SHRM/Achieve Survey Findings: Workforce Education Levels

SHRM/Achieve Survey Findings: Workforce Education Levels

SHRM Survey Findings: Changing Employee Skills and Education RequirementsEducation Levels of Todays Workforce In collaboration with and commissioned by Achieve October 3, 2012 Introduction This is the second part of a series of SHRM/Achieve survey findings titled Changing Employee Skills and Education Requirements. These results look at the education levels of todays workforce. The following nine industries were included in the sample. Overall results are reported first, followed by industry-specific results for the following industries: Construction, mining, oil and gas Federal government Finance Health High-tech Manufacturing Professional services State and local government Nonprofessional services SHRM/Achieve Survey: Changing Employee Skills and Education RequirementsEducation Levels of Todays Workforce SHRM 2012 2 Key Findings Are jobs being filled by people with more educational qualifications than are actually required by their positions? To some extent, yes. Overall, organizations across all industries report that most jobs are held by individuals with educational credentials closely matched to those required by the job. Slightly more individuals possess additional educational credentials than what is needed for jobs with no minimum education requirements, as well as for jobs requiring an advanced degree. What industries have the highest percentage of advanced degree holders? Professional services (20%), the federal government (16%), high-tech (15%) and health (13%) industries have the greatest percentage of employees who hold advanced degrees (e.g., masters, MBA, Ph.D., M.D., J.D.). Did most industries have job openings in 2011? Yes, almost all organizations96% overall said they had job openings in 2011. The top industries hiring were health (99%), finance (97%) and high-tech (97%). Were there industries that had jobs available in 2011 with no minimum education requirements? A few industries do still offer a few jobs with no minimum education requirements:

nonprofessional services (21%), construction, mining, oil and gas (19%), and manufacturing (12%). However, in all other industries, fewer than 10% of job openings in 2011 had no minimum educational requirements (see slide 15). How often are newly hired employees educational credentials actually higher than the minimum education listed in the job announcement? Across industries, more than one-half (53%) say this occurs at least some of the time for jobs that require a minimum of a high school SHRM/Achieve Changing Employee and Education RequirementsEducation of Todays diploma, and 30% say thisSurvey: happens most of theSkills time. Industries that are most likelyLevels to say that most Workforce or all of the time newly hired employees educational credentials are actually higher than the SHRM 2012 3 What percentage of your organizations positions that are currently filled require the following education credentials? What percentage of your organizations current full-time equivalent employees (FTEs) actually possess these educational credentials? All Industries No minimum education requirements Less than high school ... 8% 4% 35% High school diploma or equivalent ... Specific postsecondary certificate/credential(s) ... Associates de... 34% 8% Actually Possessed by Current FTEs (n = 3,707)

7% 9% 33% Bachelors de... Advanced degree (e.g., master's, MBA, Ph.D., M.D., J... Required in Currently Filled Positions (n = 4,174) 8% 34% 8% 11% Note: Percentages may not total 100% due to rounding. SHRM/Achieve Survey: Changing Employee Skills and Education RequirementsEducation Levels of Todays Workforce SHRM 2012 4 What percentage of your organizations positions that are currently filled require the following education credentials? What percentage of your organizations current full-time equivalent employees (FTEs) actually possess these educational credentials? Construction, Mining, Oil and Gas 20% No minimum education requirements Less than high school ... 10% 32% High school diploma or equivalent ... 38% Associates de... 9% Actually Possessed by Current FTEs (n = 386) 6% 8% 29% Bachelors de... Advanced degree (e.g., master's, MBA, Ph.D., M.D., J...

Required in Currently Filled Positions (n = 424) 9% Specific postsecondary certificate/credential(s) ... 29% 3% 5% Note: Percentages do not total 100% due to rounding. SHRM/Achieve Survey: Changing Employee Skills and Education RequirementsEducation Levels of Todays Workforce SHRM 2012 5 What percentage of your organizations positions that are currently filled require the following education credentials? What percentage of your organizations current full-time equivalent employees (FTEs) actually possess these educational credentials? Federal Government No minimum education requirements Less than high school ... 10% 2% 33% High school diploma or equivalent ... Specific postsecondary certificate/credential(s) ... Associates de... 31% Required in Currently Filled Positions (n = 257) 8% 8% Actually Possessed by Current FTEs (n = 220) 7% 10% 31% Bachelors de... Advanced degree (e.g., master's, MBA, Ph.D., M.D., J...

