Transcript
Page 1: The Truth About the Skills Gap - Webinar Slides

© 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

Page 2: The Truth About the Skills Gap - Webinar Slides

© 2014 CareerBuilder

Rob SentzVice President, MarketingEMSI@desktopecon

Keith HadleyVice President, Employment BrandingCareerBuilder@keithhadley

OUR SPEAKERS

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#skillsgap

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© 2014 CareerBuilder

TODAY’S IMPROVING ECONOMY?

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2009 2010 2011 2012 2013

Gradually declining unemployment means an improving economy

#skillsgap

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© 2014 CareerBuilder

EDUCATED AND OUT OF WORK

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of people under 25 are unemployed or underemployed

39%

#skillsgap

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© 2014 CareerBuilder© 2014 CareerBuilder

EMPLOYERS CAN BE MORE SELECTIVE IN THEIR RECRUITMENT PROCESS

BECAUSE OF UNEMPLOYMENT RATES.

TRUTH OR MYTH?

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#skillsgap

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© 2014 CareerBuilder

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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

QUALIFIED CANDIDATES.

8 in 10

50%

YET

AND

#skillsgap

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© 2014 CareerBuilder

COMPETITION IS STILL TOUGH

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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

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© 2014 CareerBuilder

DEMAND CONTINUES TO GROW IN STEM

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#skillsgap

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SUPPLY & DEMAND SCREENSHOT…

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#skillsgap

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© 2014 CareerBuilder© 2014 CareerBuilder

THE SKILLS GAP ISN’T A “SKILLS GAP” IT’S A WAGE GAP.

TRUTH OR MYTH?

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#skillsgap

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© 2014 CareerBuilder

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WHAT DO EMPLOYERS AND JOB-SEEKERS

BELIEVE IS THE MAIN CAUSE OF THE

SKILLS GAP?

OF EMPLOYERS SAY IT’S DUE

TO LACK OF SKILLS

55%OF JOB-SEEKERS SAY IT’S

DUE TO EDUCATION GAPS

#skillsgap

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© 2014 CareerBuilder

WAGE AND JOB CHANGESAccommodation 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%

% D

iffer

ence

10%

-5%

5%

0%

% D

iffer

ence

10%

5%

0%% D

iffer

ence

-10%

-20%

10%

0%

% D

iffer

ence

40%

20%

0%

% D

iffer

ence

10%

15%

5%

% D

iffer

ence

2002 2004 2006 2008

YEAR

2010 2012

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#skillsgap

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© 2014 CareerBuilder

BOTH DO AGREE – WAGE IS A PROBLEM

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#skillsgap

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SOCIETY IS FAILING

CareerPreparation

Competitive Compensation

Job Training

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#skillsgap

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© 2014 CareerBuilder© 2014 CareerBuilder

IF I TRAIN SOMEONE, THEY WILL LEAVE US.

TRUTH OR MYTH?

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#skillsgap

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© 2014 CareerBuilder

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WHAT PERCENTAGE OF EMPLOYEES SAY THEY ARE

MORE LIKELY TO STAY

AT A COMPANY THAT TRAINS THEM?

92%THE SAME PERCENTAGE SAY THEY WILL ALSO BE

MORE LOYAL TO THAT COMPANY.

#skillsgap

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© 2014 CareerBuilder

THE REAL SKILLS GAP

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24% feel gaps in job training

are a leading cause for the skills gap

60% of job-seekers believe necessary skills will be learned on the job

49% of employers believe

job-specific skills are scarce

#skillsgap

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© 2014 CareerBuilder

DEVELOPING THE RIGHT SKILLS: CISCO

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#skillsgap

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TRAINING MEANS MORE APPLICANTS

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73%

#skillsgap

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© 2014 CareerBuilder© 2014 CareerBuilder

PEOPLE ARE DEMANDING JOBS. THAT MEANS WE CAN PAY THEM LESS.

TRUTH OR MYTH?

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#skillsgap

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WHAT PERCENTAGE OF EMPLOYEES SAY THEY ARE

PAYING PEOPLE LESSBECAUSE OF THE HIGH UNEMPLOYMENT RATE?

