Upskilling to engage your people: attracting and retaining talent during the great resignation — from protocol.com by Suneet Dua and Cy Coons
Excerpt:
Digital skills development is now table stakes — in a few short years, almost a third of all jobs globally will be transformed by technology. Nearly half of respondents to a recent National Association for Business Economics (NABE) survey reported a shortage of skilled workers in the third quarter. Digital skills will continue to be in high demand. The good news is that 77% of workers are ready to learn new skills or completely retrain.
Upskilling programs should encourage the critical thinking and digital acumen needed for future success. And they should provide opportunities for scenario-based applied learning that demonstrates competency and translates to immediate business impact. Upskilling should focus on job- and function-specific skills so organizations can be less reliant on institutional knowledge.
If you persevere and implement the right kinds of programs, the payoffs can be huge: 93% of CEOs who introduce upskilling programs have seen increased productivity, an improvement in talent acquisition and retention and a more resilient workforce.