EMSI has developed a new index to help regions better understand employment skills gaps. This methodology is an attempt to provide a straightforward but comprehensive technique for sensing shortages of workers so that regional planners can respond where needed.
According to The Economist, “The mismatch between the skills demanded by employers and those available in the market is a reflection both of bad choices by students, who have not thought hard enough about what will help them find a good job, and of education systems that are too often indifferent to the needs of the labour market and too slow to change even if they try.”
In our latest webinar, Brian Points discussed the importance of analyzing educational supply gaps in light of the skills mismatch in the US and the key elements that EMSI uses to measure current postsecondary education talent supply and regional occupational demand.
This post outlines the skills mismatch issue in the US, and runs through a series of best practice steps that EMSI clients have used to execute new strategies, invest in innovative practices, and adjust to rapidly changing economic environments.