Top Ten Skill Gap Facts

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The Technical Skill Gap is real ... here's 10 facts from various surveys that help outline the issues and needs. How is the skills gap affecting you? And do you have a STEM Jobs plan to address it?

Text of Top Ten Skill Gap Facts

  • 1. 10 FACTSThat suggest the Skills Gap in the U.S.

2. 92 PercentBUSINESS EXECUTIVES Believe that a skills gap exists according to research performed by Adecco with 500 Fortune 1000 executives 3. 40 MillionFewer workers with required skills A 2012 report by McKinsey & Co. predicts by 2020 that global skill gaps will reach 40 million jobs lacking qualied candidates 4. 4 MillionUNFILLED JOBS MONTHLYIn the US, (2014) there are nearly 11 million individuals unemployed while more than 4 million jobs go unlled month over month. 67% of these jobs require specic technical skills. 5. 93 MillionIT SKILL GAP IN CURRENT WORKERSA CompTIA study indicated that 15 Million US businesses rate the aggregate skill levels of their IT staff as less than optimal and 93 percent indicated their employees at large had an overall skill gap for the work required. 6. 77 PercentLower Productivity 77% of respondents to an ASTD survey indicated that the primary business impact of employee skills gap was lower productivity. 7. 27 PercentCOLLEGE GRADUATES HIRED FOR MAJORA recent study by Chegg indicated that only 27% percent of college graduates are hired in a job related to their major ... suggesting a mis-alignment between education and jobs. 8. 67 PercentMANUFACTURING COMPANIES The Manufacturing Institute published a survey of 1,123 manufacturing companies that indicated a moderate to severe shortage of available, qualied workers. 9. 50 PercentHUMAN RESOURCES MANAGERS In a CareerBuilder poll conducted in 2013, Half of HR Managers indicated that they had long-term unlled positions for which they could nd no qualied candidates. 10. 26 PercentBACK TO SCHOOL49 percent of employers are planning to hire and then train employees to meet their needs - a 10 point increase over the prior year and 26% are sending employees back to school and picking up the costs. 11. 27 PercentBUILDING TALENT PIPELINES27 percent of hiring managers are starting new high school and middle school recruitment initiatives to increase the connection between skills and jobs 12. NEED A SKILLS GAP STRATEGY?Let us help you kickstart your technical skills program with a STEM strategyTODAY