The U.S. educational system and job market have a chicken-and-egg relationship: Do changes in the needs of the labor market determine the abilities that schools teach? Or, do the ways students are educated force employers to adjust to the types of employees open to them?
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The truth is that the answer contains a small amount of both. That is why it’s critical that employers know how educational trends will affect whom and how they hire later on.
Listed below are three ways where education has been transformed, and what those changes mean for employers and the jobs into the future:
1. An elevated concentrate on STEM education
Currently, an extremely common refrain is that we now have not enough students in the us choosing STEM (science, technology, engineering and mathematics) careers. In 2014, Change the Equation and Business Roundtable surveyed a lot more than 120 CEOs about the STEM skills gap in america.
Of the responding CEOs, 97 percent said their company was facing some kind of problem the effect of a skills shortage.
To greatly help address this issue, the President’s National Science and Technology Committee, in 2013, presented its five-year intend to improve STEM education over the nation. The program was one of a variety of pro-STEM initiatives targeted at promoting interest in these industries among students of most ages and creating employees for tomorrow’s workforce.
What this signifies for employers: If all goes well, employers can get more employees with those high-level STEM skills they have to stay competitive. That is obviously a positive trend for employers, but don’t expect the short way to obtain candidates with needed STEM skills to be rectified overnight.
Another thing to consider is that, in a 2015 Gallup survey greater than 13,000 adult employees, 60 percent of employees surveyed said that the chance to work with their core competency — or do what they do best — was a crucial factor influencing their decision to have a new job.
If employers want to attract and keep top talent, they have to make sure that these jobs enable employees to use and grow their skills. With better STEM employees in the offing, companies should work to continually challenge and support their finest employees; otherwise that talent won’t hang in there for long.
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2. Easier usage of quality education and information
Because of the explosion of massive open online courses, or MOOCs, business apps and (if we’re being honest) Wikipedia entries recently, everyone has better usage of information that will make sure they are more successful at work. With an increase of top universities offering free online courses, the caliber of online education is improving and rendering it easier for anyone to understand marketable skills.
In addition, a few innovative companies are leveraging the most recent smartphone-app technology to greatly help employees of most educational backgrounds make smarter choices about their career paths. For instance, my very own career exploration startup, PathSource, recently partnered with GED Testing Service to provide GED credential holders the resources they have to concentrate on achieving their career goals.
With usage of more — and top quality — education via technology, the near future workforce can be more proficient in and better prepared for the career possibilities to them.
What this signifies for employers: Employers will be well served by rethinking the worthiness of unconventional education. Talent pools can increase significantly if recruiters and employers try to get in touch with candidates who haven’t been down the traditional four-year degree job path.
Training new and current employees may also be easier than ever before. By making their workforce alert to the free online education possibilities, interested employers can continue steadily to develop their employees’ skills sets without seeing those workers undertake the temporal and financial stress of heading back to school.
3. More university students are taking part in internships.
In a survey, by the National Association of Colleges and Employers (NACE), targeting almost 40,000 college graduates from the Class of 2015, 65 percent of these grads reported taking part in an internship/co-op position while in school. This is the best percentage recorded because the survey began in 2007.
The trend is unsurprising, though, given the preferential hiring treatment employers share with graduates with internship experience. In a 2015 Association of American Colleges & Universities survey of 400 employers, 94 percent of respondents said they’d become more likely to look at a graduate for employment if indeed they had participated within an internship.
What this signifies for employers : If employers prefer employees with internship experience, companies will reap the benefits of offering more quality internships. The better a company’s internship program is, the more competitive it’ll be in attracting talented students — and the more valuable it’ll be in giving hiring managers an initial look at potential future hires.
By creating effective internship programs, employers can provide students worthwhile training and create a relationship that could transition to full-time employment after graduation. In this manner, employers can develop a trusted and loyal talent pipeline.
The upshot here’s that, just as the work market is always changing, so may be the education system. And discover and develop employees for future jobs, employers have to adjust to the rapidly changing role that education is playing in transforming America’s workforce.
How many other educational reforms will affect how and who employers hire for the jobs into the future?
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