more-arw search

Workforce Skills Gap Now a Leading Concern to US Employers

Debate over the state of the U.S. labor market is gradually shifting from job

Debate over the state of the U.S. labor market is gradually shifting from job creation to talent shortages. Skills training and employee development are seen as one of the leading challenges to

Debate over the state of the U.S. labor market is gradually shifting from job creation to talent shortages. Skills training and employee development are seen as one of the leading challenges to organizations over the next three years. The trend reflects the changing state of the U.S. economy, as employers are increasingly demanding highly skilled, knowledgeable candidates.

The 2012 Top Five Total Rewards Survey from research firm Deloitte shows one-quarter of all surveyed employers are concerned about the availability and development of talent, up from 16 percent last year.

"The survey exposes a widening gap between the dwindling supply of skilled workers in America and the growing demands of the modern workplace," said David Lusk, author of the report and principal at Deloitte Consulting. "A key challenge ahead for employers will be working to help close this skills gap to maintain a competitive edge in the global marketplace."

Healthcare is also a major concern to employers, especially as premiums rise and public health declines. A large majority of survey respondents - 70 percent - claim they are considering expanded wellness programs to help defray healthcare costs.