Ryan Craig has been talking about closing the skills gap longer than most people. It’s been his passion, and his company’s mission. And when Craig talks about the future of work, it is worth listening to what he has to say.
“The reason the skills gap is as big as it’s ever been, and it doesn’t seem to be shrinking, is there are two underlying frictions in the labor market,” he tells me in this episode of Work in Progress.
Craig, the co-founder and managing director of University Ventures, says those two frictions are on the education and on the employer sides.
“Why doesn’t everyone just go out and get upskilled tomorrow? Well, it’s the time to upskill, the cost of upskilling, and the uncertainty of an employment outcome. We call that education friction on the individual side,” according to Craig.
There is an equal and opposite friction on the employer side, he says. It’s the reduced propensity of employers to hire candidates for jobs they they haven’t done before.
So, why is this happening with employers and what do we do to create a frictionless pathway to closing the skills gap?
Tune in to this episode of Work in Progress for Craig’s thoughts on solving this problem.
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Episode 120: Ryan Craig, Co-Founder and Managing Director, University Ventures
Host: Ramona Schindelheim, Editor-in-Chief, WorkingNation
Producer: Larry Buhl
Executive Producers: Joan Lynch, Melissa Panzer, and Ramona Schindelheim
Engineer: Daniel Tureck
Music: Composed by Lee Rosevere and licensed under CC by 4.0.