labor platforms to their full potential could increase output by up to 9 percent, reduce employee-related costs by up to 7 percent, and add an average of 275 basis points to profit margins. Chosen excerpts by Job Market Monitor. Read the whole story at Managing talent in a digital age | McKinsey & … Continue reading
Skills Gap in Australia – 52% of employees with less than five years’ experience already see their qualifications as not being “very much” relevant to their work
The forces of disruption are not just being driven by start-ups and felt by business leaders – they’re driving change in the workforce and labour market. – Two-thirds of those with less than five years’ experience (early-career Australians) expect that their job will not exist, or will fundamentally change, in the next 15 years. If … Continue reading
Skills Gap – Is this a reason to question the increasingly vocational nature of university courses?
Professional and vocational courses requiring 5 years’ post-secondary study are supposed to meet speci c needs for competences in a given area of employment. Young graduates believe they have acquired the speci c competences they think their employers require. In their view, the shortfall lies in their general competences. Is this a reason to question … Continue reading
Skills Gap in Ontario – In a groundbreaking pilot project by the Higher Education Quality Council
Executives in 20 recent employer surveys said they look to hire people with so-called “soft” or “essential skills” — communicating, problem-solving, critical thinking, teamwork — “yet this is where they see students being deficient,” said Harvey Weingarten, president of Ontario’s higher education think-tank. If these skills are so important, it’s time to actually test students … Continue reading
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