Interpretation of the Skills Gap

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INTERPRETING THE
SKILLS GAP
Prepared for
Nicholls State University Students
Prepared by
Miguel Harris
Nicholls State University
Accounting and Finance Double Major
4/1/2018
CONTENTS
Introduction ......................................................................................................................................1
What is the Skills Gap? ....................................................................................................................2
Hard Skills ...........................................................................................................................2
Importance of Soft Skills .....................................................................................................2
Effects of the Skills Gap ..................................................................................................................2
How Does Skills Gap Affect Employers? ...........................................................................2
How Does Skills Gap Affect College Graduates? ...............................................................3
Skills Gap in the Economy ..............................................................................................................3
Unemployment .....................................................................................................................4
Economic Growth ................................................................................................................4
Closing the Skills Gap…………………………………………………………………………….4
Employers Bridging the Skills Gap .....................................................................................4
Graduates Bridging the Skills Gap .....................................................................................4
Conclusions and Recommendations ................................................................................................6
References ........................................................................................................................................7
LIST OF ILLUSTRATIONS
Figure 1 Reasoning for Unfilled Jobs.........................................................................3
Figure 2 Manufactures’ Survey Results .....................................................................4
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Interpreting the Skills Gap 1
Interpreting the Skills Gap
INTRODUCTION
Many college graduates feel prepared for the workforce but enter into their career with a skills
gap causing them not to meet the employer’s expectations.
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