Bridging the Gap: The Skills Gap
The world of work is drastically changing. In recent years, we’ve all become familiar with phrases like ‘talent crisis’, ‘skills shortages’ and ‘skills gaps’. This is because there is a very evident deficiency in the global talent pool and according to research, it’s only getting worse. One McKinsey report said 87 percent of companies worldwide ‘have a skills gap, or expect to within a few years’ and this is due to changes like the speed of technological advancements like automation and AI.
With organisations unable to hire their way out of the talent crisis, they must grow their own future workforce from within in order to stay highly competitive in the world of work. That means creating a bright future for your brightest talent and generating energy for everyday high performance.
Building a culture of continuous development
One way to do this is by creating a culture of continuous learning and development within your organisation. By encouraging employees to keep growing their skills, as well as building vital ‘power skills’, the benefits to both employee and organisation are massive.
You can encourage this culture in a number of ways, from leaders’ role-modelling taking time off to reskill, running workshops or investing in an LMS or what about bringing in expert speakers to having knowledge-sharing forums. There are many ways to embed life-long learning in your company culture.
The need to bridge the skills gap is more important than ever, so what do the numbers say?
Vice President of Talent Development at LinkedIn, Linda Cai, says,
the skills required in the workforce are changing fast. Jobs are changing on you, even if you’re not changing jobs.
So as an organisation, what are some of the benefits of creating a culture of ‘continuous learning and development’ and what are the effects it can have on your bottom line?
Opportunity for change
When we look at the world of work, the skills gap is a real problem and one that needs addressing from top to bottom. As technology continues to change the business environment, organisations need to ensure they can keep up with the latest trends. Thankfully, there are more learning opportunities than ever before, to help individuals and organisations address the skills gap.
And remember, when your employees thrive, your organisation thrives too!
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