Carol Bertola, MBA’s Post

The Skills Gap: The Stats Don’t Lie! Since the pandemic, there has been a significant increase in the need for upskilling and training workforces. Forbes recently called the skills gap “the biggest threat” to the future of workforces. It’s not just employees that are being affected by this gap, employers have also noticed and have stated that the situation is only getting worse! 🌎 By 2030, it is estimated that there will be an $8.5tn skills gap globally 💼 Since 2015, skill sets for jobs have changed by around 25% 👨💼 77% of workers are ‘ready to learn’ but only 34% feel supported by their organization’s skills development opportunities ⏳ 82% of employees and 62% of HR directors said they believe that workers will need to reskill or upskill at least once a year to maintain a competitive advantage in a global job market These stats highlight the urgent need for L&D within the workplace in order to create an advantage over competitors and maintain success within the organization. Has your organization been affected by the skills gap? Comment your thoughts below!

How can employers best evaluate and develop talent? I've recently examined this question in Speakers for Schools’ analysis of the World Economic Forum's "Putting #Skills First" report.  Join the conversation and share your perspective on shifting our focus to a skill-based approach. 👇🏿 https://lnkd.in/dM_XFNGX

The 2020s are becoming the decade of development for employees and employers in terms of skills and career progression. Employers believe that 44% of workers’ skills will be disrupted in the next five years and that six in 10 staff members will require training before 2027, according to the World Economic Forum’s Future of Jobs Report 2023. https://lnkd.in/daadE683

New research from Handshake and SHRM sheds light on how to prepare the next generation of talent for the world of work 📈 The joint study explores the skills emerging professionals need, how employers evaluate them, and what they are looking for in an employer. Setting up students and new graduates for success in their first jobs is crucial for every organization 💻 Check out the details of this insightful study here: https://lnkd.in/eCM-Quym #Handshake #SHRM #NextGenTalent #Employment #CareerDevelopment

How important are Learning and Development programs to employees? Check out these statistics from a recent Forbes Advisor study: ✔ 22% of workers report not having advancement opportunities being a reason to quit. Today's employees are looking for clear career pathing, yet 44% of companies do not provide appealing career paths. ✔ 75% of companies will be creating custom learning programs. This helps to keep employees engaged, grow as an individual, and they feel supported by their employer. ✔ 40% report their manager encouraging them to learn new skills. This helps employees feel supported in their career goals. ✔ Employees are three times as likely to explore their options if they don’t feel supported. There is a cost to replacing employees. In addition to the financial cost of hiring (33% of an employee's salary), productivity is affected as it takes time for the employee to be onboarded. What types of Learning and Development programs do you offer at your company? read entire Forbes Advisor article here: https://lnkd.in/gqJwAWJn #employeeretention #humanresourcesprofessional #hr #learninganddevelopment #learningculture #companyculturematters #millennials #genzworkforce #productivity

In our recent Talent Trends Report for the Life Sciences, we identified skills training & career development as a win-win for 2024 🤝 While 51% of our survey respondents gave the nod to compensation incentive programs as one of the ways organizations need to invest more in existing talent, the number one reply for this question was skills training and career development at 60% of respondents. Read more here: https://lnkd.in/dDFW7J92 and let us know your perspective in the comments ⬇ #trends2024 #talenttrends2024 #lifesciences #hr #training #careerdevelopment

How is your organization investing in existing talent? If you aren’t sure, we can help! We build comprehensive solutions for your team and help you succeed in hiring, retaining and listening to your people.

Workforce development is the backbone of any thriving industry and economy. From my perspective, workforce development encompasses five interconnected elements that collectively contribute to a skilled and productive workforce: Education Workforce Training Employer Engagement Career Pathways Supportive Services Strategic investment in these interconnected elements can empower job seekers and incumbent workers to thrive in the workplace. Employers, too, reap the benefits of a skilled, motivated workforce. #workforcedevelopment #careerpathways #education #training #employers

New research reveals that the UK’s skills gap is posing a serious threat to career development and organisational competitiveness. Many global workers lack confidence in their employers’ commitment to skills development, and a significant number of UK employees believe their roles will remain unaffected by technological advancements. Larger UK organisations are showing more dedication to upskilling their workforce compared to smaller businesses. Read more about this pressing issue https://heyor.ca/bpMDnm #SkillsDevelopment #CareerGrowth #WorkforceTraining #FutureOfWork

According to a recent global survey by Hays, the UK is among the top five nations facing a skills deficit in key professional areas. The study highlights potential competitiveness challenges due to talent shortages in sectors like financial services, technology, life sciences, manufacturing, and engineering. The report also delves into global skill-shortage hotspots and outlines necessary skills for the future workforce, featuring insights from industry experts Nigel Kirkham and Dr. Joe Marshall. 🔗 Link to the article in the comments below. #skills #skillshortage #globalworking #globalworkforce #hr #workforce