Study: Companies, universities must collaborate on skills gap

Companies should get more involved with university courses to close a skills gap and ease graduates’ path to employment, according to a report on Wednesday, Reuters reports. Fewer than half of young people and employers believed that new graduates were well prepared for work, the study of data in a diverse group of countries found, a problem that may contribute to soaring levels of youth unemployment. Higher education institutions, however, believed that nearly three-quarters of their leavers were ready for the workplace.

“Employers, education providers, and youth live in parallel universes,” the McKinsey report found.

“They have fundamentally different understandings of the same situation.”

The consultancy analyzed education-to-employment initiatives from 25 countries and surveyed youth, education providers and employers in Brazil, Germany, India, Mexico, Morocco, Saudi Arabia, Turkey, Britain and the United States…

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