The growing gap between formal education and job preparedness

October 10th, 2012 by Briana Cummings

As a society, we must figure out how to rapidly re-skill a vast number of people on an ongoing basis to both remain relevant globally and to avoid long periods of high unemployment. ~ Harvard Business Review

There is a gap between what schools teach and what employers need their employees to know.

The highest-growing job sectors –among both white-collar (biochemists, market research analysts) and blue-collar (contractors, electricians) jobs — are those in which extensive preparation and up-to-date skill development is required. Low-skill jobs (postal mail carriers, switchboard operators) are becoming more and more scarce.

study by the Harvard Business Review and Deloitts’s Shift Index found that America is in a “cycle of obsolescence”: what students learn in college is obsolete within a few years.

The result is that college graduates can’t find jobs — more than half of those who have received a college degree since 2006 cannot find full-time jobs, according to a recent Rutgers university report — and employers can’t find human capital. An Economist Intelligence Unit survey of executives from multinational companies found that a majority of respondents feared that talent shortages would soon begin to affect their bottom line.

One Response to “The growing gap between formal education and job preparedness”

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