Reskilling America can’t wait.
Over 100 million workers will need to reskill in the next decade to secure their spot in the economy of the future.1
But right now, 4 out of 5 workers report significant challenges in trying to develop their skills and advance their careers.2
If we want to create a future of work that works for everyone, we need to rebuild the pathways for career mobility.
It’s not just workers who will benefit; companies stand to gain, too.
In today’s high-pressure labor market, a lack of advancement opportunities was the number one reason employees left their jobs last year.3
When companies invest in their employees, it creates a virtuous cycle of growth.
Employees are incentivized to grow, which helps businesses grow, which helps our economy grow.
Over 100 million workers will need to reskill in the next decade to secure their spot in the economy of the future.1
But right now, 4 out of 5 workers report significant challenges in trying to develop their skills and advance their careers.2
If we want to create a future of work that works for everyone, we need to rebuild the pathways for career mobility.
It’s not just workers who will benefit; companies stand to gain, too.
In today’s high-pressure labor market, a lack of advancement opportunities was the number one reason employees left their jobs last year.3
When companies invest in their employees, it creates a virtuous cycle of growth.
Employees are incentivized to grow, which helps businesses grow, which helps our economy grow.
The point needs to be unlocking opportunity and providing social mobility, and to be an engine of social change.
By investing in targeted upskilling programs for in-demand roles and providing access to opportunities for higher learning, we can help ensure a future ready workforce.
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Footnotes
- What is the future of work? (n.d.). McKinsey & Company. https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-the-future-of-work
- [Report] Guild’s American Worker Survey Report | the New “Up or Out.” http://info.guildeducation.com/guilds-american-worker-survey-report
- The Great Attrition is making hiring harder. Are you searching the right talent pools? (n.d.). McKinsey & Company. https://www.mckinsey.com/capabilities/people-and-organizational-performance/our-insights/the-great-attrition-is-making-hiring-harder-are-you-searching-the-right-talent-pools