Resources

Few readers will be surprised to learn that a skills gap is affecting the U.S. economy. U.S. employers are not able to find employees with the skills needed for open positions, and most unemployed job seekers agree they need additional education and training to get the jobs they seek. While this gap isn’t new, it is growing and will affect standards of living if we don’t start addressing it now. 
 
We suggest that you learn more about the skills gap by reading the articles listed below:

Employer Collaboratives: Shared Interests, Shared Prosperity, USCCF

The U.S. economy faces a looming crisis. Despite the hard work businesses have put into increasing job growth, many positions remain unfilled due to a shortage of skilled applicants. If current projections continue, more than 6 million positions will remain unfilled by the year 2020. We must close the skills gap now to protect the competitiveness of American business and the security of our economy.

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Bridge the Gap: Rebuilding America's Middle Skills, Harvard Business School

Business and civic leaders, educators, and policymakers of all stripes share concerns over the relentless erosion of America’s middle class and growing polarization of incomes. At the heart of the issue is an oft-discussed anomaly: while millions of aspiring workers remain unemployed and an unprecedented percentage of the workforce report being underemployed, employers across industries and regions find it hard to fill open positions. The market for middle-skills jobs—those that require more education and training than a high school diploma but less than a four-year college degree—is consistently failing to clear. 

Creating Shared Value, by Michael Porter and Mark KramerHarvard Business Review

The concept of shared value can be defined as policies and operating practices that enhance the competitiveness of a company while simultaneously advancing the economic and social conditions in the communities in which it operates. Shared value creation focuses on identifying and expanding the connections between societal and economic progress. The concept rests on the premise that both economic and social progress must be addressed using value principles. 
 

The Shocking Truth About the Skills GapCareerBuilder

The economy is beginning its uphill climb toward prosperity, and signs of healing markets suggest a promising future.Though massive layoffs characterized the height of recessionary conditions, that situation too has begun to turn around as more jobs are added every day. Despite these positive signs of growth and recovery, a curious problem has emerged: employers are having a diffi cult time filling open jobs.

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Recovery: Job Growth and Educational Requirements through 2020Georgetown University's Center on Education and the Workforce

This report looks forward to the year 2020 and predicts the state of the American economy. Recovery 2020 provides vital labor market information such as which fields are expected to create the most jobs, the education requirements required to gain employment in the U.S., and the skills most coveted by employers. 

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Out of Inventory: Skills Shortage Threatens Growth for U.S. ManufacturingAccenture and Manufacturing Institute

More than 50% of companies report plans to increase US-based production by at least 5% in the next five years, with nearly a quarter of respondents planning to grow US-based manufacturing roles by over 10% in the next five years. However, this new report also  points to storm clouds on the horizon that could dampen growth: shortages in the skilled  talent required to perform  essential tasks today and to innovate for tomorrow.

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Talent Pipeline Draining Growth: Connecting Human Capital to the Growth AgendaChartered Global Management Accountant

As the world of business becomes ever more international, competitive and volatile, building a successful company that is ready for tomorrow is becoming more and more challenging. In this increasingly complex environment, reliance on product or technology attributes may only provide short-term and first-mover advantages, as they can be easily replicated. Two of the most critical factors that determine an organization’s fate in this environment are the quality of its human capital and the way it manages its talent pipeline.