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Training in today’s dynamic corporate landscape has evolved from a mere checkbox activity to a strategic imperative. As organizations invest heavily in upskilling their workforce, the pressing question remains: Is our training truly making a difference? With rapid advancements in technology, companies now have tools at their disposal to not only deliver training but also […]
Reskilling and upskilling are terms that refer to workforce development and employee training efforts designed to ensure employees are capable and competent to achieve job objectives. While similar, the two terms are different. Difference Between Reskilling and Upskilling Reskilling is the process of training employees in new skills that are entirely different from the skills […]
Amid all the talk about the Great Resignation and general labor market turmoil, it’s easy to forget that high labor demand is no longer applicable across all job functions and industry segments. Recruiters facing labor shortages in certain industries might want to consider expanding their search to include candidates from nontraditional backgrounds. Job Shortages May […]
Over 93,000 employees of U.S.-based tech companies were laid off in the first 2 months of 2023. As we head further into economic uncertainty, every company is faced with the challenge of doing more with less—less talent, less budget, less time, and fewer resources. One way companies can maximize what they already have is by […]
Picture this: You’re the CEO of a large manufacturing company. During your weekly executive team meeting, your VP of supply chain announces that a third of your overseas suppliers are going offline next quarter. Once you pick your jaw up off the floor, you correctly view this development as an existential threat to your business. […]
With wage pressures pushing employee compensation demands higher and inflation and supply chain issues further straining employer finances, one might expect that budgets for learning and development would shrink or even be put on hold while the storms pass.
The Great Resignation is alive and well. In November of last year, a record 4.5 million U.S. workers left their jobs, and the trend isn’t slowing down. One report asserts that “three out of four full-time employees are planning to quit their job this year.” While the pandemic is partly to blame for mass resignations, […]
In the wake of the COVID-19 pandemic and the Great Resignation, companies around the world have been faced with changes in the skills necessary to succeed, as well as more difficulty in hiring new staff or replacing departing employees. Many employers have resigned themselves to the idea that they can’t easily bring on new staff […]
The growing skills gap, despite many other important concerns this year, is something leaders should pay serious attention to. Increased job automation, disrupted talent availability, and the rapid shift to a more digital workforce have led to an abrupt need for companies to support continuous reskilling. Staying competitive in the near future and beyond means […]