The Fourth Industrial Revolution is interacting with other socio-economic and demographic factors to create a perfect storm of business model change in all industries, resulting in major disruptions to labor markets. New categories of jobs will emerge, partly or wholly displacing others. The skill sets required in both old and new occupations will change in most industries and transform how and where people work. It may also affect female and male workers differently and transform the dynamics of the industry gender gap. The Future of Jobs Report aims to unpack and provide specific information on the relative magnitude of these trends by industry and geography, and on the expected time horizon for their impact to be felt on job functions, employment levels and skills.
Bridging the Talent Gap through Data Insights and Community Action
In a newly posted chapter from Investing in America’s Workforce: Improving Outcomes for Workers and Employers, the authors explore results from a survey of over 1,600 businesses. Findings reveal a valuable relationship between employers who provide learning benefits and employees who take advantage of these programs. For small and midsized employers in particular, employer-provided education programs are influential in achieving employers’ organizational goals
In January, 2018, NJBIA released The Education Equation: Strategies for Retaining and Attracting New Jersey’s Future Workforce. The report is the first deliverable by NJBIA’s Postsecondary Education Task Force, whose mission is to develop strategies to prepare New Jersey’s future workforce, to build a dynamic brand for New Jersey higher education, and to build career readiness standards into all curriculum in K-16 education.
This report presents findings from research conducted by the Heldrich Center from September 2016 to July 2017 to determine if a “skills gap” existed in New Jersey. The Heldrich Center examined what factors might be causing hiring difficulties among New Jersey employers and what public policies and workforce strategies had been adopted and implemented to address employer hiring needs.
The New Jersey School Boards Association, under the leadership of President Daniel T. Sinclair, created the Task Force on Educational Opportunities for the Non-College Bound Learner. The project’s ultimate goal: Identify strategies to better equip career-focused students with the skills required in a job market that is rapidly changing due to advances in artificial intelligence, automation, robotics, and other factors.
America has experienced radical changes in employment. There is a disconnect between the skills that are being taught in schools, and the skills required in many entry-level positions. The NJSBA Task Force makes 69 recommendations to address this challenge.
December 2017 will mark the tenth anniversary of the last business-cycle peak in the United States as well as the tenth anniversary of the start of the Great 2007–2009 Recession (December 2007–June 2009).1 During this ten-year period, the longstanding economic and demographic foundations of New Jersey were fundamentally disrupted and transformed: 2017 New Jersey looks quite different from 2007 New Jersey. The state’s recovery from the Great Recession has been less than robust, and there is still a high degree of uncertainty about future economic prosperity.
Success in the New Economy
A compelling case for students to explore career choices early, make informed decisions when declaring their college education goal, and to consider technical skill acquisition, real-world application and academics (career technical programs) in tandem with a classic education. This balanced approach to life and learning results in a well-educated and employed workforce.
The United Way ALICE Project is a nationwide effort to quantify and describe the number of households that are struggling financially.