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Identifying the skills needed for the future
Developing a growth mindset
Creating a culture of continuous learning
Companies will need to measure the return on their investment in employee skilling.
For instance, the cost of giving employees new skills compared to the cost they would have spent on hiring. The expense should include the opportunity cost of waiting to hire.
173
861 reads
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Companies should gain a clear understanding of the way each employee and team do their present work and involve them in redesigning their roles and ways of working. It will spark better ideas and ensure pain points will get addressed early on. It will also create stronger skill matches and...
182
753 reads
The pace and scale that technology disrupts is a social, political and business challenge.
Employers are best placed to make a positive societal impact, for example, by upgrading the abilities of their employees and equipping them with new skills. Employers will also reap the grea...
206
1.39K reads
By 2030, up to 30 to 40 percent of all workers in developed countries may need to move into new occupations or upgrade their skill sets. Skilled workers in short supply will become even scarcer. Any company that doesn't join the early adopters and doesn't address its underlying talent ne...
254
2.09K reads
Workplace transition demands enormous sensitivity. Some employees may fall short of acquiring the skills needed to make the transition to new areas of work, while others may prefer to seek new employment.
Many companies are forming partnerships with new, tech-savvy outplacement firms to he...
172
717 reads
Talent is the largest barrier to the successful implementation of new strategies.
Many leading businesses realize that it is quicker and more financially prudent to look internally and develop the talent they already have. Yet only a third of global executives report that ...
201
1.3K reads
Digital strategies are creating entirely new, mission-critical tasks. The redesigning of work is far more than changing existing roles. They need to identify the knowledge, skills, attitudes, and experience required, then look inside to find the best-fit talent.
Sometimes,...
173
726 reads
The company needs to asses if they are capturing the full potential of new technologies to generate new revenues and not just trying to cut costs.
Many small individual initiatives within organizations don't see the urgency and end up falling behind, never realizing the magnitude of the op...
184
926 reads
Successful and continuous transformation of the workforce involves 3 broad phases that at first might seem common.
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1.04K reads
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Would you hire someone to work on your house without a license? Probably not, since it’s hard to know whether they are qualified and have the skills necessary for the job. The same goes for hiring new employees. You need to define what qualifications they should have before you make them an offer...
During the pandemic, companies had to rethink how to engage employees when they couldn't physically be together.
Now that they bring teams back, not all employees want to return to the way things were. Companies need unique office environments that encourage collaboration for a hybrid work...
Organizations must recognize the drawbacks that some algorithms bring into the screening and hiring process as a result of the way they are trained, which can have a direct impact on outcomes such as diversity and inclusion.
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