Education and training are often seen as good ways to help people who are looking for jobs, but the reality is a bit more complicated.
Skill Mismatch: Technology changes quickly. Because of this, the skills that workers have can become outdated. This can leave them unable to take new jobs that are available. While it’s important for workers to keep learning, many find it hard to get into helpful training programs.
Cost Barriers: Going back to school can be expensive. This often stops people, especially those with less money, from getting more qualifications. As a result, they may stay unemployed longer than they would like.
Geographic Disparities: Job openings might be in certain areas, but schools and training centers are not always located nearby. This makes it tough for people who are out of work to move or travel to where the jobs are.
To tackle these challenges, leaders need to focus on:
By doing this, we can reduce some of the problems that come with frictional unemployment.
Education and training are often seen as good ways to help people who are looking for jobs, but the reality is a bit more complicated.
Skill Mismatch: Technology changes quickly. Because of this, the skills that workers have can become outdated. This can leave them unable to take new jobs that are available. While it’s important for workers to keep learning, many find it hard to get into helpful training programs.
Cost Barriers: Going back to school can be expensive. This often stops people, especially those with less money, from getting more qualifications. As a result, they may stay unemployed longer than they would like.
Geographic Disparities: Job openings might be in certain areas, but schools and training centers are not always located nearby. This makes it tough for people who are out of work to move or travel to where the jobs are.
To tackle these challenges, leaders need to focus on:
By doing this, we can reduce some of the problems that come with frictional unemployment.