![]() ![]() …Once you graduate from high school or college, you don't go back for more education." "A professor professes, the students take notes, they go home and do their homework, and then come back and take a test. "We still operate on an educational model that is based on Prussia in the Middle Ages," he said. How society, including employers, engages with all the people feeling underemployed or who've dropped out of the labor market is "the chief human capital challenge for our generation going forward," Ferguson said.įerguson explained that our present skills gap can be bridged by adopting alternative educational models and workforce development programs and by employers training employees and new hires in the skills needed at their organizations. ![]() #Braid society fill the gap manualHe added that the majority of growth in jobs and wages has been for roles with a high degree of analytical and social skills, while jobs related to manual labor, like in construction and manufacturing, have not grown as much. "Millions of companies are saying they can't find people with the right skills, and 36 percent of people in the workforce-over 50 million people-feel they are underemployed."įerguson said that the labor participation rate should be at around 66 percent, similar to before the Great Recession, or even 67 percent, after 80 consecutive months of job growth, but instead it has fallen to where it was in 1977 (62.9 percent). "There are people without jobs and jobs without people," Ferguson said. The average cost HR managers say they incur for having extended job vacancies is more than $800,000 annually, according to CareerBuilder research. Nearly 60 percent of employers have jobs that stay vacant for 12 weeks or longer. The low unemployment rate and a labor force participation rate that has not rebounded from reductions suffered during the Great Recession, plus a growing skills gap, have created a significant talent deficit as well as a hypercompetitive hiring environment. #Braid society fill the gap softwareHe was speaking at Empower 2017, a CareerBuilder conference for recruiting professionals held by the end-to-end recruiting software company. CHICAGO-Employers need to develop innovative education and training to close the skills gap, said CareerBuilder CEO Matt Ferguson. ![]()
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