How to Close the Workforce Skills Gap [Infographic]

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According to PwC, as many as 58% of CEOs around the world fear that the global skills gap is likely to hinder their businesses ability to grow in the future.

The reason the world is undergoing such a skills gap is largely down to the aging population, with an estimated 10,000 baby boomers turning 65 every day until 2030, meaning more employees retiring from businesses around the world, and taking their valuable skills and knowledge with them.

These skills simply aren’t being replaced quickly enough, with the university graduates of today heading down different career route to those that their parents and grandparents did, with entirely new industries forming all the time.

This means that today’s businesses are facing the unique challenge of how exactly to fill this skills gap.

The guys at White Cross Rubber Products in Lancaster have put together this great infographic looking at exactly what the skills gap is, why it exists, and how businesses can close it.

As you can see, the Government is doing its bit to address the skills gap, encouraging youngsters to pursue STEM subjects and to take up apprentices, but businesses need to do their bit as well, by offering attractive salaries and other incentives.

You can see the full infographic for more information below.