Your new post is loading...
Your new post is loading...
Employers worldwide and across several sectors are reporting difficulties in finding and hiring the employees with the right skills, with losses of productivity and competitiveness. Many employers are now looking at AI to address these skill shortages. This session will engage AI experts, employers, union representatives and technology developers to discuss the extent to which AI can be leveraged to automate tasks, and functions, improve hiring processes and predicting skill needs.
Learn how successful organisations worldwide use skills to ensure they and their people are thriving post-pandemic and how your organisation can do it too. Download this eBook to learn: How high-performing organisations are leading with skills The employer vs employee confidence gap The current state of skills development around the world Practical tactics from leading with skills and becoming an HPO
Investing in Australians’ education is far more important than immigration in resolving the nation’s skills shortages, according to leading economists surveyed in the lead-up to this week’s jobs and skills summit.
The new realities of work have created long-term impacts — good and bad — for your organization and your people. The organizations that successfully navigate this uncharted wilderness are able to thrive by developing the skills of their people.
Mike Bollinger, VP Strategic Initiatives at Cornerstone, will walk you through insights from Cornerstone original research and how successful organizations worldwide use skills to ensure their people are thriving post-pandemic.
In this webinar you’ll learn: How high-performing organizations are leading with skills The employer vs employee confidence gap The current state of skills development around the world Practical tactics for leading with skills
The economy needs more human skills. There is opportunity for both universities and employers to take steps to address this.
How severe is Europe’s dearth of AI talent and how does it compare to the United States, China and the United Kingdom – the world’s AI champions?
The sixth report in the series summarises the devastating impact of skills shortages on the economy, estimated to be costing British businesses £4.4 billion a year.
Federal report suggests that bias toward the bachelor's degree is contributing to potential shortfall of millions of electricians and welders.
For years, governments have promised immigration and economic measures to give communities the workers they need – but when it comes to the statistics behind those needs, Canada still has a long way to go
This report explores the challenges employers are facing in filling vacancies, the role EU nationals are playing in the workforce, and makes policy recommendations that work across all sectors
Employers Report the Highest Global Talent Shortage since 2007; explore the roles that are in demand now
Rapid technological advances and the digitization of the workplace are making it harder for workers to match their skill sets with the needs of employers.
Via DennisOwen1
While economists and labour market researchers agree one of Canada’s greatest challenges over the next decade will be how to solve skilled worker shortages, there seems to be no consensus about just how to do that.
|
What are skills vacancies?
When an employer wants to fill a vacant job, they are really looking for a set of skills to help them complete specific tasks. Until that employer can recruit a new employee, they don’t have access to the skills they need. So job vacancies can actually be thought of as skill-set vacancies: an unmet need for particular skills.
Right now in Canada, skills vacancies represent $25 billion in unrealized economic value, an increase from $15 billion in 2015. Rising job vacancy numbers, higher wages, and changes in the types of available jobs have all contributed to this increase.
Our research examines skill deficiencies in the workforce, what those skills are worth, and how much economic value is being lost, to help illuminate the needs and requirements for Canadian labour, education, and immigration policy-makers.
Over the past decade in Atlantic Canada, we have watched as our demographic situation has worsened due to a low birth rate, an aging population, outmigration of young people, and a growing dependency rate. We have also experienced significant growth in our major urban areas while rural parts of Atlantic Canada struggle. The two are not unrelated. For the first time in memory, many sectors of our economy began to experience both labour shortages, caused chiefly by the discrepancy between entrants to and retirees from the labour pool, and skill shortages, especially in those areas that are difficult to quantify, teach and assess – often referred to as soft, essential, employment, or 21st Century skills, among other descriptors.
Access to digital technology has demonstrated the ability to change learning in the workplace with easily available resources and flexibility through often self-paced learning environments, offering employees the ability to take control of their learning experiences. The scarce existing body of research suggests that “specialised” MOOCs may be an effective means of upskilling the workforce. Whilst MOOCs offer a convenient, scalable and cost-effective means for businesses looking to increase or update skills within their workforce, much uncertainty still exists about both Australian employers’ and employee perceptions and attitudes towards the use of MOOCs as a way of addressing the skills gaps. The aim of this study was to explore the potential for MOOCs in addressing the skills gaps in the Australian workforce through a systematic qualitative review of the literature. In total, 19 research and media articles were reviewed. Three major themes emerged: MOOCs and flexibility for learning, MOOCs for on-demand, lifelong learning in a rapidly changing workplace, and credentialing of MOOCs towards a formal qualification. This study aims to contribute to this growing area of research by exploring the extent to which MOOCs might help address skills shortages and upskill employees in an Australian context.
Canada’s labour market is feeling the strain of the current skills shortage. According to the Conference Board of Canada, skills-related job vacancies are costing our economy as much as $25 billion in 2020 – about 1.3% of our GDP.
In order to help respond to these skills shortages, the Future Skills Centre is investing $19 million in the expansion of 13 training and career service programs across Canada.
Eighty per cent of Canadian manufacturers surveyed in a new report are facing an immediate labour and skills shortage that was made worse by the COVID-19 pandemic.
Despite recognised as among the most vulnerable to the coronavirus, refugees across the EU and beyond are stepping up to support local communities in fighting against the COVID-19 pandemic. Their contribution is a reminder that – vulnerable or not – refugees have Skill that may be of added value to the local labour market of the countries of asylum, particularly those challenged with skill shortages.
Using job postings data, we’ve developed a demand-driven taxonomy of digital skills to uncover the specific combinations of digital and soft skills employers are looking for
Industry will need to fill about 100,000 jobs in next decade
Yes, there are skills shortages, but a) not many think they are that significant, and big business thinks they’re better insulated than other companies in their sector. But compared to when the Canadian Council of CEO’s asked a similar (but ever so-slightly differently worded) question four years ago, the answers seem to be that skills shortages seem to have eased.
Despite some progress in reducing education gaps, skills remain an important barrier for development on the continent, according to the Africa Competitiveness Report 2017. And while higher education participation in advanced economies is still growing significantly, in Africa it has only progressed from approximately 6.5% to 8.5% over the past 10 years.
Canadian engineers are retiring en masse, and we need highly qualified graduates to replace them.
|