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Changing Employee Skills and Education Requirements—Education Levels of Today’s Workforce

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  • 1. SHRM Survey Findings:Changing Employee Skills and EducationRequirements—Education Levels of Today’s WorkforceIn collaboration with and commissioned by Achieve October 3, 2012
  • 2. Introduction• This is the second part of a series of SHRM/Achieve survey findings titled “Changing Employee Skills and Education Requirements.” These results look at the education levels of today’s workforce.• The following nine industries were included in the sample. Overall results are reported first, followed by industry-specific results for the following industries:  Construction, mining, oil and gas  Federal government  Finance  Health  High-tech  Manufacturing  Professional services  State and local government  Nonprofessional services SHRM/Achieve Survey: Changing Employee Skills and Education Requirements—Education Levels of Today’s Workforce ©SHRM 2012 2
  • 3. Key Findings• Are jobs being filled by people with more educational qualifications than are actually required by their positions? To some extent, yes. Overall, organizations across all industries report that most jobs are held by individuals with educational credentials closely matched to those required by the job. Slightly more individuals possess additional educational credentials than what is needed for jobs with no minimum education requirements, as well as for jobs requiring an advanced degree.• What industries have the highest percentage of advanced degree holders? Professional services (20%), the federal government (16%), high-tech (15%) and health (13%) industries have the greatest percentage of employees who hold advanced degrees (e.g., master’s, MBA, Ph.D., M.D., J.D.).• Did most industries have job openings in 2011? Yes, almost all organizations—96% overall—said they had job openings in 2011. The top industries hiring were health (99%), finance (97%) and high-tech (97%).• Were there industries that had jobs available in 2011 with no minimum education requirements? A few industries do still offer a few jobs with no minimum education requirements: nonprofessional services (21%), construction, mining, oil and gas (19%), and manufacturing (12%). However, in all other industries, fewer than 10% of job openings in 2011 had no minimum educational requirements (see slide 15).• How often are newly hired employees’ educational credentials actually higher than the minimum education listed in the job announcement? Across industries, more than one-half (53%) say this occurs at least some of the time for jobs that require a minimum of a high school diploma, and 30% say this happens most of the time. Industries that are most likely to say that most or all of the time newly hired employees’ educational credentials are actually higher than the minimum education listed in the job announcement were high-tech (48%), professional services (46%) and the federal government (41%). SHRM/Achieve Survey: Changing Employee Skills and Education Requirements—Education Levels of Today’s Workforce ©SHRM 2012 3
  • 4. What percentage of your organization’s positions that are currently filled require the following education credentials? What percentage of your organization’s current full-time equivalent employees (FTEs) actually possess these educational credentials? All Industries No minimum education requirements 8% Less than high school diploma 4% 35% High school diploma or equivalent only 34% Specific postsecondary 8% Required in Currently certificate/credential(s) only Filled Positions 8% (n = 4,174) Actually Possessed by 7% Associate’s degree Current FTEs 9% (n = 3,707) 33% Bachelor’s degree 34% Advanced degree 8% (e.g., masters, MBA, Ph.D., M.D., J.D.) 11%Note: Percentages may not total 100% due to rounding. SHRM/Achieve Survey: Changing Employee Skills and Education Requirements—Education Levels of Today’s Workforce ©SHRM 2012 4
