skills gap

Cisco's Big Bet on a Big Idea

by Tae Yoo, Senior Vice President Corporate Affairs

This blog originally appeared on The Huffington Post

Two years ago, I stood on stage in Gettysburg, Pennsylvania, with a quote on the screen behind me. It read, “All it takes is one big idea to change the world.”

Generation in India

90 million young people are out of work in India and 200 million are underemployed.

Here’s what we’re doing about it:

Generation pinpoints high-growth sectors, then works with employers to develop a focused curriculum that delivers the professional and personal skills that young people need to build successful careers in those sectors. In India, our initial focus is on healthcare — a sector that exhibits incredibly high demand for trained individuals.

June 2016 Updates

Skilling India: As Unemployment Soars; Here’s a Solution

Programmes must go beyond training; they have to work on every link of the employment chain

Village Capital Launches Venture Development Program to Bridge the Skills Gap Between Education and Employment

13 startups from 8 states selected to participate; two ventures will secure US $150,000 total in funding through peer review

Washington, DC – Today Village Capital in collaboration with AT&T, as part of AT&T Aspire, announced the full cohort of entrepreneurs participating in Village Capital’s “Education: US 2016,” a venture development program to support early-stage entrepreneurs bridging the skills gap between education and employment. The full cohort is listed below.

Cisco Launches $10 Million Global Cybersecurity Scholarship to Increase Talent Pool; Introduces New and Updated Certifications

Company Bolsters Ongoing Efforts to Equip IT Security Industry with Needed Technical Talent to Keep Organizations Secure and Productive in the Digital Age
Press Release

SAN JOSE, Calif., June 15, 2016 /3BL Media/ – Cybersecurity provides the critical foundation organizations require to protect themselves, enable trust, move faster, add greater value and grow. However, research indicates there will be a global shortage of two million cybersecurity professionals by 2019. To help close this security skills gap, Cisco is introducing a $10 million Global Cybersecurity Scholarship program and enhancements to its security certification portfolio.

Wanted: A Generation of Global Problem Solvers

by Tae Yoo, Senior Vice-President, Corporate Affairs, Cisco

One of the key challenges under discussion at this year's World Economic Forum in Davos is “employment, skills and human capital”, with a focus on how to create 470 million new jobs by 2030 as technology is expected to fundamentally disrupt the nature of work itself.

Developing a New Generation of Global Problem Solvers

The challenges confronting our world are complex and can’t be solved by a single government, industry or organization. But these problems aren’t insurmountable — if we connect the social mindset of young workers to the power of technology.

We now live in the age of digitization. Connected technologies can monitor everything from our bodies and cars to factories and businesses. Unprecedented amounts of data are being collected and analyzed to solve real-world problems as personal as asthma attacks and as complicated as car accidents, pipeline ruptures and supply chain breakdowns. This is happening today. And it’s only the beginning.

Mind the Gap: Companies Partner to Build Skilled Labor

IBM and JPMorgan Chase Employees Help Develop Next Generation Workforce

Within five years, The McKinsey Global Institute predicts a global deficit of over 85 million high- and medium-skilled workers and a global surplus of nearly 100 million unskilled workers. In the United States, about two-thirds of companies already find themselves unable to fill positions due to a lack of qualified applicants—the resulting reduction in economic output costs the U.S.

Training and Educating Latin America’s Future Workforce

by Greg Prynn

More than 56 million people in Latin America rose above the poverty line between 2002 and 2011. Thanks to a thriving job market and rising wages, the middle class in the region grew by 82 million people in that time span, as more people discovered new economic opportunities in an increasingly connected world.

Growing in Africa

To thrive in Africa, companies must widen the talent pipeline.

Kristin M. Lord | IREX

Global companies are grappling with a paradox. On the one hand, they struggle to hire people with the right mix of education and skills.

On the other hand, they work in societies with persistently high levels of unemployment, particularly among young people.

A major explanation of this seeming paradox is the “skills gap:” the difference between the education and skills employers need and the education and skills workers possess.


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