How are businesses responding to skills gaps?

It’s clear that 2020 is going to be a year where commitment to skills development may separate the wheat from the chaff.

Let’s be honest, skills shortages aren’t a new thing, but with more than 40% of decision-makers saying their company doesn’t offer formal training opportunities, it’s extremely hard to see how those organisations will meet their business goals.

The support and commitment of the business leader is vital to provide employees with the necessary skills to develop in their roles, or manage the talent shortages that are industry wide.

Training existing employees will reduce the need to continually recruit new staff and is a great way to invest in your people. It’s proven, that employees who believe their company isn’t investing in their development, are far more likely to leave for other job opportunities.

Many businesses implement, upgrade and build their existing technologies to improve their competitive edge, so is it not as important to have an ongoing plan for updating the skill sets of your employees?

Fortunately, it’s not just the technology that’s transforming businesses today, the learning opportunities are too. The variety of available training is vast, be that formal, self-study, online, mentoring, coaching, classroom or virtual, there are so many ways in which businesses can develop the needs its employees.

Training existing employees will reduce the need to continually recruit new staff

That’s why learning and development professionals are vital in helping businesses grow and develop, as they provide the knowledge and expertise that can ensure employees are equipped with the necessary skills they need to succeed, as well as making sure the workplace environment is one which helps get the very best from those who work within it.

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