Job seekers say there's a training gap — not a skills gap
This story was originally published on HR Dive. To receive daily news and insights, subscribe to our free daily HR Dive newsletter.
Most employees responding to a recent survey said they believe employers are passing over competent candidates because employers aren't willing to train them, according to a May 28 report from Express Employment Professionals.
In addition, 87% said companies should prioritize skills-based hiring over degrees, pushing back on outdated job requirements and unrealistic expectations. About 90% said they'd stay longer at companies that invest in training.
'In today's evolving labor market, adaptability is increasingly recognized as a critical asset by both employers and job seekers,' said Bob Funk Jr., CEO of Express Employment Professionals.
'Many business leaders are finding that while priorities may differ, there's common ground in practical strategies, such as flexible qualifications and onboarding programs focused on long-term growth,' Funk said. 'These approaches help bridge gaps in expectations while maintaining the high standards that drive sustainable success.'
In the survey of more than 1,000 U.S. adults, 79% of job seekers said the skills gap is less about a lack of ability and more about employers' unwillingness to train. Nearly three-quarters also think employers should be willing to forgo some job requirements to find the right person.
However, in a separate survey of more than 1,000 U.S. hiring decision-makers, 69% said the skills gap is wider than ever. Although 84% said their company has the resources to close the gap, a similar amount also said their company has waived some job requirements, such as years of experience, educational degrees, soft skills, hard skills and professional certifications.
At the same time, challenges persist in shifting to skills-based hiring, the survey found. More than a third of hiring managers said they don't know how to assess certifications or online degrees, which can hinder their incorporation into the hiring process.
To address skills-based hiring barriers, some employers are developing formal infrastructures, such as skills mapping and skills-based rewards, according to a Mercer report. These strategies can close talent gaps and encourage leadership buy-in, the report found.
Looking ahead, 9 in 10 companies lack 'future-ready' talent strategies, particularly related to artificial intelligence capabilities, according to a report from The Adecco Group. Companies need to implement structured plans to support workers, build skills and lead through AI-related disruption, the firm said.
Some HR professionals may feel stuck when addressing this talent conundrum as training continues to move lower on the priority list at many organizations, according to HR Dive's recent Identity of HR survey. Job shadowing and mentorship can help if learning and development investment has dropped, experts told HR Dive.
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Total operating revenue reaches USD 255 million or UAH 10.6 billion, up 37.1% year-on-year in USD and 49.6% in local currency terms Profit for the period amounts to USD 44 million, up 22.2% year-on-year in USD and 33.7% in local currency terms, with a profit margin of 17.3% Adjusted EBITDA1 reaches USD 140 million, up 50.5% year-on-year in USD and 64.6% in local currency terms, with an adjusted EBITDA margin1 of 54.9% Completes acquisition of Uklon, Ukraine's leading ride-hailing business, and increases stake in Ukraine's leading digital health platform Helsi, subsequent to quarter-end KYIV, Ukraine, June 05, 2025 (GLOBE NEWSWIRE) -- Kyivstar Group, Ukraine's leading digital operator ('Kyivstar Group' or 'the Company') and a subsidiary of VEON Ltd. 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Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements relating to, among other things, the timing of the closing of the proposed business combination and the listing of Kyivstar Group's common shares and warrants on Nasdaq, the expected investment opportunity in Kyivstar Group following the closing of the business combination, including the expectation that Kyivstar Group will be the only pure-play Ukrainian investment opportunity and the growth potential of Kyivstar Group. These statements are based on VEON, Cohen Circle and Kyivstar Group management's current expectations. 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Media and Investor Contact: Kyivstar@ Email: pr@ i Multiplay as a % of total active Kyivstar one-month subscriber base in March 2025 (unique active subscribers over one-month period)Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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(Nasdaq: VEON) ('VEON Group' or 'VEON'), today announced its unaudited financial and operating results for the first quarter ended March 31, 2025. 1Q25 1Q24 YoY 1Q25 1Q24 YoYUSD mln or % UAH bln or % Total operating revenue 255 186 37.1% 10.6 7.1 49.6% Profit for the period 44 36 22.2% 1.8 1.4 33.7% Adj. EBITDA1 140 93 50.5% 5.8 3.6 64.6% Average UAH/USD exchange rates: 1Q25: 41.7563 UAH/USD; 1Q24: 38.1727 UAH/USDEnd-of period UAH/USD exchange rates as of March 31, 2025: 41.4787 UAH/USD; as of March 31, 2024: 39.2214 UAH/USD1For more information, see section titled 'Presentation of Non-IFRS Financial Measures' at the end of this press release, including the reconciliations of non-IFRS measures to IFRS measures. 'Kyivstar Group continues to deliver exceptional value to our customers and stakeholders, leveraging our market-leading network and innovative digital services to drive growth,' said Oleksandr Komarov, CEO of Kyivstar Group. 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I is a special purpose acquisition company sponsored by investment firm Cohen Circle, LLC and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more technology and/or financial services businesses. Cohen Circle's units, Class A ordinary shares and warrants are listed on Nasdaq under the symbols 'CCIRU,' 'CCIR' and 'CCIRW,' press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the transactions mentioned herein or the proposed business combination with Cohen Circle. