What's Happening?
Jonny McCormick, Managing Director at Lancia Consult, emphasizes the need for organizations to realign their operations to address growing skills gaps. As businesses undergo constant transformation, they
risk losing sight of the critical skills needed for future success. McCormick highlights that many organizations fail to treat skills development with the same precision as financial planning. The World Economic Forum predicts significant changes in core skills by 2027, and McKinsey reports that most companies face or expect to face skills gaps. McCormick advises that organizations should identify and intentionally build critical skills that unlock performance and enable growth.
Why It's Important?
The rapid pace of technological and strategic changes in the business environment necessitates a proactive approach to skills development. Organizations that fail to identify and cultivate critical skills risk falling behind in competitiveness and innovation. By focusing on targeted capability-building linked to business priorities, companies can ensure that their workforce is prepared to meet future challenges. This strategic approach to skills development is essential for maintaining a competitive advantage and achieving long-term success.
What's Next?
Organizations are expected to increasingly prioritize skills mapping and targeted development paths to align with their strategic goals. This may involve investing in areas such as data literacy, sustainability, and change leadership. As companies recognize the importance of critical skills, there will likely be a shift towards more intentional and focused learning programs. This approach will not only address current skills gaps but also prepare organizations to shape future industry trends.
