Rapid digitalization and the effects of the pandemic are changing the way the world works, and consequently, the skills employees need to perform their jobs. According to the World Economic Forum, 50% of employees will need to be reskilled by 2025, and many business leaders are of the opinion that these skills will have to be learned on the job.
Needless to say, many organizations are prioritizing reskilling and upskilling initiatives so that they are ready to face these ongoing changes. As Josh Bersin points out, “Skills assessment and development are fundamental to every people practice in business. Who we hire, how we pay, who we promote, and how we organize our companies are all built on the fundamental building blocks of skills.”
Even as employees across industries have adapted to the change in the work environment, it is upto companies to learn how to match those workers to new roles and activities. Companies urgently need to invest in the necessary resources to reskill the employee pool. The focus is increasingly on how companies can successfully upskill and reskill their workforce to deliver new business models in the post-pandemic era.
To address the skills gaps issue, robust L&D initiatives and a continuous learning environment have come to play a key role. Strong L&D teams help companies attract and retain top talent, improve productivity, and earn more profit. Majority employees prefer staying longer at a company that invests in their career development.
Solid eLearning initiatives, accessible to employees anytime, anywhere have been known to support higher performance. Adopting learning programs help organizations to swiftly create and deploy scalable employee training solutions. Such programs give access to learning content to a wide variety of audience sizes, regardless of location which is especially important during this time of remote/hybrid working.
Bottomline: It’s more important than ever to invest in strong L&D programs to bridge skills gaps in the workforce.
This infographic from Plethora explains why creating impactful eLearning is necessary to plug workforce skills gaps. Download here