The data behind the need for Future Skills, Reskilling, Upskilling, Jobs & Employability

1. Work Rebooted 2020
PREPARING FOR WORKFORCE 2030: FUTURE SKILLS, RESKILLING, UPSKILLING, JOBS & EMPLOYABILITY
Sean T. Sullivan
Chief Human Resources Officer
SHRM
Anna Wong
Deputy Director, Digital Academy
Government of Canada
Ann Kovalchick
Associate Vice Chancellor & Chief Information Officer
University of California Merced
Lori Adams
Veterans Policy Director
National Association of State Workforce Agencies
Panel Moderator:
Shannon Lucas
Co-CEO
Catalyst Constellations
Panelists:

2. Understanding the Context
Unemployment (U3) vs (U6) vs Participation
State by State
Rural vs Metropolitan

3. Unemployment Rate (U3) - Dec 2019 = 3.5%
https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm

4. Unemployment Rate (U6) – Dec 2019 = 6.7%
https://www.marketwatch.com/story/the-real-us-unemployment-rate-reached-a-17-year-low-2018-06-01

5. Actual Labor Force Participation – Dec 2019 = 63%
https://fred.stlouisfed.org/series/CIVPART

6. Not All States Impacted Equally
https://www.statista.com/statistics/200017/state-unemployment-rate-in-the-us/

7. Alaska 6.1%
Vermont 2.3%

8. Rural vs Metropolitan Job Growth
https://www.usnews.com/news/national-news/articles/2017-03-20/6-charts-that-illustrate-the-divide-between-rural-and-urban-america

9. Potential Engagement Blockers
Literacy
Digital Divide
Changing Landscape of Higher Ed

10. Over 36 million adults in the U.S. lack basic literacy skills.
http://map.barbarabush.org/overview/#intro

11. % who are Hispanic/Latinx
http://map.barbarabush.org/overview/#intro

12. % who are Black/African American
http://map.barbarabush.org/overview/#intro

13. Digital Divide
https://www.pewresearch.org/fact-tank/2019/05/07/digital-divide-persists-even-as-lower-income-americans-make-gains-in-tech-adoption/

14. Digital Divide 26% are Smartphone Dependent
https://www.pewresearch.org/fact-tank/2019/05/07/digital-divide-persists-even-as-lower-income-americans-make-gains-in-tech-adoption/

15. Changing Landscape of Higher Education
https://howmuch.net/articles/price-changes-in-usa-in-past-20-years

16. Changing Landscape of Higher Education
https://www.wsj.com/articles/in-reversal-colleges-rein-in-tuition-1500822001
400% since early 80s

17. Reskilling vs Upskilling
Massively changing nature of work
Critical to business success and retention
Not impacting evenly

18. Stat:
https://talentguard.com/reskilling-upskilling-strategic-response-changing-skill-demands/
The World Economic Forum
estimates that over half
of all employees (54%)
will require
‘significant’ reskilling by 2022.
54%
Require
Significant
Reskilling

19. Stat:
https://www.linkedin.com/feed/news/120m-need-upskilling-4435491/
“More than 120 million workers throughout the
world (11.5 million in the U.S.)
will need to be retrained in the next 3 years
because of the changes that
artificial intelligence will bring to the
workplace”

20. Stat:
https://talentguard.com/reskilling-upskilling-strategic-response-changing-skill-demands/
Four out of five CEOs
identified their employees’
lack of essential skills
as a threat to growth.

21. Stat:
https://www.roberthalf.com/blog/management-tips/the-importance-of-upskilling-your-employees
“A whopping 91 percent
[of newer professionals]
cited professional training
as an important factor
when choosing an employer.”
91%

22. Shifting Work Landscape
https://www.cnbc.com/2019/01/25/these-workers-face-the-highest-risk-of-losing-their-jobs-to-automation.html