Rebuilding The First Rung Of The Opportunity Ladder — from forbes.com by Bruno V. Manno
Two-thirds of employers say most new hires are not fully prepared for their roles, citing “experience,” not technical skill, as the greatest shortfall. At the same time, 61% of companies have raised their experience requirements.
As a result, many so-called entry-level roles now demand two to five years of prior work experience. The first rung of the career ladder has been pulled even farther out of reach for new job seekers. A portfolio—or full-spectrum—model of work-based learning is one promising way to rebuild that rung.
Experience has become what Deloitte calls “the new currency of employability.” But the places where young people once earned that currency are disappearing.