The skills gap is widening, found a global survey by Wiley Education Services and Future Workplace. It also found that the number of recruiters who would prefer to invest in AI (artificial intelligence) rather than upskilling their employees had increased to 40% this year from 29% last year.
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The report, titled ‘Closing the Skills Gap 2019’, surveyed 600 HR leaders and found that 64% employers thought there’s a skill gap in their firm, up from 52%. The top reasons for the skill gap were found to be the pace of change due to technology, a lack of skilled talent that can move into the required positions, and a lack of candidates who are qualified.
Around 90% of employers said they would hire a person without a 4-year college degree, although 68% said that a college degree was used to validate to hard skills.
Source: Economic Times
