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AEI: ‘New Skills Marketplace’ — Matthew Sigelman on Burning Glass and labor-market data

Matthew Sigelman, CEO of Burning Glass Technologies, shares his expertise and the companies vast understanding of the job market. “New Skills Marketplace” is looking to inform today’s workers of the rapid changes and future of work. Matthew digs into the importance of evolving skills and the profound discoveries by Burning Glass including of what they call Hybrid Jobs. Read more >>

In this episode of the “New Skills Marketplace” podcast, Andy Smarick (AEI) and John Bailey (AEI) sit down with Matthew Sigelman from Burning Glass Technologies.

Matthew begins by explaining Burning Glass’s role in tracking the job market [2:57]. Next, he identifies a need for training programs which are more responsive to changes in skills demand [9:24]. From there, Matthew gives his take on the effect that automation will have on the job market [17:17]. Matthew then shifts to an analysis of nontraditional skills providers [21:03]. Finally, Andy and John reflect on their discussion with Matthew [30:16].

Harvard Business Review: The Great Recession Drastically Changed the Skills Employers Want

Burning Glass data allows for better understanding of labor market trends. By analyzing hundreds of millions of job postings and resumes, these patterns are clear and can lead to important discoveries. One important employment shift that is apparent now is the transition from occupations that require mid-level skills to those at the other ends of the spectrum. These higher-end skills require more specialized disciplines, like analytical thinking.

In recent research we investigate how the demand for skills changed over the Great Recession (2007-09). Using nearly all electronically posted job vacancies in 2007 and 2010–2015 collected by the analytics company Burning Glass Technologies, as well as geographic differences in economic conditions, we establish a new fact: the skill requirements of job ads increased in metro areas that suffered larger employment shocks in the Great Recession, relative to the same areas before the shock and to other areas that experienced smaller shocks.

In a growing technological world, keeping up with these changes is essential. The U.S. economy has seen change, and job seekers must learn what demand companies now need. Because of the Great Recession, new skills are required to adapt to these employment shifts. Read More >> 

WSJ: Should Businesses Value Free MBA Classes Taken By Workers?

Burning Glass Technologies insights into real-time market data can guide workers on exactly what skills they should build upon to improve their demand in the workforce. In this article, the Wall Street Journal looks at the payoff of these free MBA classes.

An explosion of online business courses is prompting some students to ask: What’s the ROI for free MBA classes? That being said, so many workers today are taking advantage of free MBA classes available online.Yet, businesses don’t seem to value this self-initiated work.  If the free MBA classes are offered by credible institutions like Wharton Business School, Harvard University and Stanford, shouldn’t the work count for something?

“It used to be the case that an M.B.A. from a top school was a golden passport to professional success, and a few universities had a monopoly on the credential,” said Bill Aulet, who teaches entrepreneurship at the Massachusetts Institute of Technology’s Sloan School of Management, which offers a suite of classes online for free.Those credentials matter less now that online learning and non-university training have widened access to skills that once came only with an M.B.A., he said.

A study of more than 17 million online job listings found that of 2,500 certifications requested by employers, the most commonly sought were ones like certified public accountant, which are awarded by industry associations, not universities. “The fact that employers almost never ask for most certificates raises questions about whether people are pursuing a credential that actually has currency in the market,” said Matt Sigelman, chief executive of Burning Glass Technologies, a labor-market data firm that conducted the analysis. Read more >> 

AP: In US, factory jobs are high-tech, but the workers are not

Many of these are not the same jobs that for decades sustained the working class. More and more factory jobs now demand education, technical know-how or specialized skills.,, Last year, software developer was the second-most-common job advertised by manufacturing companies, behind only sales, according to data provided by Burning Glass Technologies, a company that analyzes labor market data. Read more >> 

GovTech Works: New Framework Defines Cyber Security Workforce Needs

Both the federal government and its contractors are locked in a battle, vying for the best personnel in cybersecurity and shortage of available talent… According to Cyberseek.org, a joint project with Burning Glass Technologies, NICE, and CompTIA, there are more than 299,000 cybersecurity job vacancies in the United States today. Read more >> 

 

Deccan Chronicle: Health care in trouble as cyber security threat grows

Meadows, in charge of managing IT and cybersecurity for over 7000 employees at more than 50 locations in Texas, says that there is a lot of improvement needed after evaluating hospital cybersecurity across the US… According to Burning Glass Technologies, the average pays for health care cybersecurity positions is 25 per cent lower than in finance. Read more >> 

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