Improve transparency: Place skills at the center of the training strategy and aim for deep visibility into the skills position across the organization.Make it personal: Tailor career, skills and learning development experiences uniquely to your employees' goals and interests.The study concludes that traditional hiring and training are no longer as effective, that different strategies and tactics can have a strong impact on closing the skills gap. Organizational cultures are shifting: The digital era has introduced the need for a new business model, new ways of working and a flexible culture that fosters the development of critical new skills.Intelligent automation is an economic game changer: Millions of workers will likely require retraining and learning new skills, and most companies and countries are ill-prepared for the task.Skills availability and quality are in jeopardy: The half-life of skills continues to shrink, while the time it takes to close a skills gap has ballooned, forcing organizations to find ways to stay ahead of skills relevancy.Skilled humans fuel the global economy: Digital skills remain vital, but soft skills have become more important.A recent meta-level IBM study (PDF) predicts that more than 120 million workers in the world’s twelve largest economies may need to be retrained in the next three years because of AI-enabled automation. Organizations also have to rethink the larger framework of what skills will be needed in the near future. Businesses must build a culture of ongoing self-directed, self-motivated learning with focused distance learning programs and mobile "just-in-time" training. Most training won’t be fully retained by learners. Recent articles and industry surveys suggest that a lot of corporate training may be ineffective. Added innovation: Consistently trained employees can help develop new strategies and products, contributing to the company’s bottom line and continued success.Ability to cross-train: Providing consistent training creates a knowledgeable team overall where employees can help train or assist each other as needed. ![]()
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