1、November 2022The Garden State in bloom:Cultivating New Jerseys workforce of tomorrowMcKinsey&CompanyMcKinsey&Company is a global management-consulting firm deeply committed to helping institutions in the private,public,and social sectors achieve lasting success.For more than 90 years,our primary obj
2、ective has been to serve as our clients most trusted external adviser.With consultants in more than 100 cities and in over 60 markets across industries and functions,we bring unparalleled expertise to clients all over the world.We work closely with teams at all levels of an organization to shape win
3、ning strategies,mobilize for change,build capabilities,and drive successful execution.All photography Getty Images.PrefaceOver the past 15 years,the United States has endured two vastly different economic crises.The Great Recession of 200809 was financial in nature,while the COVID-19 pandemic delive
4、red shocks across the economy that are still reverberating in the form of supply chain disruptions,inflation,and a potential recession.The way in which New Jersey was able to rebound from each crisis shines a light on its foundational strengths.The states workforce is a vital component to continue f
5、ueling economic growth:a sufficient pool of qualified talent is the engine to support the expansion of businesses across industries.Therefore,efforts to develop and retain talent are critical to achieve sustained,inclusive economic growth.New Jersey is facing a persistent labor shortage that could b
6、ecome much more acute in the coming years.This shortfall not only threatens continued expansion but also reflects a disparity in access to opportunities for individuals and communities.While many states face similar challenges,New Jersey has a set of strengths that can help it build a distinctive st