Closing the skills gap: Report reveals pros and cons of workforce training initiatives

1 month ago 15
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100% of survey respondents said acquisition and developmental opportunities were "somewhat successful" oregon "very successful."

Young pistillate   having online training, utilizing laptop and wireless headset

Image: Prostock-Studio, Getty Images/iStockphoto

According to the TechRepublic nonfiction "Up to 12.5 cardinal Americans could conflict to find enactment successful 2030 owed to a increasing skills gap" by Esther Shein, the United States volition apt acquisition a shortfall successful its workforce of 600,000 to 12.5 million—between 0.9% to 4.2% of its workforce—by 2030, according to a associated "The Future of Jobs successful the Era of AI," released by Faethm and Boston Consulting Group. 

SEE: Research: Workforce grooming is worthy the investment, expanding worker productivity and occupation satisfaction

How tin businesses adjacent the integer skills spread erstwhile the COVID pandemic, analytics, automation, artificial intelligence, integer transformation, and different tech trends support changing concern needs? TechRepublic Premium surveyed 89 respondents crossed a scope of disciplines, institution sizes, manufacture verticals and occupation functions to find out. 

The survey explored the antithetic ways exertion helps concern leaders physique their aboriginal workforce, however to update employees' skills and the pros and cons of offering employees acquisition and improvement opportunities. More specifically, questions regarding the value of training, types of grooming oregon skills focus, information rates, occurrence rates, budgets, feedback and assessments were asked. 

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Survey respondents shared retraining and upskilling options offered by their organizations arsenic good arsenic rationale some for and against specified programs. The bulk of respondents (87%) reported that their companies see immoderate learning accidental arsenic either precise important oregon important.

SEE: Research: Workforce grooming is worthy the investment, expanding worker productivity and occupation satisfaction

Businesses supported worker improvement and continuing acquisition for varied reasons ranging from improving expertise and making employees consciousness valued to expanding worker retention and boosting productivity. 

However, one-tenth of respondents don't see specified initiatives indispensable for concern operations owed to it being fund prohibitive, not utilized erstwhile offered previously, deferred to employees to manage, oregon a unit formation risk, thereby wasting clip and wealth invested by the company.

Slightly much than two-thirds of respondents recognized the request for retraining and upskilling pursuing the pandemic. A overmuch smaller fig (14%) of respondents said that the pandemic did not heighten a request for retraining oregon upskilling employees, and 20% were unsure.

SEE: Research: Workforce grooming is worthy the investment, expanding worker productivity and occupation satisfaction

According to respondents, the astir fashionable grooming oregon skills initiatives focused connected enactment (47%), unreality services (32%), automation (32%), cybersecurity (29%), networking/VPN technologies (29%) and SaaS (25%).

Despite the information that 100% of respondents described the grooming arsenic "somewhat successful" oregon "very successful," lone 37% implemented an authoritative feedback/analysis process to find however employees benefited from specified experiences. Further, 63% of respondents either did not lend oregon recognize the enactment existed. 

Companies recognized the request to amended beforehand and clarify feedback options. Across the board, 100% of respondents program to amended their training, overall, reiterating the value of specified initiatives.

The infographic beneath contains selected details from the research. To work much findings, positive analysis, download the afloat report: Research: Workforce grooming is worthy the investment, expanding worker productivity and occupation satisfaction.

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