The disconnect between the capabilities and the demands of the job market highlights a fundamental mismatch between the education system and our workforce. [...] As we continue to bridge the gap between education and employment, we are not just preparing students for jobs – we are empowering them to build successful, adaptable careers in an ever- changing market.” - Michael Hansen, CEO, Cengage Group Alongside the change and progress happening at the federal and state level to align education to workforce needs, education systems are also adapting. [...] Failure to do so risks creating eventual hiring and retention issues, as 72% of employers report their employees could benefit from training on how to work beside GenAI tools, and 64% note that many employees will need to reskill or upskill in the next three to five years due to the emergence of new technologies. [...] 7 | Cengage Group 2024 Graduate Employability Report CONCLUSION Preparing Graduates for the GenAI-Driven World The findings from the 2024 Graduate Employability Report Methodology represent an opportunity for education institutions and businesses to drive increased value for students and better align with the demands of the modern workplace. [...] The 2024 Graduate Employability Report serves as a call to action to seize this moment and shape a new era of education excellence aligned with the demands of the age of GenAI.
- Pages
- 9
- Published in
- United States of America
Table of Contents
- Bridging the Gap to 2
- Education Employment 2
- Aligning education to workforce demands 2
- Higher Education is 3
- Reviving Its Value 3
- New grad perception of education ROI 3
- Education value increased significantly for grads 3
- While satisfaction is high some regret remains 4
- Graduates top recommendations for job seekers in 2024 4
- Other ways education institutions are providing career services 5
- Curricula Shifts Focus to Employability 5
- Curricula shifts in the right direction but more skills- based education could build grad confidence 5
- Gaps in job-readiness 5
- GenAI 6
- A New Opportunity to Drive Value 6
- Educators are slowly but surely recognizing this opportunity with 48 of graduates reporting that their college or learning program offered courses to help them learn how to use GenAI applications. 6
- Grads unprepared to use GenAI 6
- Grads threatened by GenAI 6
- Without access and regular exposure to GenAI in the classroom grads risk being less competitive in the job market and falling behind as they enter the workforce. 7
- Three in four employers are using GenAI for 7
- Leaving 40 of graduates to use unauthorized GenAI applications to 7
- While 55 of collegeslearning programs discouraged GenAI use 7
- Methodology 8
- Preparing Graduates for the 8
- GenAI-Driven World 8
