Examining the Skills Gap: Key Issues and Why Employers Need to Act Now
Develop Your Workforce
Failure to close the skills gap and adapt the supply of skills to meet the needs of the new technological era could cost the US economy as much as $975 billion over the next 10 years, and G20 countries up to $11.5 trillion in GDP growth in the same time frame.1
The growing skills gap is a challenge that directly impacts everyone— individuals in the workforce, prospective and current employers, and academic/training partners. Based on these projections, failure to find a resolution to the skills challenge will result in sweeping repercussions for our global economy and presents a threat to business sustainability around the world.
