Organizations across the board are having a hard time filling present skill gaps, let alone making headspace for emerging skills — the skills of the future. There’s no doubt emerging skills will be a critical factor in surviving the disruption caused by automation and digitization. In fact, according to a recent McKinsey Global Institute report, 62% percent of executives believe they will need to retrain or replace more than a quarter of their workforce between now and 2023 due to these factors. It’s skill or be skilled out there, so how can you and your company stay ahead?
Here are five things we’ve noticed companies who are the most committed to building emerging skills do differently:
- Identifying skills from the ground up
- Tap into new skills where they emerge organically
- Give experts a platform to spread their knowledge
- Give feedback on progress
- Mine data to identify emerging skills
The good news? Reskilling is on the radar. A recent McKinsey & Company study showed that 66 percent of executives see addressing potential skills gaps related to automation/digitization within their workforces as a top-ten priority. Nearly 30 percent put it in the top five.
So what are YOU doing about it? For starters, start looking for ways to measure your people’s skill-sets. Then give us 10 minutes and we’ll give you a crash course in emerging skills: what they are, how to build them and how to benchmark your current skills so you can get started on what’s next.