"Leveling Up: How to Win In the Skills Economy" Report Highlights Disconnect Between Recent Graduates and Employers on Current State of Workforce Preparedness
Seattle - May 17, 2016 - PayScale, Inc., the world's leading provider of on-demand compensation data and software, in partnership with Future Workplace, today announced "Leveling Up: How to Win In the Skills Economy," the 2016 Workforce-Skills Preparedness Report.
The report—which includes several animated 8-bit infographics in the style of early video games—details the disconnect between managers and recent graduates regarding their preparedness for employment after entering the workforce, and which skills managers are most likely to consider absent or deficient. It also details which skills are most likely to result in a larger salary, which skills are most likely to result in a promotion, which skills are least valuable (best to leave off your resume), and which skills are most common by geographic region of the United States.
"We hear all the time about the ‘skills gap,' the gap between the skills needed to succeed in the professional world and the skills with which young professionals leave college," said Katie Bardaro, VP of Data Analytics, PayScale. "The data we've collected show that even though their education may make recent college graduates feel prepared to enter the workforce, only half of hiring managers agree with them; managers feel crucial skills in recent graduates are frequently lacking or absent."
One unexpected finding was the specific skills that managers feel are most often lacking in new hires right out of college. Rather than specific software programs or other tech skills, the report indicates that 44 percent of managers feel writing proficiency is the hard skill lacking the most among recent college graduates, while public speaking follows with 39 percent of managers feeling this way. Furthermore, 60 percent of managers feel critical thinking/problem solving is the soft skill lacking the most among recent college graduates.
"Graduates need strong communication and problem-solving skills if they want to interview well and succeed in the workplace, because effective writing, speaking and critical thinking enables you to accomplish business goals and get ahead," said Dan Schawbel, New York Times best-selling author and Research Director at Future Workplace. "No working day will be complete without writing an email or tackling a new challenge, so the sooner you develop these skills, the more employable you will become."
The "Leveling Up: How to Win in the Skills Economy" Report highlights include:
Recent Grad Preparedness
Preparedness by Generation
Skills to Make More Money
Best Skills to Get a Promotion
Best Skills to Leave off Your Resume
For more information on the 2016 Workforce-Skills Preparedness Report: http://www.payscale.com/data-packages/job-skills
Cloud software, crowdsourced data and unique algorithms power the world's largest real-time database of rich salary profiles giving PayScale the unique ability to provide employees and employers alike with immediate visibility into the right pay for any position. PayScale's cloud compensation software is used by more than 4,000 customers including Bloomberg BNA, Cummins, Intercom, Clemson University and Signature HealthCARE.
For more information, please visit: www.payscale.com or follow PayScale on Twitter: http://twitter.com/payscale
About Future Workplace
Future Workplace is an executive development firm dedicated to rethinking and re-imagining the workplace. Future Workplace works with heads of talent management, human resources, corporate learning, and diversity to prepare for the changes impacting recruitment, employee development and engagement. Future Workplace is host to the 2020 Workplace Network, our Executive Council includes 50 plus heads of Corporate Learning, Talent & Human Resources who come together to discuss debate and share "next" practices impacting the workplace and workforce of the future.