Explaining The E2E Gap
Education does not readily translate into employment, hence there is a E2E gap, says McKinsey. It is a double whammy - we face an unemployment problem as well as a labour force problem - and causes all kinds of difficulties. On one hand, growing populations of young people, unable to find gainful employment, become disaffected. On the other, companies can not achieve optimum levels of production or service, and often operate sub par. This is a big problem, getting bigger, and this has resulted in some earnest discussion about all the elements of the E2E chain, flexible labour force strategies, more employment orientated education etc. While the Skills gap - education is not creating enough skilled workers - gets the maximum exposure, it is only a partial reason for the E2E gap. The reasons why E2E gap exists can be classified in three parts - Skills, Information and Mobility (how is SIM for an acronym?). Skills is a big problem, and educators endlessly debate why t...