b'SYDNEY - BOSTON - FUKUOKA 2018 - 2019Schools now need to focus on teaching their students how toin interpersonal skills and personality traits, like curiosity learnhow to respond to continually changing times. Its notand empathy, than traditional academic measurements about training them to excel in a specific career or industry,when it comes to hiring. Increasingly, employers know what but training them to excel in 21st century economiesattributes benefit their organizations best, and how to spot it and cultures, of which the most central and predictablein prospective employees.The problem is, they often cant component is change.find enough fresh graduates with the right balance of these traits.A growing group of innovators is embracing the uncertainty of not yets as an opportunity to create pedagogical modelsRegional Variations on a Global Shortagethat shake up the basic experiences of student, faculty,The shortage of adequate applicants is not limited to and campus. In times of uncertainty, these schools are notone country, but each countrys context is unique. The waiting for direction; theyre forging their own. United States, for instance, continually boasts high college attendance rates and 90% of millennials will attend at least Measuring the Unmeasurable some college within eight years of graduating from high Laszlo Bock, Googles Senior Vice President of Peopleschooland specialized and research-based degrees from Operations, shared insight into the tech giants hiring processthe U.S. are often unparalleled (Kovacs 2016).in the 2013 New York Times article, In head-hunting, big data may not be such a big deal: Yet, while its populace becomes increasingly educated, the United States is suffering from a growing shortage One of the things weve seen from all our data crunchingof skilled laborers. A July 2015 report found that 35% of is that G.P.A.s are worthless as criteria for hiring, and testsurveyed economists had seen shortages of skilled labor scores are worth less no correlation at all except for brand- in the previous quartera 12% increase over the previous 142new college grads, where theres a slight correlation. Googleyear (National Association of Business Economics 2015). 116famously used to ask everyone for a transcript and G.P.A.sAn article in The Atlantic juxtaposed an optimistic statistic and test scores, but we dont anymore . . . we found that they 5.8 million job postings in July 2015 (at the time, the(Laszlo Bock, quoted in Bryant 2013)dont predict anything. highest ever)with the fact that 17 million Americans are either unemployed or underemployed (Fuller 2015). These These standards, such as G.P.A. and transcripts, emphasizestatistics signal a mismatch between employers needs and that which can be measured, letting core (though harderapplicants skills.to quantify) skillssuch as problem-solving, emotional intelligence, being a team playerfall through the cracks.Like Google, many companies have been placing more stock Master of Urban Development & Design 2018-2019Pieprz & Sheth-paper.indd 3 26/11/2019 5:04:44 PM'