Job Market Monitor
Skills
2000, The great reversal in the demand for skill
What explains the current low rate of employment in the US? In about the year 2000, the demand for skill underwent a reversal. Continue reading
Detroit / There are jobs on the horizon, but workers fall short on skills
Detroit’s labor force is unprepared for the jobs that may be coming Continue reading
UK Skills Gap / Music Skills Academy launches
UK Music and Creative & Cultural Skills have joined forces to launch The UK Music Skills Academy as the first industry-led effort to improve recruitment practices in the music business Continue reading
Vietnam / To recruit Top Candidate for municipal agencies
The Hanoi People’s Council plans to issue a draft resolution on attracting educated and skilled workers to municipal agencies Continue reading
Recruiting / 46 percent of skilled hired fail within 18 months because of attitude
Mark Murphy, the chief executive officer of Leadership IQ, a leadership training and management consulting firm, has some sobering news for small businesses and startup companies that are getting ready to bring new hires on board in 2012: Nearly half of them are going to fail before hitting their second anniversary and most of the … Continue reading
Poor planning skills lead to income-achievement gap research finds
A new study of a large ethnically and socioeconomically diverse group of children from across the United States has identified poor planning skills as one reason for the income-achievement gap, which can emerge as early as kindergarten and continue through high school Continue reading
Nigeria / Vocation and Technical Education, a Key to Improvement
Many able bodied and highly qualified Nigerian who could not secure gainful employment have remained economically dependent on their parents. This is because they lack the necessary occupational skills to be self employed and to effectively function in today’s world of work Continue reading
US College degree / Employers place more weight on experience, particularly internships and employment during school
Half of employers surveyed recently by The Chronicle and American Public Media’s Marketplace said they had trouble finding recent graduates qualified to fill positions at their company or organization. Nearly a third gave colleges just fair to poor marks for producing successful employees. And they dinged bachelor’s-degree holders for lacking basic workplace proficiencies, like adaptability, communication skills, and the ability to solve complex problems. Continue reading
Sri Lankan / 25 New technical universities will provide job-oriented courses
The Sri Lankan government plans to set up 25 technical universities and university colleges across the island, to cater to students who fail to gain entry to state universities Continue reading
India / Providing Skills to 500M in Ten Years
The Finance Minister Shri Chidambaram presents an ambitious target of providing skills to 500 million people in ten years meaning thereby that 50 million people are to be skilled every year, which is a huge challenge in itself Continue reading
Indonesia / Only 8% of Indonesians are college graduates
Only 8% of Indonesians are college graduates, according to Co-ordinating Minister for Economic Affairs Hatta Rajasa, quoted by Jaring News. “We can predict that in 2040 we will only reach a 20% level of college graduates,” Hatta told Khabar Southeast Asia. Continue reading
Job Search Skills / A software system to help people improve their conversational and interview skills from MIT
MIT scientists have developed a software system to help people improve their conversational and interview skills. Experts say that social phobias affect about 15 million adults in the United States with public speaking high on the list of such phobias. In some cases, fears of social situations can be especially acute. For example, individuals with … Continue reading
US / Is the Golden Age of Human Capital Over?
It seems that the golden age of human capital is losing its shine. That shine came not just from a high rate of return (both individual and social) on a college degree, but also from a beautiful, if partial, alignment between ideals of human development and the needs of employers. It was a happy alignment, … Continue reading
US / Half of all STEM jobs are available to workers without a four-year college degree finds Brookings Institute
Workers in STEM (science, technology, engineering, and math) fields play a direct role in driving economic growth. Yet, because of how the STEM economy has been defined, policymakers have mainly focused on supporting workers with at least a bachelor’s (BA) degree, overlooking a strong potential workforce of those with less education but substantial STEM skills. … Continue reading
Arab countries should embrace knowledge economy says the World Bank
The report: Transforming Arab Economies: Travelling the Knowledge and Innovation Road, published by the World Bank, Centre for Mediterrannean Integration (CMI) and European Investment Bank, shows how an economy based on innovation and knowledge can help promote greater economic growth and spur competitiveness. Inger Andersen, Vice-President for the Middle East and North Africa at the … Continue reading
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