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 priorities.
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. Download our full guide below.