Stay informed and ready to meet both everyday challenges and long-term planning and policy-making goals, with focused news, practical information, and strategic insights on all HR-related developments.
Nov. 19 — Unfilled “middle-skills” jobs—those that generally require more education or training than a high school diploma but less than a four-year college degree—threaten a company’s ability to grow and compete globally, according to a report released Nov. 12.
‘‘Bridge the Gap: Rebuilding America’s Middle Skills,’’ published by global management consulting firm Accenture, Boston-based labor analytics firm Burning Glass Technologies and Harvard Business School, surveyed more than 800 human resources executives across 18 industries.
According to the survey, almost half of all job postings today (47 percent) are for middle-skills jobs.
“The majority of businesses have trouble filling middle-skills jobs due to many underlying issues such as inadequate training and lack of experience,” David Smith, senior managing director of strategy, talent and organization at Accenture, said in a Nov. 12 press release. “Businesses must develop a better process to source, develop, deploy and retain middle-skills talent to ensure their long-term productivity and corporate performance.”
The survey found that 56 percent of HR execs found middle-skills jobs hard to fill. Companies in finance and insurance (68 percent), information and telecommunications (55 percent), and health-care (54 percent) experience the greatest challenges, the report said.
Over two-thirds (69 percent) of surveyed HR execs said their inability to attract and retain middle-skills talent frequently affected their company’s performance. About one-third (34 percent) believed that inadequate availability of middle-skills workers had undermined their productivity, with manufacturing (47 percent) and health care (35 percent) the hardest hit, according to the report.
The report includes the following recommendations:
• Business leaders must champion an employer-led skills-development system sourcing middle-skills talent. This includes workforce planning to identify skills gaps, building relationships with community and technical colleges, and internal training and internship/apprenticeship programs.
• Educators from community and technical colleges need to embrace their roles as employment partners by being attentive to developments in the jobs market and employer needs.
• Policy-makers should actively foster collaboration between employers and educators, investing in improving publicly available information on the jobs market, revising metrics for educators, and workforce development programs that highlight the role that middle-skills jobs play in a competitive U.S. economy.
To contact the reporter on this story: Caryn Freeman in Washington at firstname.lastname@example.org
To contact the editor responsible for this story: Simon Nadel at email@example.com
The report is available at http://www.hbs.edu/competitiveness/Documents/bridge-the-gap.pdf.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)