Success in the Next Normal Starts with Employee Education and Reskilling

Hiring has historically been the most common tactic for addressing skills gaps. It is also extremely expensive (as high as 3x a yearly salary according to some models). Contrast that with reskilling which is becoming increasingly cost-effective and scalable. Advancements in technologies and delivery methods have created whole sub-sectors of learning and development that are affordable, easily accessible, and relevant. This has enabled a seismic shift in the way learning is delivered in places ranging from the boardroom to the classroom.

Even before the crisis businesses were beginning to take notice. Chief Learning Officers (CLO) were finding it more cost-effective to skip the executive off-sites in lieu of to train-the-trainer scenarios or cheaper (or free) online paths. They also realized that it’s not just about building new skills (skills that can be bought — and copied — by competitors) but rather creating whole cultures around learning and incentivizing growth. Closing these knowledge gaps allowed automation to empower, not hinder, their workforce. Employees were tuned in to this as well, with training and development programs routinely identified as one of the most effective ways to retain (and develop) top talent. The current COVID-19 situation has, again, only exacerbated this. A recent Salesforce survey found that almost 60% of employees stated they wish they had a better or more up-to-date skill-set.

So we know gaps exist, and we know both employers and employees want and can benefit from the skills needed to fill these gaps. But exactly what are those skills, and what resources are available to learn them?

Read the full article on ZDNet.

Follow us on social media for the latest updates in B2B!

Image

Latest

healthcare cybersecurity
Continued Threats Require a Major Shift in Healthcare Cybersecurity Risk Perception
March 28, 2024

Recent cyberattacks on healthcare institutions have thrust cybersecurity from a back-office concern to the forefront of the healthcare industry’s agenda. A significant breach at Change Healthcare disrupted essential services, underlining the vulnerability of healthcare networks to such threats and the dire consequences for patient care. Government and industry responses have stressed the importance of […]

Read More
next chapter
Keith Elias: Pro Sports Retirement Doesn’t Have to Be a Fumble. NFL’s Support Systems Ease Transition to Next Chapter
March 28, 2024

The spotlight is shifting, we’re not just cheering on professional athletes during their prime, but also wondering what happens when the final whistle blows as they move from the peaks of their careers into the next chapter of their lives. The conversation turns to the challenges they face outside the sporting arena and the […]

Read More
Shaping the Future of Warehouses: Key Takeaways from MODEX 2024
Shaping the Future of Warehouses: Key Takeaways from MODEX 2024
March 28, 2024

As the logistics and material handling sectors pivot towards recovery and innovation, MODEX 2024 emerges as the crucible of transformation. With an attendance spike reminiscent of pre-pandemic vigor—up by 30%—the event has become the epicenter of technological showcases, signaling a new chapter for industry efficiencies. The stakes? A competitive edge in an industry where, […]

Read More
IWCE 2024
Icom Hits Orlando for the International Wireless Communications Expo (IWCE 2024)
March 28, 2024

Icom America’s Jon Paul Beauchamp was in Orlando, Florida for IWCE 24, the International Wireless Communications Expo. Beauchamp sent greetings from Icom’s Booth, #805. Catch all of the highlights at Icom America.

Read More