The Truth About the Skills Gap - Webinar Slides
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  • Good news is unemployment is declining. Now many would argue that this is because many have “given up” the search, but it does point to a turn in the right direction as our economy slowly heals. During the recession recruiters and talent management professionals were bombarded with job applications when millions of people were looking for work. Now that the numbers decline, it’s becoming necessary to have a strategic plan to attract and retain talent in an improving economy.Many recruiters are already feeling these pains…
  • Competition for talent today, unemployment rates gradually decrease, but still high numbers of people are unemployed or underemployed – especially new college grads where as many as 39 percent of people under 25 are unemployed or underemployed.
  • 8 in 10 employers claim they have difficulty filling job vacancies with more than half of employers saying they have an open job for which they cannot find qualified candidates.Despite this, 75% of employers feel they can afford to be selective in their recruitment process because of the high unemployment rate.
  • Regardless of whether or not you feel you can be selective, the competition is still tightening. Especially in key positions like management, engineering and sales.
  • STEM continuously sees growth in job numbers since 2000 and while the demand grow, there is a shrinking or flat supply. Naïve thinking about the high unemployment rate and the increasing competition for in demand fields coupled with the shrinking or flat supply of talent is directly leading us down the road of a dangerous Skills Gap.So let’s talk about truths vs. myths in this complex understanding of the skills gap and what you, as an employer can do to help close the skills gap.
  • "An important reason for the success of Costco’s business model is the attraction and retention of great employees," Jelinek added. "Instead of minimizing wages, we know it's a lot more profitable in the long term to minimize employee turnover and maximize employee productivity, commitment and loyalty. We support efforts to increase the federal minimum wage."
  • Randstad: Empowering Employment by Inspiring Experts Recognizing the struggle companies were having finding candidates with specific skill sets, Randstad created a way to help both the clients it serves and future candidates – by creating awareness around the skills gap. Understanding the power of video to tell a story, Randstad utilized the medium for it “Inspiring Experts” campaign. They wanted an interactive, engaging and modern way to educate others about careers with stable futures in growing industries and inspire others to pursue the skills needed for jobs in those fields. So they began creating videos featuring real people with careers in growing industries talking about what makes their jobs so great and the young people who are pursuing jobs in those fields. Today, Randstad has an extensive online video library with hundreds of thousands of viewers - and the interest is only growing. LEARN MORE
  • For instance, Monroe Community College in Rochester, N.Y., has taken steps to identify and combat skill mismatches through its Economic Development and Innovative Workforce Services Division. The college performed in-depth data analysis to discover many of Rochester-area’s small manufacturing firms had a strong need for machinists. The research was part of an approach that “emphasizes developing and strengthening public-private partnerships and using data to guide our decisions,” said Anne Kress, the college’s president. “This approach is paying dividends for MCC and our community.”Similarly, Walla Walla Community College in Walla Walla, Wash., has addressed crucial skills needs through its innovative education program built to foster the region’s growing wine sector. WWCC has been widely recognized as a college that “earns the rare distinction of being an institution of higher education that is reinventing the regional economy from the bottom up.”Both colleges see regional economic development as an essential part of their missions. They have taken a leadership role in understanding the key drivers in their local economies, fostering conversations with local industry leaders, and developing training programs that deliver the right skills to students so they can be productive in those important industries.Community colleges and other region-serving institutions are critical players because they are in a position to assess the local economy, convene employer discussions, develop the right (often short-term, employer-focused) training that is required, and measure the impacts that those activities have on the community.
  • Allscripts Commits to Training the Unemployed In June 2011, health care solutions company Allscripts created a plan to add jobs to the local community while helping unemployed job seekers find work, After announcing plans to add up to 300 jobs in Chicago, Allscripts then partnered with Skills for Chicagoland’s Future, a non-profit organization, to design a training program prepare unemployed job seekers in the Chicago area for work in these roles. The program was a success: After an intense eight-week training program, 100 percent of the participants were offered and accepted full-time employment with Allscripts as Associate Technical Support Consultants.

