A recent survey of human resources managers for large companies found that 42.4 percent of them rate the overall preparation of high school graduates as deficient.[i] Some of these deficiencies then limit higher education attainment especially for critical disciplines such as the Science, Technology, Engineering, and Mathematics fields. The Council on Competitiveness reports that the United States ranks 17th among developed nations in the proportion of college students receiving degrees in science or engineering, a fall from third place three decades ago. We rank 26th in the proportion receiving undergraduate degrees in mathematics. Europe produces three times as many engineering graduates every year as the United States, while China produces five times as many.
America’s schools and job training programs are not producing a sufficient number of people qualified to fill the jobs in highest demand now and in the years to come. Some experts predict that within a decade, 123 million high-skilled, high-paying jobs will exist, but just 50 million Americans will be qualified to take them.
In order to stay competitive, American businesses will have to play a bigger role in our educational system to modernized teaching, development, and training for a 21st century workforce environment. Depending on the nature of their industry, corporate leaders along with the human resources division will have to evaluate their human capital plan to include more robust talent development and acquisition objectives. Some of these objectives should include more strategic campus programs that include community and technical colleges. The plan should also include a more aggressive corporate leadership development programs that includes scholarships, internships, mentoring, and full-time placements to align with recruiting needs.
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