33% 11% 16% SHRM/Achieve Survey: Changing Employee Skills and Education RequirementsEducation Levels of Todays Workforce SHRM 2012 6 What percentage of your organizations positions that are currently filled require the following education credentials? What percentage of your organizations current full-time equivalent employees (FTEs) actually possess these educational credentials? Finance No minimum education requirements Less than high school ... 4% 1% 47% High school diploma or equivalent ... Specific postsecondary certificate/credential(s) ... Associates de... 41% 4% 5% Actually Possessed by Current FTEs (n = 392) 6% 9% 35% Bachelors de... Advanced degree (e.g., master's, MBA, Ph.D., M.D., J... Required in Currently Filled Positions (n = 461) 34% 5% 9% Note: Percentages do not total 100% due to rounding. SHRM/Achieve Survey: Changing Employee Skills and Education RequirementsEducation Levels of Todays Workforce SHRM 2012 7

What percentage of your organizations positions that are currently filled require the following education credentials? What percentage of your organizations current full-time equivalent employees (FTEs) actually possess these educational credentials? Health No minimum education requirements Less than high school ... 4% 3% 31% High school diploma or equivalent ... Specific postsecondary certificate/credential(s) ... Associates de... 31% 14% 13% Actually Possessed by Current FTEs (n = 457) 14% 14% 26% Bachelors de... Advanced degree (e.g., master's, MBA, Ph.D., M.D., J... Required in Currently Filled Positions (n = 513) 27% 11% 13% Note: Percentages do not total 100% due to rounding. SHRM/Achieve Survey: Changing Employee Skills and Education RequirementsEducation Levels of Todays Workforce SHRM 2012 8 What percentage of your organizations positions that are currently filled require the following education credentials? What percentage of your organizations current full-time equivalent employees (FTEs) actually possess these educational credentials? High-tech No minimum education requirements Less than high school ...

4% 1% 18% High school diploma or equivalent ... Specific postsecondary certificate/credential(s) ... Associates de... 15% Required in Currently Filled Positions (n = 397) 6% 5% Actually Possessed by Current FTEs (n = 351) 7% 8% 57% Bachelors de... Advanced degree (e.g., master's, MBA, Ph.D., M.D., J... 55% 9% 15% Note: Percentages do not total 100% due to rounding. SHRM/Achieve Survey: Changing Employee Skills and Education RequirementsEducation Levels of Todays Workforce SHRM 2012 9 What percentage of your organizations positions that are currently filled require the following education credentials? What percentage of your organizations current full-time equivalent employees (FTEs) actually possess these educational credentials? Manufacturing 14% No minimum education requirements Less than high school ... 9% 47% High school diploma or equivalent ... Specific postsecondary certificate/credential(s) ...

Associates de... 51% 6% 6% Actually Possessed by Current FTEs (n = 455) 6% 7% 24% Bachelors de... Advanced degree (e.g., master's, MBA, Ph.D., M.D., J... Required in Currently Filled Positions (n = 502) 22% 3% 5% SHRM/Achieve Survey: Changing Employee Skills and Education RequirementsEducation Levels of Todays Workforce SHRM 2012 10 What percentage of your organizations positions that are currently filled require the following education credentials? What percentage of your organizations current full-time equivalent employees (FTEs) actually possess these educational credentials? Nonprofessional Services 18% No minimum education requirements Less than high school ... 10% 44% High school diploma or equivalent ... Specific postsecondary certificate/credential(s) ... Associates de... 44% 7% 7% 5% 7% 24%

Bachelors de... Advanced degree (e.g., master's, MBA, Ph.D., M.D., J... Requireed in Currently Filled Positions (n = 319) Actually Possessed by Current FTE's (n = 272) 26% 3% 5% Note: Percentages do not total 100% due to rounding. SHRM/Achieve Survey: Changing Employee Skills and Education RequirementsEducation Levels of Todays Workforce SHRM 2012 11 What percentage of your organizations positions that are currently filled require the following education credentials? What percentage of your organizations current full-time equivalent employees (FTEs) actually possess these educational credentials? Professional Services No minimum education requirements Less than high school ... 3% 1% 22% High school diploma or equivalent ... Specific postsecondary certificate/credential(s) ... Associates de... 20% Required in Currently Filled Positions (n = 596) 7% 6% Actually Possessed by Current FTE's (n = 563) 6% 7% 47%

Bachelors de... Advanced degree (e.g., master's, MBA, Ph.D., M.D., J... 46% 15% 20% SHRM/Achieve Survey: Changing Employee Skills and Education RequirementsEducation Levels of Todays Workforce SHRM 2012 12 What percentage of your organizations positions that are currently filled require the following education credentials? What percentage of your organizations current full-time equivalent employees (FTEs) actually possess these educational credentials? State/Local Government No minimum education requirements Less than high school ... 5% 3% 43% High school diploma or equivalent ... Specific postsecondary certificate/credential(s) ... Associates de... 38% 10% 10% Actually Possessed by Current FTEs (n = 611) 8% 10% 27% Bachelors de... Advanced degree (e.g., master's, MBA, Ph.D., M.D., J... Required in Currently Filled Positions (n = 705) 29% 6% 9% Note: Percentages do not total 100% due to rounding.

