Widening Skills Gap Threatens Employers’ Ability to Compete

(From PRNewswire) -- Ironic as it may be, despite record-high unemployment and the perception of a surplus of talent, human resources (HR) professionals may be forced to choose from limited quantities of high-skilled workers, a new Deloitte study shows. Moreover, the widening skills gap may put the country's ability to compete globally in a vulnerable position. The 2012 Top Five Total Rewards Survey from Deloitte and the International Society of Certified Employee Benefit Specialists (ISCEBS) reveals talent as the most significant challenge to organizations over the next three years. One quarter of all survey respondents expressed concerns about talent, particularly the shortage, motivating and retaining talent -- a substantial increase over 16 percent last year. Talent shortage concerns are highest among insurance and professional services firms. "The survey exposes a widening gap between the dwindling supply of skilled workers in America and the growing demands of the modern workplace," said David Lusk, principal, Deloitte Consulting LLP and author of the report. "A key challenge ahead for employers will be working to help close this skills gap to maintain a competitive edge in the global marketplace." Read more.
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