The Truth About the Skills Gap - Webinar Slides The Truth About the Skills Gap - Webinar Slides Presentation Transcript

  • © 2014 CareerBuilder© 2014 CareerBuilder Presented by: Keith Hadley, Vice President, Employment Branding, CareerBuilder Rob Sentz, Vice President, Marketing, EMSI #skillsgap THE TRUTH ABOUT THE SKILLS GAP
  • © 2014 CareerBuilder Rob Sentz Vice President, Marketing EMSI @desktopecon Keith Hadley Vice President, Employment Branding CareerBuilder @keithhadley OUR SPEAKERS 1 | #skillsgap
  • © 2014 CareerBuilder TODAY’S IMPROVING ECONOMY? 2 | 2009 2010 2011 2012 2013 Gradually declining unemployment means an improving economy #skillsgap
  • © 2014 CareerBuilder EDUCATED AND OUT OF WORK 3 | of people under 25 are unemployed or underemployed 39% #skillsgap
  • © 2014 CareerBuilder© 2014 CareerBuilder EMPLOYERS CAN BE MORE SELECTIVE IN THEIR RECRUITMENT PROCESS BECAUSE OF UNEMPLOYMENT RATES. TRUTH OR MYTH? 4 | #skillsgap
  • © 2014 CareerBuilder5 | HOW MANY EMPLOYERS BELIEVE THEY CAN BE MORE SELECTIVE BECAUSE OF THE UNEMPLOYMENT RATE? EMPLOYERS SAY THEY HAVE DIFFICULTY FILLING JOBS HAVE AN OPEN JOB FOR WHICH THEY CANNOT FIND YET #skillsgap
  • © 2014 CareerBuilder COMPETITION IS STILL TOUGH 6 | Source: McKinsey Global Institute U.S. Jobs survey, 2011. McKinsey Global Institute Analysis. COMPANIES REPORT THAT POSITIONS IN MANAGEMENT, ENGINEERING AND COMPUTER PROGRAMMING ARE THE MOST DIFFICULT TO FILL MANAGEMENT BUSINESS SUPPORT FUNTIONS SCIENCE/ENGINEERING COMPUTER PROGRAMMERS/IT SALES/MARKETING CUSTOMER SERVICE STAFF CREATIVE ADMINISTRATIVE SUPPORT LABORERS, MOVERS, DRIVERS PRODUCTION WORKERS MANUAL TRADESMEN 25.4 26.4 17.8 17.4 17.2 12.8 9.3 8.6 8.0 7.5 7.1 WHICH POSITIONS ARE MOST DIFFICULT TO FILL? % OF RESPONDENTS (N=1,285) #skillsgap
  • © 2014 CareerBuilder DEMAND CONTINUES TO GROW IN STEM 7 | #skillsgap
  • © 2014 CareerBuilder SUPPLY & DEMAND SCREENSHOT… 8 | #skillsgap
  • © 2014 CareerBuilder© 2014 CareerBuilder THE SKILLS GAP ISN’T A “SKILLS GAP” IT’S A WAGE GAP. TRUTH OR MYTH? 9 | #skillsgap
  • © 2014 CareerBuilder10 | WHAT DO EMPLOYERS AND JOB-SEEKERS BELIEVE IS THE MAIN CAUSE OF THE SKILLS GAP? OF EMPLOYERS SAY IT’S DUE TO OF JOB-SEEKERS SAY IT’S DUE TO #skillsgap
  • © 2014 CareerBuilder WAGE AND JOB CHANGES Accommodation and Food Services Administration and Support and Waste Management and Remediation Services Agriculture, Forestry, Fishing and Hunting Construction Educational Services (Private) Finance and Insurance 20% 10% 0% %Difference 10% -5% 5% 0% %Difference 10% 5% 0% %Difference -10% -20% 10% 0% %Difference 40% 20% 0% %Difference 10% 15% 5% %Difference 2002 2004 2006 2008 YEAR 2010 2012 11 | #skillsgap
  • © 2014 CareerBuilder BOTH DO AGREE – WAGE IS A PROBLEM 12 | #skillsgap
  • © 2014 CareerBuilder SOCIETY IS FAILING Career Preparation Competitive Compensation Job Training 13 | #skillsgap
  • © 2014 CareerBuilder© 2014 CareerBuilder IF I TRAIN SOMEONE, THEY WILL LEAVE US. TRUTH OR MYTH? 14 | #skillsgap
  • © 2014 CareerBuilder15 | WHAT PERCENTAGE OF EMPLOYEES SAY THEY ARE MORE LIKELY TO STAY AT A COMPANY THAT TRAINS THEM? THE SAME PERCENTAGE SAY THEY WILL ALSO BE TO THAT COMPANY. #skillsgap
  • © 2014 CareerBuilder THE REAL SKILLS GAP 16 | feel gaps in job training are a leading cause for the skills gap of job-seekers believe necessary skills will be learned on the job of employers believe job-specific skills are scarce #skillsgap
  • © 2014 CareerBuilder DEVELOPING THE RIGHT SKILLS: CISCO 17 | #skillsgap
  • © 2014 CareerBuilder TRAINING MEANS MORE APPLICANTS 18 | #skillsgap
  • © 2014 CareerBuilder© 2014 CareerBuilder PEOPLE ARE DEMANDING JOBS. THAT MEANS WE CAN PAY THEM LESS. TRUTH OR MYTH? 19 | #skillsgap
  • © 2014 CareerBuilder20 | WHAT PERCENTAGE OF EMPLOYEES SAY THEY ARE PAYING PEOPLE LESS BECAUSE OF THE HIGH UNEMPLOYMENT RATE? #skillsgap