  • 5. What percentage of your organization’s positions that are currently filled require the following education credentials? What percentage of your organization’s current full-time equivalent employees (FTEs) actually possess these educational credentials? Construction, Mining, Oil and Gas No minimum education requirements 20% Less than high school diploma 10% 32% High school diploma or equivalent only 38% 9% Required in Currently Specific postsecondary Filled Positions certificate/credential(s) only 9% (n = 424) Actually Possessed by 6% Current FTEs Associate’s degree (n = 386) 8% 29% Bachelor’s degree 29% Advanced degree 3% (e.g., masters, MBA, Ph.D., M.D., J.D.) 5%Note: Percentages do not total 100% due to rounding. SHRM/Achieve Survey: Changing Employee Skills and Education Requirements—Education Levels of Today’s Workforce ©SHRM 2012 5
  • 6. What percentage of your organization’s positions that are currently filled require the following education credentials? What percentage of your organization’s current full-time equivalent employees (FTEs) actually possess these educational credentials? Federal Government No minimum education requirements 10% Less than high school diploma 2% 33%High school diploma or equivalent only 31% 8% Required in Currently Specific postsecondary Filled Positions certificate/credential(s) only 8% (n = 257) Actually Possessed by 7% Current FTEs Associate’s degree (n = 220) 10% 31% Bachelor’s degree 33% Advanced degree 11% (e.g., masters, MBA, Ph.D., M.D., J.D.) 16% SHRM/Achieve Survey: Changing Employee Skills and Education Requirements—Education Levels of Today’s Workforce ©SHRM 2012 6
  • 7. What percentage of your organization’s positions that are currently filled require the following education credentials? What percentage of your organization’s current full-time equivalent employees (FTEs) actually possess these educational credentials? Finance No minimum education requirements 4% Less than high school diploma 1% 47% High school diploma or equivalent only 41% Specific postsecondary 4% Required in Currently certificate/credential(s) only 5% Filled Positions (n = 461) 6% Actually Possessed by Associate’s degree Current FTEs 9% (n = 392) 35% Bachelor’s degree 34% Advanced degree 5% (e.g., masters, MBA, Ph.D., M.D., J.D.) 9%Note: Percentages do not total 100% due to rounding. SHRM/Achieve Survey: Changing Employee Skills and Education Requirements—Education Levels of Today’s Workforce ©SHRM 2012 7
  • 8. What percentage of your organization’s positions that are currently filled require the following education credentials? What percentage of your organization’s current full-time equivalent employees (FTEs) actually possess these educational credentials? Health No minimum education requirements 4% Less than high school diploma 3% 31% High school diploma or equivalent only 31% Specific postsecondary 14% Required in Currently certificate/credential(s) only 13% Filled Positions (n = 513) 14% Actually Possessed by Associate’s degree Current FTEs 14% (n = 457) 26% Bachelor’s degree 27% Advanced degree 11% (e.g., masters, MBA, Ph.D., M.D., J.D.) 13%Note: Percentages do not total 100% due to rounding. SHRM/Achieve Survey: Changing Employee Skills and Education Requirements—Education Levels of Today’s Workforce ©SHRM 2012 8
  • 9. What percentage of your organization’s positions that are currently filled require the following education credentials? What percentage of your organization’s current full-time equivalent employees (FTEs) actually possess these educational credentials? High-tech No minimum education requirements 4% Less than high school diploma 1% 18% High school diploma or equivalent only 15% 6% Required in Currently Specific postsecondary Filled Positions certificate/credential(s) only 5% (n = 397) Actually Possessed by 7% Current FTEs Associate’s degree (n = 351) 8% 57% Bachelor’s degree 55% Advanced degree 9% (e.g., masters, MBA, Ph.D., M.D., J.D.) 15%Note: Percentages do not total 100% due to rounding. SHRM/Achieve Survey: Changing Employee Skills and Education Requirements—Education Levels of Today’s Workforce ©SHRM 2012 9
