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| | | Upskilling Your Workforce is a Matter of Survival | | | | In response to COVID-19, companies around the world are pulling back on upskilling. And yet, six in ten workers say the ongoing global pandemic and resulting economic crisis are accelerating their need for new workforce skills.
These cutbacks have major consequences for your employee performance, engagement and retention initiatives: - Increased turnover rates as 46% of employees indicate that if an employer doesn't invest in the development of their skills, they are more likely to leave a job
- Hindered productivity and business growth
- Elevated risk to employee's mental health, livelihoods, families, and communities due to lack of confidence in their skills
In our comprehensive State of Skills Report, we've identified the regions, industries, and job roles where skills are most at-risk of becoming obsolete. Our aim is to help you focus your limited energy and investments on developing the most urgent skills. | | | | | | | | |
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