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Ways to Address the Workforce Skills Gap

Today organizations are struggling to find the worthy talented candidates to recruit within their organization. The skills of the workers are becoming outdated faster than ever, and the majority of the CEOs believe that due to digital technologies their company is facing turbulent change. According to Deloitte, around 70 percent of their employees do not have the skills that are required to adapt. In recent times, employees need continuous learning to maintain with the changing world.

Organizations need to adopt the following to address the workforce skills gap:

Organizations should train employees for the future – To maintain with the changes, organizations should train employees for the future and should help their employees build comprehensive skill sets that are required as per the current scenario. It means organizations should focus upon developing soft skills in their employees like adaptability, culture-fit, and collaboration. With the increased use of automation, robotics, and artificial intelligence within the organization, it becomes important for the employees to have essential skills like strategic decision-making, ethical thinking, and emotional intelligence, as employees will increasingly work with machines.

Skill Gap Analysis – Organizations should conduct a skill gap analysis to identify skills which their employees lack, and then they should invest in a learning platform. The skill gap analysis will help them to point out essential skills, and then compare those skills to the skill sets of current employees, and then they should diagnose the gaps. Employers can measure current skill levels through surveys, assessments, employee interviews, and performance reviews. After finding out this information, companies can come out with an appropriate training approach that enables continuous skills development in business.

Develop a Learning Culture – Organization that wants their employees to feel comfortable about self-improvement should develop a learning culture and create a knowledge-seeking environment. It was discovered that organizations that have strong learning cultures their employees are more productive. Furthermore, these organizations are more likely to have skillful and talented employees with them to experience the challenging marketplace needs. The learning culture should be adopted right from the top and spread across all over the entire organization. However, while aligning learning with strategic goals, organizations can make a difference in the business.

Assess Organization Progress – Companies find difficulty in estimating the return on investment of learning programs, so at times that they are reluctant to budget for such programs. However, companies should keep in mind that investment in learning surely benefits their organization. Skill development is vital for business growth and sustainability, and therefore with the right learning solution, companies can close skills gaps, increase productivity, and improve business outcomes. To know ROI to both company leaders and employees, organizations should track their learning program and how it affects their business outcomes in terms of employee productivity, retention, and time to promotion. With evolving technology and skill requirements, companies should keep evaluating learning programs to address pressing problems.