Infographic : Skills Gap - A Rising Threat to Industries & Economies

SKILLS GAP A RISING THREAT TO INDUSTRIES & ECONOMIES The American Society for Training & Development says, a significant gap between an organization's current capabilities and the skills it needs to achieve its goals - is the skills gap. SKILLS GAP: GLOBAL CEOS’ OUTLOOK of CEOS think the non-availability of skills is a serious concern. 81% give priority to a much wider range of skills. 73% actively look for talent in various geographies, demographic sections or industries. believe that building an adaptable and skilled workforce should be a key priority for government. 71% 60% CEOS are worried about getting the skills they need - across geographies and industries 78% 78% US Asean 76% Middle East 83% Technology 73% Global 75% Business Service 82% Healthcare 70% India 73% Global • 74% Industrial Manufacturing Percentage of CEOS responding to the skills gap issue by geography Percentage of CEOS responding to the skills gap issue by industry SKILLS GAP: A GLOBAL CONSTRAINT TO JOB FILLING Employers had difficulties 38% 36% in filling jobs 2015 2014 A sharp 2% increase Year Over Year Top 10 most difficult jobs to fill SALES ENGINEERS TECHNICIANS IT PROFESSIONALS MANAGEMENT/ EXECUTIVES REPRESENTATIVES (Mainly civil, mechanical and electrical engineers) PRODUCTION / MACHINE SKILLED TRADE ACCOUNTING OFFICE DRIVERS & FINANCE STAFF (Mainly book keepero, SUPPORT STAFF (Mainly programmers, IT leaders and WORKERS (Mainly chefo/bakere /butchers, mechanice and electriciane) (Mainly heavy equipment / construction drivere, delivery/ courier drivere, & truck/lorry/ heavy goods drivere) OPERATIONS certifed accounte managere and database administratore) and financial analyeta) Reasons for difficulties Think there is shortage of available applicants ТОР 4 35% Believe there is shortage reasons for difficulties of technical or hard skills 34% 22% in filling jobs Say there is lack of proper experience 17% Believe there is shortage of soft skills (Workplace competencies) Percentage of Global Hiring Managers POTENTIAL SKILLS SHORTAGE IN 2020-30 Prediction 45 360 million million million potential shortfall of college- educated workers. extra older individuals who potential shortfall of secondary education- qualified workers, having the ability to work in labor-intensive will not be considered as the part of global labor force by manufacturing and services in all the developing economies. 2030. IMPACTS OF SKILLS GAP ON ORGANIZATIONS According to 2015 Global Knowledge and Windows IT Pro survey on IT professionals 82% Think it leads to an increase in employee stress levels 61% Believe it creates difficulty in meeting all quality objectives 61% Say it causes a delay in hardware and software deployments 56% Think causes a delay in new product or service development Percentage of IT Professionals Impacts of skills gap HOW TO BRIDGE THE SKILLS GAP: A SILVER LINING OF OPTIMISM PROFESSIONAL TRAINING & DEVELOPMENT PROGRAMS GAINED POPULARITY IN Adopt an agile mindset and go the extra mile for exploring various talent sources |2015 Key Training Aгeas Count* % 935 Leadership 66% Create unique value proposition and promote it to attract and retain talent Management & Supervisory Skills 760 54% Business 698 50% Analysis Business 620 44% Intelligence Devise new people practices. More specifically, redefine all qualification criteria Predictive Analytics & Data Mining 524 37% Business 496 35% Enhancement Skills Customer 448 32% Service Conduct various training programs using several methods, comprising informal training, book-based as well as online training, and certifications Customer Relationship Management (CRM) 427 30% IT 410 29% Management Human Resource 167 12% Management * The number of participants in survey Sources • PwC's 18th Annual Global CEO Survey: People strategy for the digital age: A new take on talent • The Haye Global Skills Index Report 2015 • ManpowerGroup'e annual eurvey in 2015 • The McKinsey Global Inetitute June 2012 report. The world at work: Jobe, pay, and skille for 3.5 bilion people • Global Employment Trende For Youth 2015 by ILO • Child Trends Databank: High School Dropout Rates • 2015 IT Skille and Salary Report A Comprehensive Survey from Global Knowledge and Windowe IT Pro http://www.tcghamilton.com/ E TCG HAMILTON 40