It is an accepted fact that Millennials are now taking over the workplace and are becoming the generation of majority in the workforce. This new generation of workers is more educated than all others before them. According to the October 2014 White House Council for Economic Advisors Report, 47 percent of Millennials graduated with Associate’s, Bachelor’s or graduate degrees. But has the education they’ve received granted them the skills to be efficient on the job? According to a study published by Deloitte, only 28 percent of Millennials feel that their organizations are taking full advantage of their skill set. When asked to estimate the contribution that the skills they acquired during their education made in achieving their company’s objectives, the average answer is 37 percent. This means that two-thirds of the skills used to accomplish tasks in their current organizations were acquired on the job or through training.
In an ever-changing business environment, it is difficult for traditional educational institutions to provide skills that will be applicable on the job. Techniques and technology are changing every day, and what is the norm one day will be obsolete the next. The result of this phenomenon is a growing focus on soft skills from higher education organizations. Flexibility and adaptability to the environment are now the keystones of many degrees. While this focus prepares Millennials for a changing environment, a gap is created between what they learned in class and the real-world tasks asked of them in the field.
It is up to the employer to bring the new recruits up to speed on the skills needed by their particular organization. With the predicted job gap left by retiring Baby Boomers, training will become a generalized practice for employers. The demand for custom training contracts for the workforce and individualized courses will increase as Boomers retire and Millennials fill their positions. Here is an opportunity for higher education institutions to provide a solution to close the skill gap created by traditional higher education. Furthermore, it will allow these organizations to reach a population that doesn’t possess a degree, but requires specialized skills. Here at The University of Alabama, we offer tailored training for organizations trying to close this skill gap and improve the productivity of their workforce. Visit our Bama At Work for more information about how Bama At Work can provide your workforce with the skills it needs.
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Article by Guillaume Slama, Internet Communication Specialist for Bama At Work, Professional Development & Conference Services, The University of Alabama.