You know about the supposed shortage of skilled workers that employers grouse about. You know about the shortage of jobs that many laid-off workers are quick to mention. And in a new report, McKinsey sheds light on what it calls another critical shortage: a dearth of hard data on the skills gap and successful education-to-employment programs.
The report, “Education to Employment: Designing a System that Works,” focuses on the conundrum of high levels of youth unemployment worldwide and a shortage of jobseekers with critical skills.
McKinsey’s report presents case studies of education-to-employment programs that work, and in the third chapter, details the key facets that a successful system should include. One element tied to success is collecting and disseminating good data, particularly information on “career options and training pathways.” On this point, McKinsey mentions CareerCoach, a tool from EMSI that helps colleges communicate with students and potential students about careers and the local labor market:
Collect, package, and push good information about career options and training pathways: Young people need to be able to make informed choices about their career and education. In some cases, this may simply be a matter of aggregating data that already exist but are scattered among different sites. In the United States, Economic Modeling Specialists International has developed a Web-based program, Career Coach, that aggregates data from 90 federal, state, and private data sources, including the Department of Labor, the Census Bureau, and Indeed.com (a job-listings site). This database can provide timely information on local employment (job seekers can set a search radius) such as current and projected job openings, estimated earnings, and specific educational programs that will prepare an individual for a given occupation. Education providers can purchase access for their students to this database on a subscription basis.
If you have questions or would like to learn more about Career Coach, please contact Rob Sentz (email@example.com). For a list of resources on Career Coach, see this page. We also encourage you to try Career Coach at several institutions that have already implemented it for their students: