This report from the Institute of Student Employers reveals that while technical advancements are increasing the need for higher skilled workers, talent is becoming scarcer due to lower birth rates and longer lifespans.

The impact on the early career end of the labour market will be twofold: (1) as the definition of early career broadens, student recruitment and development teams will work with a much broader definition of talent that includes career changers and those re-skilling or up-skilling; and (2) early careers teams will work as part of a broader organisational ecosystem where greater integration through HR and the business will become the norm and strategic workforce planning, learning cultures, technology and data play a crucial role in how people strategies are deployed. The report sets out recommendations for implementing a skills-based approach and the role technology can play within it. It explores how the two forces of demographic and technological change are leading organisations to integrate a skills-based approach, focussing less on a person’s age, education exit point and prior technical experience.

 

Read the full report here.