Human Capital and Productivity: Toward Quality Job Creation Randall Eberts W.E. Upjohn Institute for...
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Human Capital and Productivity: Toward Quality Job Creation Randall Eberts W.E. Upjohn Institute for Employment Research, USA International Economic Forum of the Americas Conference of Montréal 11 June 2014 1 W.E. Upjohn Institute
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Transcript of Human Capital and Productivity: Toward Quality Job Creation Randall Eberts W.E. Upjohn Institute for...
W.E. Upjohn Institute 1
Human Capital and Productivity: Toward Quality Job Creation
Randall EbertsW.E. Upjohn Institute for
Employment Research, USA
International Economic Forum of the Americas Conference of Montréal
11 June 2014
W.E. Upjohn Institute 2
National Talent Shortage in US?
200620072008200920102011201220130
10
20
30
40
50
60
0
2
4
6
8
10
12%
repo
rting
diffi
culty
re
crui
ting
Une
mpl
oym
ent r
ate
Economists debate whether there is a skills mismatch or talent shortage in U.S. , as employers complain they have difficulty hiring qualified workers.
Other factors may be in play. For instance, the 2012 Manpower Report stated: “The pay issue is most pronounced in U.S. where over half of employers indicate that inadequate compensation makes it difficult to land candidates. This suggests employers may need to consider paying more to attract the talent they need.”
Source: Manpower Talent Shortage Survey, 2013
Unemployment rate
W.E. Upjohn Institute 3
National talent shortage in Canada?
2006 2007 2008 2009 2010 2011 2012 20130
10
20
30
40
50
60
70
0
1
2
3
4
5
6
7
8
9
% re
porti
ng d
ifficu
lty re
crui
ting
Une
mpl
oym
ent r
ate
Source: Manpower Talent Shortage Survey, 2013
Unemployment rate
W.E. Upjohn Institute 4
Canada and US employers report difficulty filling similar jobs: Top ten list
Canada1. Skilled trades workers2. Engineers3. Management/Execs4. Sales representatives5. Technicians6. Drivers7. Accounting and finance8. IT staff9. Teachers10. Laborers
US1. Skilled trades workers2. Sales Reps3. Drivers4. IT staff5. Accounting and finance6. Engineers7. Technicians8. Management/Execs9. Mechanics10. Teachers
Source: 2013 Talent Shortage Survey Research Results, Manpower
W.E. Upjohn Institute 5
Education Gap: Disconnect between Educators and Businesses
• Differences in perception of job readiness– 49% of employers believe new graduates are adequately
prepared for entry-level jobs– 89% of educators think they are prepared
• Lack of communication– One-third of employers say they never connect with
educators– More than a third of educators report they are unable to
estimate the job-placement rates of their graduates– Fewer than half of youth said they understood the job
prospects of the discipline they studied in schoolMcKinsey Center for Government: “Education to Employment, Designing a System that Works, ” 2012.
W.E. Upjohn Institute 6
Larger the skills gap, the lower the job creation
Consequences of Education Gap
Each dot is a US metro area; data provided by Rothwell, 2012
W.E. Upjohn Institute 7
Larger the education gap, the higher the unemployment rate
Consequences of Education Shortage
Each dot is a US metro area; data provided by Rothwell, 2012
Tzitzi Morán Carreño
Maybe rephrase this in terms of the higher the insertion in poor quality jobs, because Mexico does not have an unemployment problem but a serious informality and precarious employment problem.
W.E. Upjohn Institute 8
U.S. Workforce Development System:Bringing Together Employers and Training Providers
• Workforce Investment Boards– Catalysts for local collaboration between educators and
businesses – Businesses work with training providers to develop training
curriculum – Eligible Training Provider List
• Regional Partnerships– WIRED– Michigan Regional Skill Alliance
• Industrial sector consortia• Community Colleges
