As organizations face unprecedented change and volatility, the need to quickly and effectively reskill and upskill their workforces to meet new demands has dramatically increased. However, most companies remain challenged by how to accomplish this while at the same time battling high attrition that drains highly skilled talent.
The key pain points, according to Brandon Hall Group research, include:
- Organizations don’t have clear visibility on the skills their employees have, making it difficult to identify gaps to address.
- HR struggles to keep job descriptions and skills requirements updated, especially if manual or semi-manual processes are used.
- There is a lack of alignment between learning strategies and the skills and competencies needed to drive business objectives.
- Executives are not always aligned on how to develop competencies and skills across the organization.
Overcoming these challenges — and others — is unlikely without the right technology. In fact, 60% of organizations say they lack the technology ecosystem to effectively upskill and reskill, Brandon Hall Group’s Upskilling and Reskilling study shows. That’s why we partnered with TalentGuard on an eBook, Redefining Reskilling and Upskilling, that provides the keys to success.
A leading-edge workforce skills platform enables employers to solve nagging challenges:
- Business and L&D leaders can assign value to skills based on business goals and communicate better with HR to determine the value of internal human capital.
- Employees know where they stand in terms of being viewed as high-potential based on the skills they possess.
- Employees and employers can have a conversation about the skills required for a job and understand where the gaps are and the developmental opportunities that exist.
- L&D can close those gaps with content that teaches those skills.
- HR can recruit for those skills and reward for skills earned.
Download this new eBook to understand the critical issues that impede your ability to properly upskill and reskill your workforce.