How do you future-proof your modern workforce?
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Constant learning is crucial in today's fast-paced world, as organisations recognise the importance of upskilling employees for long-term happiness, retention, and growth, especially in the changing nature of work and the difficulty in acquiring talent with the right skills.
In a recent edition of the LSG Webinar series, Go1 and SAP discussed how enterprise companies can implement L&D programs at scale and how this will make our workforce more diverse, skilled, and informed. Kelly Jenkins, Director of Partner Success at Go1, and Donald Ross, Head of Talent Intelligence, Learning and Engagement Solutions, EMEA North at SAP, kicked the session off by introducing the topics they want to cover in the webinar.
The importance of skills in the workforce, scaling skills across generations, and utilising AI to enhance roles and skills were discussed, with a poll revealing that most people have learned a new skill in the past six months. The current state of L&D for organisations has undergone significant change in recent years, with companies re-evaluating their core priorities such as culture and employee retention, which aligns with the trend of employees doing the same. Organisations are realising the importance of upskilling employees for long-term happiness, retention, and growth, as highlighted by a report from Deloitte, and this has become even more crucial during and after the pandemic.
The pandemic has forced organisations to prioritise learning and development, as the increasing pace of technological change necessitates upskilling and reskilling in the workforce. Organisations therefore need to be proactive in embedding learning into their DNA to stay ahead and drive growth, and while currently 16% of executives do not support learning and development, this is expected to change in the next 12 months with the support of AI. The pace of technological change is increasing, leading to a greater need for upskilling and reskilling in the workforce, as seen in Go1's example of a car manufacturer transitioning from hydrocarbon to electrical battery-based propulsion.
Leaders must empower employees to adapt to changing job functions through learning initiatives and skill development, prioritising their success and providing access to comprehensive data on skills to effectively upskill and reskill the workforce. Organisations are focusing on acquiring data related to skills and attributes of individuals in order to maximise the return on investment and support the transition to future workforce needs. To learn more, watch the free recording of Upskilling for the enterprise: how to futureproof your workforce.
Resources
Go1 Whitepaper: 'Develop foundational skills for the future of work'
Deloitte Insights Report: '2020 Global Human Capital Trends'
Go1 Whitepaper: 'State of Learning Report: Learning at Work in 2020'
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