Organisations and leaders need to seize the moment rather than bounce back to how things were. Damien Sheehan, Country Head Australia, IWG, talks about the different facets of what it means to return to the workplace and the future of workplaces, in an interaction with us.
The skills gap conundrum
The shift towards digitisation and automation has distended the skills gap forcing businesses to innovate their capability-building approaches in the new world of work. Close to 70 per cent of employers globally are struggling to find skilled workers, especially in high-demand areas like operations and logistics, manufacturing and production, IT, sales, and marketing, according to a study by ManpowerGroup. So, the need to address skill gaps by adapting employees’ skills and roles to the new ways of working is more urgent than ever for organisations to come stronger on the other side. The cover story of this issue digs deep into the current organisational learning & training landscape and how leaders can fix the larger skills gap to prepare for the future.
Skills have become the global currency of 21st-century economies. But this ‘currency’ depreciates rapidly as the requirements of labour markets evolve and individuals lose the skills they do not use.