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as Circle, Kyivstar Group, certain shareholders of Cohen Circle, VEON and certain of Cohen Circle's, Kyivstar Group's and VEON's respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from the shareholders of Cohen Circle with respect to the proposed business combination. A list of the names of such persons and information regarding their interests in the proposed business combination is set forth in the Registration Statement. Free copies of these documents may be obtained from the sources indicated Group's results and other financial information presented in this document are, unless otherwise stated, prepared in accordance with International Financial Reporting Standards ('IFRS') and have not been externally reviewed and/or audited. The financial information included in this document is preliminary and is based on a number of assumptions that are subject to inherent uncertainties and subject to change. The financial information presented herein is based on internal management accounts, is the responsibility of management and is subject to financial closing procedures which have not yet been completed and has not been audited, reviewed or verified. Certain amounts and percentages that appear in this document have been subject to rounding adjustments. As a result, certain numerical figures shown as totals, may not be an exact arithmetic aggregation of the figures that precede or follow them. Although we believe the information to be reasonable, actual results may vary from the information contained above and such variations could be material. As such, you should not place undue reliance on this information. This information may not be indicative of the actual results for the current period or any future period. This press release contains 'forward-looking statements,' as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements generally are identified by the words 'anticipate,' 'believe,' 'estimate,' 'expect,' 'forecast,' 'future,' 'intend,' 'may,' 'opportunity,' 'plan,' 'project,' 'should,' 'strategy,' 'will,' 'will be,' 'will continue,' 'will likely result,' 'would' and similar expressions (including the negative versions of such words or expressions). Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements relating to, among other things, the timing of the closing of the proposed business combination and the listing of Kyivstar Group's common shares and warrants on Nasdaq, the expected investment opportunity in Kyivstar Group following the closing of the business combination, including the expectation that Kyivstar Group will be the only pure-play Ukrainian investment opportunity and the growth potential of Kyivstar Group. These statements are based on VEON, Cohen Circle and Kyivstar Group management's current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause Kyivstar Group's, VEON's or Cohen Circle's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements in this press release, including, but not limited to, the inability to complete the business combination due to the failure to obtain the necessary shareholder approvals or to satisfy other conditions to closing; changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations; the decision by the SEC to deem effective the Registration Statement; the ability to meet the Nasdaq listing standards upon closing of the business combination and admission of Kyivstar Group for trading on Nasdaq; changes in applicable laws or regulations; the escalation or de-escalation of war between Russia and Ukraine; the successful integration of Uklon; continued growth in digital services; and other risks and uncertainties set forth in the section entitled 'Risk Factors' included in the Registration Statement filed by Kyivstar Group with the SEC on June 5, 2025 and in any other subsequent filings with the SEC by Kyivstar Group or Cohen Circle. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON, Kyivstar Group and Cohen Circle cannot predict with accuracy and some of which neither VEON, Kyivstar Group nor Cohen Circle might not even anticipate. The forward-looking statements contained in this press release speak only as of the date of this release. VEON, Kyivstar Group and Cohen Circle do not undertake to publicly update any forward-looking statement to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events, except as required by U.S. federal securities laws. Presentation of Non-IFRS Financial Measures and Performance Metrics In addition to the results provided in accordance with IFRS throughout this press release, Kyivstar Group has provided the non-IFRS financial measures Adjusted EBITDA and Adjusted EBITDA Margin (the 'Non-IFRS Financial Measures'), as well as key performance indicators mobile ARPU, multiplay customers and total digital MAU. Kyivstar Group defines Adjusted EBITDA as earnings before interest, tax, depreciation, amortization, impairment, gain/loss on disposals of non-current assets, net foreign exchange gain and other non-operating gains/losses, net. Kyivstar Group defines Adjusted EBITDA Margin as Adjusted EBITDA divided by total operating revenues. Kyivstar Group uses the Non-IFRS Financial Measures in addition to its results determined in accordance with IFRS in order to evaluate its financial and operating performance, to generate future operating plans and make strategic decisions. Kyivstar Group believes that the Non-IFRS Financial Measures may be helpful to investors because they provide additional tools for investors to use in evaluating its ongoing operating results and trends and in comparing its financial results with other companies operating in similar industries because they provide consistency and comparability with past financial performance. The Non-IFRS Financial Measures are not intended to replace, and should not be considered superior to, the presentation of the Kyivstar Group financial results in accordance with IFRS. The Non-IFRS Financial Measures may not be comparable to other similarly entitled measures computed by other companies. The following table presents reconciliations of Adjusted EBITDA and Adjusted EBITDA Margin to the most directly comparable IFRS financial performance measures, which are profit for the period and profit margin, respectively: (USD in millions) Income taxes 14 9Depreciation 31 31Amortization 13 12Impairment, net 2 1Finance costs 21 21Finance income (7) (8)Other non-operating gain/(loss), net 1 (1)Net foreign exchange (loss)/gain 21 (8) 17% 19% 55% 50%Key Performance Indicators Mobile ARPU measures the monthly average revenue per mobile user. Kyivstar Group calculates mobile ARPU by dividing its mobile service revenue (excluding guest roaming and wholesale interconnection revenue) during the relevant period by the average number of its mobile customers during the period and dividing by the number of months in that period. Mobile service revenue used to calculate mobile ARPU excludes guest roaming and wholesale interconnection revenue, as this revenue is not generated by Kyivstar Group's customers but are proceeds received by other operators for the services received by its subscribers. Multiplay customers are doubleplay 4G customers who also used one or more of Kyivstar Group's digital products at any time during the one month prior to such measurement date. Total digital MAU is a gross total cumulative MAU of applications offered. Under this metric, a single individual who is active in more than one application is counted as a separate MAU under each such application, such that the total digital MAUs may include individuals being counted more than once. Media and Investor Contact:Kyivstar@ Email: pr@ Multiplay as a % of total active Kyivstar one-month subscriber base in March 2025 (unique active subscribers over one-month period) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data