Techno-News Blog

June 5, 2018

Skills Deficit Will Imperil U.S. Economy by 2030

Filed under: Uncategorized — admin @ 12:20 am

By Dian Schaffhauser, THE Journal

The report offers little direct guidance for addressing the skills gap. However, it advised governments to “make talent strategy a key priority and take steps now to educate, train and upskill their existing workforces.” The consultancy also suggested that companies themselves recognize their responsibility to train workers and “encourage governments to rethink education programs to generate the talent pipelines the industry will require.” For example, some organizations are hiring students out of high school and college with the expectation that they’ll do the training to prepare the graduates for the unique company culture and ways of working. “Our study reveals that there already isn’t enough skilled talent to go around, and, by 2030, organizations and economies could find themselves in the grip of a talent crisis. In the face of such acute talent shortages, workforce planning and a comprehensive understanding of the talent pipeline are critical,” said Korn Ferry CEO, Alan Guarino, in a prepared statement.

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