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Upskill and reskill to address the talent shortage


Before the pandemic, two in five HR leaders acknowledged that they didn’t know what skills they had in their workforce. In the post-pandemic world, many such employers are working to collect the necessary data. Meanwhile, leading companies are expanding their talent and learning ecosystems and exploring ways to move employees around their organizations based on their talents and skills.
 

Around 93% of HR leaders are prioritizing the design of talent processes (such as hiring, learning and succession) around skills. However, in many cases, the process of closing the skills gap is still in the learning phase. Unfortunately, many outdated attitudes towards skills and talent processes are still prevalent, while some employees exhibit apathy toward reskilling. 
 

The imperative for employers is to build a vibrant and resilient talent ecosystem that can meet their companies’ skill needs. This can be done using strategic workforce planning, pay-for-skills practices, talent marketplaces and creative work design.
 

Adopting a skills-based approach to the reinvention of a business to embrace flexibility enables companies to address questions such as:
 

  • How do we know what skills we have today, and how can we use those skills to our advantage?
  • How can we develop the skills we need for the future while delivering today?
  • How can we formulate our pay for skills philosophy and accurately value skills?  
  • How do we prioritize our learning and development spend?
  • How can we speed up and improve our HR processes to adapt to a more flexible world of work? 
93% of HR leaders are prioritizing designing talent processes around skills (hiring, learning, succession)


 

Three ways to start building an agile workforce

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