  • 10. What percentage of your organization’s positions that are currently filled require the following education credentials? What percentage of your organization’s current full-time equivalent employees (FTEs) actually possess these educational credentials? Manufacturing No minimum education requirements 14% Less than high school diploma 9% 47%High school diploma or equivalent only 51% Specific postsecondary 6% Required in Currently certificate/credential(s) only 6% Filled Positions (n = 502) 6% Actually Possessed by Associate’s degree Current FTEs 7% (n = 455) 24% Bachelor’s degree 22% Advanced degree 3% (e.g., masters, MBA, Ph.D., M.D., J.D.) 5% SHRM/Achieve Survey: Changing Employee Skills and Education Requirements—Education Levels of Today’s Workforce ©SHRM 2012 10
  • 11. What percentage of your organization’s positions that are currently filled require the following education credentials? What percentage of your organization’s current full-time equivalent employees (FTEs) actually possess these educational credentials? Nonprofessional Services No minimum education requirements 18% Less than high school diploma 10% 44% High school diploma or equivalent only 44% Specific postsecondary 7% Requireed in Currently certificate/credential(s) only 7% Filled Positions (n = 319) 5% Actually Possessed by Associate’s degree Current FTEs 7% (n = 272) 24% Bachelor’s degree 26% Advanced degree 3% (e.g., masters, MBA, Ph.D., M.D., J.D.) 5%Note: Percentages do not total 100% due to rounding. SHRM/Achieve Survey: Changing Employee Skills and Education Requirements—Education Levels of Today’s Workforce ©SHRM 2012 11
  • 12. What percentage of your organization’s positions that are currently filled require the following education credentials? What percentage of your organization’s current full-time equivalent employees (FTEs) actually possess these educational credentials? Professional Services No minimum education requirements 3% Less than high school diploma 1% 22%High school diploma or equivalent only 20% 7% Required in Currently Specific postsecondary Filled Positions certificate/credential(s) only 6% (n = 596) Actually Possessed by 6% Current FTEs Associate’s degree (n = 563) 7% 47% Bachelor’s degree 46% Advanced degree 15% (e.g., masters, MBA, Ph.D., M.D., J.D.) 20% SHRM/Achieve Survey: Changing Employee Skills and Education Requirements—Education Levels of Today’s Workforce ©SHRM 2012 12
  • 13. What percentage of your organization’s positions that are currently filled require the following education credentials? What percentage of your organization’s current full-time equivalent employees (FTEs) actually possess these educational credentials? State/Local Government No minimum education requirements 5% Less than high school diploma 3% 43% High school diploma or equivalent only 38% Specific postsecondary 10% Required in Currently certificate/credential(s) only 10% Filled Positions (n = 705) 8% Actually Possessed by Associate’s degree Current FTEs 10% (n = 611) 27% Bachelor’s degree 29% Advanced degree 6% (e.g., masters, MBA, Ph.D., M.D., J.D.) 9%Note: Percentages do not total 100% due to rounding. SHRM/Achieve Survey: Changing Employee Skills and Education Requirements—Education Levels of Today’s Workforce ©SHRM 2012 13
  • 14. Did your organization have any job openings in 2011? All industries (n = 3,893) 96% Health (n = 495) 99% Finance (n = 425) 97% High-tech (n = 372) 97% Manufacturing (n = 473) 96% Construction, mining, oil and gas (n = 394) 95% Nonprofessional services (n = 286) 95% Professional services (n = 575) 95% State/local government (n = 643) 95% Federal government (n = 230) 93%Note: Percentages represent respondents who answered “yes”. SHRM/Achieve Survey: Changing Employee Skills and Education Requirements—Education Levels of Today’s Workforce ©SHRM 2012 14
