In the month of July, the unemployment rate in the United States fell to three.9% and remained unchanged in the month of August. When 201,000 new jobs were added in the month of August, the labour market continued to support job searchers.
Though, with the incorporation of fresh jobs, there is a growing temptation to search other ways to grow their knowledge & skills. This, as a result, encourages employers to put their focus on the retention to avoid increasing recruitment and entry costs.
How can the employers persuade workers to remain and, at the same time, fill the growing skills gap through ensuring that their training is always up to date & relevant in an evolving market? The answer is in higher education.