Most of the new hires are not well prepared to perform at a high level in a professional environment, primarily because of insufficient skills, cites a study conducted by Bloom-berg and Workday. The absence of aligned collaboration between academia and business are impeding efforts to effectively prepare students for employment and to reskill existing workers. Findings include:
>> Opportunity for Greater Collaboration: Only 30 percent of corporations and 39 percent of educators say they are collaborating to help reskill and retrain employees.
>> Plans to Invest in Reskilling: Roughly four in 10 corporate respondents plan to invest in reskilling current employees.
>> Adapting to New Technology: More than 50 percent of corporate respondents plan to evolve job responsibilities to reflect future needs and improve their recruitment of diverse talent to address the impact new technology has on their workforce.
>> Budget Constraints a Challenge: Approximately half of corporate respondents anticipate facing budget resource constraints when deploying a plan to address the impact of emerging technologies on the workforce; 84 percent of academic respondents say budget limitations will be their biggest anticipated challenge in deploying plans to better prepare students for the future workforce.
“[It] is the time to rethink how to put reskilling our people at the center of corporate talent strategies…while building stronger bridges to the academic world so we can establish a clear path forward,” concluded Leighanne Levensaler, senior vice president of corporate strategy, Workday.
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