  • 15. Of your organization’s job openings in 2011, what percentage of the positions: Construction, Non- All Mining, Oil Federal High- Manufac- professional Professional State/Local Industries and Gas Government Finance Health tech turing Services Services Government (n = 3,525) (n = 360) (n = 205) (n = 380) (n = 456) (n = 335) (n = 435) (n = 254) (n = 525) (n = 575)Had nominimumeducation 8% 19% 7% 3% 3% 3% 12% 21% 3% 5%requirements?Required ahigh schooldiploma or 36% 33% 30% 52% 33% 15% 47% 44% 21% 45%equivalentonly?Required aspecificpostsecondarycertificate/ 8% 10% 9% 3% 15% 5% 4% 5% 6% 10%credential(s)only?Required anassociate’s 6% 5% 6% 4% 13% 6% 5% 5% 6% 7%degree?Required abachelor’s 36% 31% 35% 34% 27% 65% 29% 22% 51% 29%degree?Required anadvanceddegree (e.g., 7% 2% 13% 3% 10% 8% 2% 2% 13% 5%master’s, Ph.D.,M.D., JD.)?Note: Percentages may not total 100% due to rounding. Only respondents whose organizations had job openings in 2011 were asked this question. SHRM/Achieve Survey: Changing Employee Skills and Education Requirements—Education Levels of Today’s Workforce ©SHRM 2012 15
  • 16. For current job openings that require a minimum of a high school diploma or equivalent, how often are the newly hired employees’ educational credentials actually higher than the minimum education listed in the job announcement? All industries (n = 3,432) 2% 12% 53% 30% 3% High-tech (n = 283) 1% 5% 46% 44% 4% Professional services (n = 483) 2% 7% 45% 41% 5% Federal government (n = 193) 0% 9% 49% 37% 4% Finance (n = 369) 2% 7% 54% 36% 2% State/local government (n = 596) 2% 10% 54% 32% 2% Nonprofessional services (n = 252) 3% 17% 53% 26% 2% Construction, mining, oil and gas (n = 3% 17% 54% 23% 3% 362) Health (n = 455) 2% 14% 61% 21% 2% Manufacturing (n = 439) 3% 23% 57% 14% 2% Never Rarely Some of the time Most of the time AlwaysNote: Percentages may not total 100% due to rounding. Respondents who answered “Not sure” or “Not applicable” were excluded from thisanalysis. Industries are sorted in descending order by the “Most of the time” response option. SHRM/Achieve Survey: Changing Employee Skills and Education Requirements—Education Levels of Today’s Workforce ©SHRM 2012 16
  • 17. Of those newly hired employees who had higher than a high school diploma or equivalent, what percentage have had the following education credentials? All industries (n = 3,064) 28% 28% 39% 5% Finance (n = 324) 15% 30% 50% 5% High-tech (n = 251) 17% 30% 47% 6% Professional services (n = 454) 20% 24% 49% 7% Federal government (n = 176) 22% 27% 41% 10% State/local government (n = 524) 28% 30% 37% 6% Nonprofessional services (n = 222) 32% 29% 36% 3% Health (n = 405) 33% 30% 32% 6% Construction, mining, oil and gas (n = 40% 26% 31% 3% 318) Manufacturing (n = 390) 40% 29% 29% 3% Specific postsecondary certificate/credential(s) only Associate’s degree Bachelor’s degree Advanced degree (e.g., masters, MBA, Ph.D., M.D., J.D.)Note: Percentages may not total 100% due to rounding. Industries are sorted in descending order by the “Specific postsecondarycertificate/credential(s) only” response option. SHRM/Achieve Survey: Changing Employee Skills and Education Requirements—Education Levels of Today’s Workforce ©SHRM 2012 17
  • 18. SHRM Survey Findings: Changing Employee Skills and Education Requirements In collaboration with and commissioned by AchieveSurvey Methodology• Response rate = 18%• 4,695 HR professional respondents from a randomly selected sample of nine different industries in SHRM’s membership  Construction, mining, oil and gas = 491  Manufacturing = 526  Federal government = 356  Professional services = 492  Finance = 530  State and local government = 848  Health = 526  Non-professional services = 479  High-tech = 447• Margin of error +/-1%• Survey fielded March 28-April 30, 2012 SHRM/Achieve Survey: Changing Employee Skills and Education Requirements—Education Levels of Today’s Workforce ©SHRM 2012 18
  • 19. SHRM Survey Findings: Changing Employee Skills and Education RequirementsAbout SHRM Research• For more survey/poll findings, visit www.shrm.org/surveys• For more information about SHRM’s Customized Research Services, visit www.shrm.org/customizedresearch• Follow us on Twitter @SHRM_Research SHRM/Achieve Survey: Changing Employee Skills and Education Requirements—Education Levels of Today’s Workforce ©SHRM 2012 19

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