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January 4th, 2024 · 3 min read

Need-to-know skills gap statistics for 2024

Written by: Izabelle Hundrev


skills gap analysis template cta

10 eye-opening skills gap statistics every L&D leader should know 

  • The digital skills gap comes at a cost. 14 G20 countries could miss out on $11.5 trillion cumulative GDP growth. (RAND/Salesforce
  • By 2030, the talent shortage and skills gap in the U.S. alone is expected to total a loss of $8.5 trillion. (PwC)
  • The skills gap of the future is two-pronged; organizations seek IT staff to fill the need for both interpersonal/soft skills and technical/hard skills. Over three-quarters (79%) of organizations are pursuing initiatives to address these gaps amid a tightening market for IT labor. (CompTIA
  • Filling the skills gap is a top priority. 64% of L&D professionals said that reskilling the current workforce to fill skills gaps is a priority now. (Linkedin)
  • The skills gap is here and it’s growing — nearly one-third of employers surveyed agree that the skills gap has increased from a year ago. This reality contributes to the difficulties of sourcing qualified candidates, with 87% of employers reporting they have trouble finding qualified talent as a result. (Monster)
  • 56% of hiring managers anticipate technological interventions like AI and other forms of workplace automation will cause a major shift in the kinds of skills they will need employees to possess. (Salesforce)
  • Employees themselves are similarly anxious about the widening skills gap, with 46 percent of those surveyed believing their current skill set will become irrelevant by 2024. (Degreed)
  • Yet, unfortunately, only 34 percent of workers surveyed feel supported by their organization’s skill development opportunities. (MIT and Deloitte)
  • Workers want to reskill. 77% are ready to learn new skills or completely retrain. 46% of people with postgraduate degrees say their employer gives them opportunities to improve their digital skills, but just 28% of people with secondary education say the same. (PwC Global)
  • Hiring is only the first step toward filling the skills gap for companies. According to a recent report, 82% of employees and 62% of HR directors said they believe that workers will need to reskill or upskill at least once a year to maintain a competitive advantage in a global job market. (Citrix)

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