What's Happening?
At the SHRM 25 conference, HR leaders are focusing on addressing skills gaps within internal talent pools. Jordan Quigley, North American VP at Robert Half, highlighted the importance of understanding generational differences in the workforce and the need for organizations to invest in professional certifications and development. According to Robert Half's research, 72% of organizations are concerned about critical skills gaps, particularly in areas like learning and development, AI, and data analysis. The conference emphasized the need for HR leaders to slow down and build an inventory of skills, focusing on upskilling and reskilling employees to meet future demands.
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Why It's Important?
The emphasis on skills development is crucial as organizations face challenges in adapting to technological advancements and changing workforce dynamics. By investing in professional development, companies can better align their workforce capabilities with strategic goals, enhancing productivity and innovation. This focus on skills over degrees reflects a shift towards valuing potential and adaptability, which can lead to more inclusive and diverse workplaces. Organizations that successfully address skills gaps can improve employee engagement and retention, ultimately driving business success.
What's Next?
Organizations are expected to increase their investment in upskilling and reskilling initiatives, with 52% planning to upskill and 47% planning to reskill employees this year. HR leaders are encouraged to leverage contract talent professionals to fill immediate skills gaps and explore cross-functional training and mentorship programs. As companies move away from hybrid work models, there will be a greater focus on fostering collaboration and innovation within the workforce.
Beyond the Headlines
The shift towards skills-based hiring and development may lead to long-term changes in how organizations approach talent management. By prioritizing emotional intelligence and creative thinking, companies can cultivate leaders who are better equipped to navigate complex challenges and inspire their teams. This approach also supports a more equitable and inclusive workplace, where diverse perspectives are valued and leveraged for organizational growth.
