Skills for Growth

Press Conference26 April 2012Mark Spelman

Global Managing Director, StrategyAccenture

18%18% plan to increase investment in skills and training in next 12 months

What European decision makers say

froze or cut investment in skills and training in last 12 months86%86%

currently face at least moderate skills shortages43%43%

strongly believe Europe must increase investment in education and skills, despite the weak economy 72%72%

of business leaders say business needs to take leadership in convening multi-sector compacts that address skills issues

55%55%

Source: Eurostat.

25m25m

people are currently employed, but there are also:

looking for a job (officially unemployed), and

who would like to work but are not seeking work,comprising:

women aged 25-64

Untapped Talent

Source: Eurostat.

215m215m

15m15m

7.0m7.0m young people aged 15-244.1m4.1m men aged 25-643.8m3.8m older people aged 65-740.5m0.5m

Poor Labour Mobility

To what extent do you agree or disagree with the following statements?“We are utilising the full range of skills and expertise available within … ”

Number of respondents = 500. Source: Accenture European Business Summit Survey 2012.

% of Respondents

17%17% of employers collaborate with other employers in other sectors

Lack of Collaboration

of employers collaborate with other employers in their sector29%29%

of business leaders believe public investment in education and skills is not well targeted46%46%

of public sector leaders hold the same view about private sector investment42%42%

Source: Eurostat.

Raise the Water Level: Activate untapped labour pools

• Use analytics to generate insights from labour data• Deploy bespoke interventions for the unemployed• Ease barriers to discouraged workers

Increase the Flows: Improve skills mobility and transferability

• Promote mobility within organizations• Enhance skills recognition and certification• Streamline immigration policy

Build Bridges: Broader and deeper collaboration

• Build partnerships between education and business• Create B2B partnerships around skills• Cascade higher skills standards through the supply chain

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