Report summary
The 2024 Workforce Report: Fixing America’s Broken Talent Pipeline highlights critical challenges and opportunities within the U.S. labor market as the nation faces a widening talent gap.
Employers across key industries like construction, healthcare, manufacturing, and finance are struggling to fill roles, and traditional hiring practices are insufficient. Through a survey of 500 employers, YouScience® explored employers’ perceptions of hiring needs, workforce readiness, and effective talent acquisition strategies, shedding light on necessary steps to build sustainable talent pipelines for the future.
Highlights from this report:
- The biggest concern employers have regarding the future of their workforce
- How educational institutions can better prepare students for the workforce
- Whether employers prefer on-the-job experience or academic credentials
- How early student engagement and practical experiences can solve the talent shortage
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How prepared is entry-level talent?
Employers across industries are struggling to recruit qualified candidates
An overwhelming 86% of employers reported that entry-level talent requires extra training to be successful.
Employers want education partners
Industry calls for stronger school ties and skills-based hiring
Nearly all employers surveyed (90%) stated that stronger partnerships with K-12 schools and postsecondary institutions would improve their long-term talent pipelines.