35%#skillsgap

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© 2014 CareerBuilder

of professionals looking for a new job because of dissatisfaction with salary

UNSETTLED EMPLOYEES

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30%

#skillsgap

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WAGE INCREASES DUE TO SHORTAGES

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Healthcare IT Finance Engineering

#skillsgap

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© 2014 CareerBuilder

WAGE INCREASES AS WAY OF RETENTION

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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

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© 2014 CareerBuilder© 2014 CareerBuilder

EVERYONE RECEIVES SOME FORM OF CAREER COUNSELING OR PREPARATION IN SCHOOL.

TRUTH OR MYTH?

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#skillsgap

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© 2014 CareerBuilder

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WHAT PERCENTAGE OF EMPLOYEES SAY THEY RECEIVED

SOME FORM OF COUNSELING ON CAREER PATHING?

BECAUSE OF THE HIGH UNEMPLOYMENT RATE?

25%MORE THAN 40% WISH THEY RECEIVED

MORE GUIDANCE EARLIER.#skillsgap

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BE ANYTHING, DO ANYTHING MENTALITY

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#skillsgap

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SOURCE: http://www.savingforcollege.com/tutorial101/the_real_cost_of_higher_education.php

HIGH COST OF EDUCATION

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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

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© 2014 CareerBuilder

BIGGEST BARRIER

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say the expense of paying for additional schooling is the biggest barrier when it

comes to getting further training

61%

#skillsgap

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© 2014 CareerBuilder

PROFOUNDLY DISCONNECTED

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#skillsgap

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VS.

TRADE SCHOOLS VS. COLLEGE

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#skillsgap

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EDUCATION’S ROLE

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WANT REALITYVS.

#skillsgap

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EDUCATIONAL DISCONNECT

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of academia think they should talk to potential employers to teach skills employers value most

96%Yet only 45% claim to do this

#skillsgap

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© 2014 CareerBuilder

RANDSTAD: “INSPRING EXPERTS”

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#skillsgap

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© 2014 CareerBuilder© 2014 CareerBuilder

YOU – AS AN EMPLOYER CAN DO SOMETHING ABOUT THE SKILLS GAP.

TRUTH OR MYTH?

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#skillsgap

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© 2014 CareerBuilder

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HOW LONG DOES IT TAKE AN EDUCATIONAL INSTITUTION TO

CHANGE CURRICULUM?

MORE THAN A YEAR

YET 63% CLAIM THEY ARE ATTEMPTING TO CHANGE CURRICULUM BASED ON LOCAL DEMANDS

#skillsgap

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© 2014 CareerBuilder

EMPLOYERS TAKE A STAND

Employers coming together to

bridge the Skills Gap

%

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#skillsgap

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© 2014 CareerBuilder

BECOME AN EMPOWERED EMPLOYER

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Overcome fear of training

Change perception on talent

Partner withuniversities

#skillsgap

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© 2014 CareerBuilder

CONNECT WITH LOCAL UNIVERSITIES

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#skillsgap

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PARTNER WITH LOCAL NON-PROFITS

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#skillsgap

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© 2014 CareerBuilder

CHANGE THE WAY YOU LOOK AT TALENT

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Don’t ignore the long-term unemployed

Don’t look for past job titles

only on resumes

Resume

John Smith

Job TitleLorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque tellus eros, euismod quis.

Special SkillsLorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque tellus eros, euismod quis.

Set realistic expectations on job descriptions

Help Wanted

Data Corp.

Job DescriptionLorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque tellus eros, euismod quis.

SkillsLorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque tellus eros, euismod quis.

Hire for potential –

and train them

#skillsgap

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© 2014 CareerBuilder

OVERCOME FEAR OF TRAINING

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Training = Loyalty = Retention = Money Saved

#skillsgap

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© 2014 CareerBuilder© 2014 CareerBuilder

www.careerbuilder.com/skillsgapstudy

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Rob SentzVice President, MarketingEMSI@desktopecon

Keith HadleyVice President, Employment BrandingCareerBuilder@keithhadley

#skillsgap


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