The report states that although global
leaders are aware of the painful consequences for the social and economic
conditions of youths believing their futures are compromised, the leaders
struggle not only to develop effective responses, but also to define what they
need to know. While it is shown that employers need to work with education
providers so students can learn the skills they need to succeed in the
workplace, there is little clarity on which practices and interventions work,
and which can be scaled up successfully. To that end, the report focuses
on skill development, giving special attention to the mechanisms that connect
education to employment.
In addition to the two crises, the report
addresses a lack of data about which skills are required for employment, what
practices are the most promising in training youths, and how to identify the
programs with the best results. In response, the authors developed two unique
fact bases: an analysis of more than 100 education-to-employment
initiatives in 25 countries (selected on the basis of their innovation and
effectiveness), and a survey of 8,000 youths, education providers, and
employers in nine countries—Brazil, Germany, India, Mexico, Morocco, Saudi
Arabia, Turkey, the United Kingdom, and the United States. The result is the
development of a global perspective on what characterizes successful
skills-training systems.
Six report findings emerged from the report
(See pp. 18–21):
- Employers,
education providers, and youth live in parallel universes;
- The
education-to-employment journey is fraught with obstacles;
- The
education-to-employment system fails for most employers and young people;
- Innovative
and effective programs around the world have important elements in common;
- Creating
a successful education-to-employment system requires new incentives and
structures; and
- Education-to-employment solutions need to scale up.
This first-of-its-kind report for McKinsey is intended to begin to fill the
knowledge gap, provide a useful road map of the education-to-work system for
the future, and serve as a structured call to action to improve the
understanding of employers, education providers, governments, and young people
about what is needed in the area of skill development.
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