Closing the Skills Gap

Despite high unemployment, particularly among young people, employers worldwide are struggling to find workers with the right skills to fill entry-level positions. Given huge opportunity costs, the imperative for businesses, educators, governments, and young people to take action to close the skills gap could not be more compelling.

WASHINGTON, DC – In an age of skyrocketing unemployment, it may seem reasonable to assume that companies do not have to worry about finding workers. But a recent McKinsey survey of more than 2,800 employers worldwide has underscored just how flawed that perception is. Four out of ten employers said that they cannot find workers to fill entry-level positions in their firms, with more than one-third of respondents saying that their businesses are suffering from a lack of appropriate skills in the labor market.