There’s a growing reality in today’s job market: many graduates feel unprepared for employment, while employers struggle to find qualified candidates. This skills gap impacts everyone—students, schools, and companies.
Recent research reveals that many graduates believe they received better job training from their employers than from their college education. In fact, 87% of graduates have expressed this concern. Meanwhile, 96% of HR leaders argue that colleges must step up and take more responsibility for preparing students for the workforce.
In a survey of 1,600 HR professionals and graduates by Workforce Intelligence for the Hult International Business School, a clear picture emerged of what skills are lacking and what is needed.
Here are five critical skills that graduates need and employers demand:
- Real-World Experience: A staggering 75% of employers feel that colleges are not equipping students with the practical experience they need. Graduates want to solve real problems, but only 40% feel they receive that type of education.
- Global Mindset: Employers want graduates to have a global perspective. Sadly, only 39% of graduates believe they are getting this training. Exposure to diverse student bodies and international opportunities can enhance this understanding.
- Teamwork and Interpersonal Skills: Most employers—91%—value graduates who can effectively collaborate. However, just 47% of graduates report receiving this training. Skills like communication, curiosity, and creativity are crucial for success in the workplace.
- Tech Savviness, Including AI: The future of work relies on technology. A remarkable 97% of employers require new hires to understand tech tools, including AI. Yet, only 20% of graduates feel equipped with this knowledge. The benefits of AI training are clear: it can lead to job stability and higher salaries.
- Career Guidance: Many graduates—94%—regret their degree choice. A lack of clear direction in selecting majors can lead to feelings of failure. Guidance from career counselors is essential for better decision-making.
To bridge this skills gap, education must adapt. Surveys suggest schools provide personalized learning experiences and opportunities for hands-on training. Moreover, access to mentorships and real-world projects can empower students to develop the skills they need.
While the challenges are significant, there is hope. With intentional effort, schools can better prepare students for the realities of the job market. This approach not only benefits graduates but also meets the demands of employers seeking skilled talent.