the truth about the skills gap - webinar slides
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© 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 SentzVice President, MarketingEMSI@desktopecon
Keith HadleyVice President, Employment BrandingCareerBuilder@keithhadley
OUR SPEAKERS
2 |
#skillsgap
© 2014 CareerBuilder
TODAY’S IMPROVING ECONOMY?
3 |
2009 2010 2011 2012 2013
Gradually declining unemployment means an improving economy
#skillsgap
© 2014 CareerBuilder
EDUCATED AND OUT OF WORK
4 |
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?
5 |
#skillsgap
© 2014 CareerBuilder
6 |
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
© 2014 CareerBuilder
COMPETITION IS STILL TOUGH
7 |
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
8 |
#skillsgap
© 2014 CareerBuilder
SUPPLY & DEMAND SCREENSHOT…
9 |
#skillsgap
© 2014 CareerBuilder© 2014 CareerBuilder
THE SKILLS GAP ISN’T A “SKILLS GAP” IT’S A WAGE GAP.
TRUTH OR MYTH?
10 |
#skillsgap
© 2014 CareerBuilder
11 |
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
© 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
12 |
#skillsgap
© 2014 CareerBuilder
BOTH DO AGREE – WAGE IS A PROBLEM
13 |
#skillsgap
© 2014 CareerBuilder
SOCIETY IS FAILING
CareerPreparation
Competitive Compensation
Job Training
14 |
#skillsgap
© 2014 CareerBuilder© 2014 CareerBuilder
IF I TRAIN SOMEONE, THEY WILL LEAVE US.
TRUTH OR MYTH?
15 |
#skillsgap
© 2014 CareerBuilder
16 |
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
© 2014 CareerBuilder
THE REAL SKILLS GAP
17 |
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
© 2014 CareerBuilder
DEVELOPING THE RIGHT SKILLS: CISCO
18 |
#skillsgap
© 2014 CareerBuilder
TRAINING MEANS MORE APPLICANTS
19 |
73%
#skillsgap
© 2014 CareerBuilder© 2014 CareerBuilder
PEOPLE ARE DEMANDING JOBS. THAT MEANS WE CAN PAY THEM LESS.
TRUTH OR MYTH?
20 |
#skillsgap
© 2014 CareerBuilder21 |
WHAT PERCENTAGE OF EMPLOYEES SAY THEY ARE
PAYING PEOPLE LESSBECAUSE OF THE HIGH UNEMPLOYMENT RATE?
35%#skillsgap
© 2014 CareerBuilder
of professionals looking for a new job because of dissatisfaction with salary
UNSETTLED EMPLOYEES
22 |
30%
#skillsgap
© 2014 CareerBuilder
WAGE INCREASES DUE TO SHORTAGES
23 |
Healthcare IT Finance Engineering
#skillsgap
© 2014 CareerBuilder
WAGE INCREASES AS WAY OF RETENTION
24 |
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?
25 |
#skillsgap
© 2014 CareerBuilder
26 |
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
© 2014 CareerBuilder
BE ANYTHING, DO ANYTHING MENTALITY
27 |
#skillsgap
© 2014 CareerBuilder
SOURCE: http://www.savingforcollege.com/tutorial101/the_real_cost_of_higher_education.php
HIGH COST OF EDUCATION
28 |
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
29 |
say the expense of paying for additional schooling is the biggest barrier when it
comes to getting further training
61%
#skillsgap
© 2014 CareerBuilder
PROFOUNDLY DISCONNECTED
30 |
#skillsgap
© 2014 CareerBuilder
VS.
TRADE SCHOOLS VS. COLLEGE
31 |
#skillsgap
© 2014 CareerBuilder
EDUCATION’S ROLE
32 |
WANT REALITYVS.
#skillsgap
© 2014 CareerBuilder
EDUCATIONAL DISCONNECT
33 |
of academia think they should talk to potential employers to teach skills employers value most
96%Yet only 45% claim to do this
#skillsgap
© 2014 CareerBuilder
RANDSTAD: “INSPRING EXPERTS”
34 |
#skillsgap
© 2014 CareerBuilder© 2014 CareerBuilder
YOU – AS AN EMPLOYER CAN DO SOMETHING ABOUT THE SKILLS GAP.
TRUTH OR MYTH?
35 |
#skillsgap
© 2014 CareerBuilder
36 |
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
© 2014 CareerBuilder
EMPLOYERS TAKE A STAND
Employers coming together to
bridge the Skills Gap
%
37 |
#skillsgap
© 2014 CareerBuilder
BECOME AN EMPOWERED EMPLOYER
38 |
Overcome fear of training
Change perception on talent
Partner withuniversities
#skillsgap
© 2014 CareerBuilder
CONNECT WITH LOCAL UNIVERSITIES
39 |
#skillsgap
© 2014 CareerBuilder
PARTNER WITH LOCAL NON-PROFITS
40 |
#skillsgap
© 2014 CareerBuilder
CHANGE THE WAY YOU LOOK AT TALENT
41 |
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
© 2014 CareerBuilder
OVERCOME FEAR OF TRAINING
42 |
Training = Loyalty = Retention = Money Saved
#skillsgap
© 2014 CareerBuilder© 2014 CareerBuilder
www.careerbuilder.com/skillsgapstudy
43 |
Rob SentzVice President, MarketingEMSI@desktopecon
Keith HadleyVice President, Employment BrandingCareerBuilder@keithhadley
#skillsgap