BUILDING THE WORKFORCE OF THE FUTURE

RETRAINING

HIRING

RELEASING

REDEPLOYMENT

CONTRACTING

Teaching new technological and soft skills to your current employees is a common choice for most organizations. It is a win-win solution, as the knowledge, culture, and experience are preserved and amplified within the company.

Recruiting new talent means that you can select the perfect person for the role. Nevertheless, keep in mind that qualified choices aren’t as plentiful, nor as easy to find. There is also the added expense of the recruitment process to consider.

Parting ways with employees might be necessary in some cases, particularly in industries that are not growing very rapidly or those where automation can substitute labor in a significant way. There is, however, a risk to be considered: the company will likely lose its knowledge base and culture.

Companies can redeploy workers with specific skills to make better use of the skill capacity already available to them. In fact, 55% of the world’s biggest companies would be more willing to transfer employees to new positions rather than letting them go.

Companies can deploy skills brought in from outside the organization via contractors, freelancers, and temporary workers from staffing agencies. However, this requires budget and oversight.

The corporate world is entering a new era due to constant and continuous digital evolution. In order to effectively compete in this new landscape, the modern workforce will need to acquire new skill sets.

Do your employees have the skills they need to succeed?

Discover our Learning Suite

Design by Invox

DID YOU KNOW?

Organizations are always striving to improve their employee training in order to stay competitive in their respective markets. It is more important than ever to train your employees on the skills they need to be more efficient and productive, while ensuring that their learning journeys are accessible and engaging. The best learning experience providers are building their platforms on the latest technologies to evolve with the times.

Interestingly, recent studies reveal that having the right learning system within an organization has a positive effect on business: the average increase is 12% for productivity, 15% for customer satisfaction, and 19% for time-to-competence. In addition, L&D costs are diminished by 16%.

CHECKLIST

Source: McKinsey Global Institute: Skill Shift: Automation and the future of workforce