University of Phoenix Career Institute® was created to address broad, persistent and systemic barriers to career advancement through research-based solutions and impactful partnerships that break down barriers Americans face in their careers.
Workers living in rural America are more likely to feel held back in their career because of where they live, compared to their nonrural counterparts. The G.R.O.W.™ Generating Rural Opportunities in the Workforce™ report, explores this reality and opportunities to improve future progress.
The far-reaching G.R.O.W.™ report explores the impact workforce barriers have on rural communities and the potential paths forward.
Download the G.R.O.W. report now or access the link in the email we send to you .
See more insights on workforce trends below.
The far-reaching G.R.O.W.™ report explores the impact workforce barriers have on rural communities and the potential paths forward.
Download the G.R.O.W. report now or access the link in the email we send to you .
See more insights on workforce trends below.
CAREER OPTIMISM INDEX®
The 2024 Career Optimism Index® study finds that workers and employers are facing a critical moment of talent stagnation. Nearly two-thirds (64%) say their company does not offer opportunities for internal mobility. Meanwhile, 44% of employers say their top challenge to finding talent in the past year is a lack of well-qualified applicants.
These findings indicate that employers are not looking internally and, thus, overlooking the potential to upskill and elevate their existing workforce to solve business needs, hindering progression for both workers and organizations.
More than half (53%) of Americans report feeling easily replaceable in their job positions and 30% of workers don’t feel recognized by their company’s leadership for their contributions.
While 62% of employers say their company currently offers opportunities for internal mobility, only 36% of workers agree.
Workers are more than twice as likely to feel like they do not have the ability to advance in their current role when their company does not provide a mentorship program (49% vs. 18%), skills development opportunities (55% vs. 23%), internal mobility (55% vs. 19%), or career path guidelines (53% vs. 19%).
Despite stagnation, workers continue to feel optimistic about their abilities—a belief in themselves to propel the future of their careers: 78% of Americans are hopeful about the future of their career.
This presents an opportunity for employers to capitalize on that optimism and develop the dynamic talent they need from within by providing more opportunities for their workforce to advance internally.
Read white papers by University of Phoenix College of Doctoral Studies researchers and faculty who have dug deeper into the 2021, 2022 and 2023 Career Optimism Index® studies. New white papers will be shared with insights from the 2024 Index!
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To learn more about University of Phoenix Career Institute® or the Career Optimism Index®, please contact us at careerinstitute@517b2b.com.