  • © 2014 CareerBuilder of professionals looking for a new job because of dissatisfaction with salary UNSETTLED EMPLOYEES 21 | #skillsgap
  • © 2014 CareerBuilder WAGE INCREASES DUE TO SHORTAGES 22 | Healthcare IT Finance Engineering #skillsgap
  • © 2014 CareerBuilder WAGE INCREASES AS WAY OF RETENTION 23 | SOURCE: http://www.huffingtonpost.com/2013/03/06/costco-ceo-minimum-wage-craig-jelinek_n_2818060.html "Instead of minimizing wages, we know it's a lot more profitable in the long term to minimize employee turnover and maximize employee productivity, commitment and loyalty. -Costco CEO and President, Craig Jelinek #skillsgap
  • © 2014 CareerBuilder© 2014 CareerBuilder EVERYONE RECEIVES SOME FORM OF CAREER COUNSELING OR PREPARATION IN SCHOOL. TRUTH OR MYTH? 24 | #skillsgap
  • © 2014 CareerBuilder25 | WHAT PERCENTAGE OF EMPLOYEES SAY THEY RECEIVED SOME FORM OF COUNSELING ON CAREER PATHING? BECAUSE OF THE HIGH UNEMPLOYMENT RATE? MORE THAN 40% WISH THEY RECEIVED #skillsgap
  • © 2014 CareerBuilder BE ANYTHING, DO ANYTHING MENTALITY 26 | #skillsgap
  • © 2014 CareerBuilder SOURCE: http://www.savingforcollege.com/tutorial101/the_real_cost_of_higher_education.php HIGH COST OF EDUCATION 27 | Public University (in-state) Private College Half and Half $38,300 $92,200 $129,700 $312,000 $74,700 $179,800 Enrolling 2013 Enrolling 2031 #skillsgap
  • © 2014 CareerBuilder BIGGEST BARRIER 28 | say the expense of paying for additional schooling is the biggest barrier when it comes to getting further training #skillsgap
  • © 2014 CareerBuilder PROFOUNDLY DISCONNECTED 29 | #skillsgap
  • © 2014 CareerBuilder VS. TRADE SCHOOLS VS. COLLEGE 30 | #skillsgap
  • © 2014 CareerBuilder EDUCATION’S ROLE 31 | WANT REALITYVS. #skillsgap
  • © 2014 CareerBuilder EDUCATIONAL DISCONNECT 32 | of academia think they should talk to potential employers to teach skills employers value most Yet only 45% claim to do this #skillsgap
  • © 2014 CareerBuilder RANDSTAD: “INSPRING EXPERTS” 33 | #skillsgap
  • © 2014 CareerBuilder© 2014 CareerBuilder YOU – AS AN EMPLOYER CAN DO SOMETHING ABOUT THE SKILLS GAP. TRUTH OR MYTH? 34 | #skillsgap
  • © 2014 CareerBuilder35 | HOW LONG DOES IT TAKE AN EDUCATIONAL INSTITUTION TO CHANGE CURRICULUM? YET 63% CLAIM THEY ARE ATTEMPTING TO CHANGE CURRICULUM BASED ON #skillsgap
  • © 2014 CareerBuilder EMPLOYERS TAKE A STAND Employers coming together to bridge the Skills Gap 36 | #skillsgap
  • © 2014 CareerBuilder BECOME AN EMPOWERED EMPLOYER 37 | Overcome fear of training Change perception on talent Partner with universities #skillsgap
  • © 2014 CareerBuilder CONNECT WITH LOCAL UNIVERSITIES 38 | #skillsgap
  • © 2014 CareerBuilder PARTNER WITH LOCAL NON-PROFITS 39 | #skillsgap
  • © 2014 CareerBuilder CHANGE THE WAY YOU LOOK AT TALENT 40 | Don’t ignore the long-term unemployed Don’t look for past job titles only on resumes Resume John Smith Job Title Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque tellus eros, euismod quis. Special Skills Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque tellus eros, euismod quis. Set realistic expectations on job descriptions Help Wanted Data Corp. Job Description Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque tellus eros, euismod quis. Skills Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque tellus eros, euismod quis. Hire for potential – and train them #skillsgap
  • © 2014 CareerBuilder OVERCOME FEAR OF TRAINING 41 | Training = Loyalty = Retention = Money Saved #skillsgap
  • © 2014 CareerBuilder© 2014 CareerBuilder www.careerbuilder.com/skillsgapstudy 42 | Rob Sentz Vice President, Marketing EMSI @desktopecon Keith Hadley Vice President, Employment Branding CareerBuilder @keithhadley #skillsgap