SHRM/Achieve Survey: Changing Employee Skills and Education RequirementsEducation Levels of Todays Workforce SHRM 2012 13 Did your organization have any job openings in 2011? All industries (n = 3,... 96% Health (n = ... 99% Finance (n = ... 97% High-tech (n = ... 97% Manufacturing (n = ... 96% Construction, mining, oil and gas (n = ... 95% Nonprofessional services (n = ... 95% Professional services (n = ... 95% State/local government (n = ... 95% Federal government (n = ... 93% Note: Percentages represent respondents who answered yes. SHRM/Achieve Survey: Changing Employee Skills and Education RequirementsEducation Levels of Todays Workforce SHRM 2012 14 Of your organizations job openings in 2011, what percentage of the positions:

Had no minimum education requirements? Required a high school diploma or equivalent only? Required a specific postsecondary certificate/ credential(s) only? Required an associates degree? Required a bachelors degree? Required an advanced degree (e.g., masters, Ph.D., M.D., JD.)? All Industri es (n = 3,525) Constructi on, Mining, Oil and Gas (n = 360) Federal Governme nt (n = 205) Manufacturing (n = 435) Nonprofession al Services (n = 254) Professio nal Services (n = 525) State/

Local Governme nt (n = 575) Finance (n = 380) 8% 19% 7% 3% 12% 21% 3% 5% 36% 33% 33% 15% 47% 44% 21% 45% 8% 3% 15% 5% 4% 5% 6% 10% 6%

4% 13% 6% 5% 5% 6% 7% 31% 35% 34% 27% 65% 29% 22% 51% 29% 2% 13% 3% 10% 8% 2% 2% 13% 5% Health (n = 456) Hightech (n = 335)

3% 3% 30% 52% 10% 9% 6% 5% 36% 7% Note: Percentages may not total 100% due to rounding. Only respondents whose organizations had job openings in 2011 were asked this SHRM/Achieve Survey: Changing Employee Skills and Education RequirementsEducation Levels of Todays question. Workforce SHRM 2012 15 For current job openings that require a minimum of a high school diploma or equivalent, how often are the newly hired employees educational credentials actually higher than the minimum education listed in the job announcement? All industries (n = 3,432) 2% 12% 53% High-tech (n = 283) 1%5% 46% Professional services (n = 483) 2% 7% 17% Construction, mining, oil and gas (n = 362) 3% 17% Manufacturing (n = 439) 3% Never Rarely 14% Some of the time

2% 32% 53% 54% 61% 23% 4% 36% 54% Nonprofessional services (n = 252) 3% 5% 37% 54% State/local government (n = 596) 2% 10% 4% 41% 49% Finance (n = 369) 2% 7% 3% 44% 45% Federal government (n = 193)0% 9% Health (n = 455) 2% 30% 2% 26% 2% 23% 3% 21% 57%

Most of the time 14% 2% 2% Always Note: Percentages may not total 100% due to rounding. Respondents who answered Not sure or Not applicable were excluded from this analysis. Industries are sorted in descending order by the Most of the time response option. SHRM/Achieve Survey: Changing Employee Skills and Education RequirementsEducation Levels of Todays Workforce SHRM 2012 16 Of those newly hired employees who had higher than a high school diploma or equivalent, what percentage have had the following education credentials? All industries (n = 3,064) Finance (n = 324) High-tech (n = 251) Professional services (n = 454) Federal government (n = 176) State/local government (n = 524) 28% 15% 28% 39% 30% 17% 30% 20% 24% 22% Nonprofessional services (n = 222) 32% Health (n = 405) 33% Construction, mining, oil and gas (n = 318) 40%

Manufacturing (n = 390) 40% Advanced degree (e.g., master's, MBA, Ph.D., M.D., J.D.) 50% 5% 47% 6% 49% 27% 28% 5% 7% 41% 30% 10% 37% 29% 30% 26% 29% Bachelors degree 6% 36% 3% 32% 6% 31% 29% 3% 3% Associates degree Specific postsecondary certificate/credential(s) only Note: Percentages may not total 100% due to rounding. Industries are sorted in descending order by the Specific postsecondary certificate/

credential(s) only response option. SHRM/Achieve Survey: Changing Employee Skills and Education RequirementsEducation Levels of Todays Workforce 17 SHRM 2012 SHRM Survey Findings: Changing Employee Skills and Education Requirements In collaboration with and commissioned by Achieve Survey Methodology Response rate = 18% 4,695 HR professional respondents from a randomly selected sample of nine different industries in SHRMs membership Construction, mining, oil and gas = 491 Federal government = 356 Finance = 530 Manufacturing = 526 Professional services = 492 State and local government = 848 Health = 526 Non-professional services = 479 High-tech = 447 Margin of error +/-1% Survey fielded March 28-April 30, 2012 SHRM/Achieve Survey: Changing Employee Skills and Education RequirementsEducation Levels of Todays Workforce SHRM 2012 18 SHRM Survey Findings: Changing Employee Skills and Education Requirements About SHRM Research For more survey/poll findings, visit www.shrm.org/surveys For more information about SHRMs Customized Research Services, visit www.shrm.org/customizedresearch Follow us on Twitter @SHRM_Research SHRM/Achieve Survey: Changing Employee Skills and Education RequirementsEducation Levels of Todays Workforce SHRM 2012 19

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