Search Results for: Reskilling

Top priority for HR leaders in 2021: building critical skills

Top priority for HR leaders in 2021: building critical skills

priorityGartner, Inc.’s 2021 HR Priorities Survey of more than 750 HR leaders claims that 68 percent of respondents cited building critical skills and competencies as their number one priority in 2021. The survey, conducted from June through August 2020, claims the other top HR priorities for 2021 are: organisational design and change management (46 percent), current and future leadership bench (44 percent), the future of work (32 percent) and employee experience (28 percent). More →

More stability in sight for employment but three in ten employers still planning redundancies

More stability in sight for employment but three in ten employers still planning redundancies

RedundanciesThe pace of deterioration in UK job prospects is starting to slow this autumn due to very modest improvements in planned recruitment activity and a slight decrease in employers’ intentions to make redundancies. This is according to the latest quarterly CIPD/the Adecco Group Labour Market Outlook (LMO) survey – involving more than 1000 employers and covering all sectors of the economy. More →

Future of work has arrived sooner than expected, WEF report claims

Future of work has arrived sooner than expected, WEF report claims

future of workThe Future of Jobs 2020 report from the World Economic Forum claims that COVID-19 has caused the labour market to change faster than expected. The research suggests that what was recently considered the future of work has now arrived. By 2025, automation and a new division of labour between humans and machines will disrupt 85 million jobs globally in medium and large businesses across 15 industries and 26 economies. More →

Is there a confidence gap between businesses and their people?

Is there a confidence gap between businesses and their people?

 

Cornerstone OnDemand have published a new workforce trends report from the Cornerstone People Research Lab (CPRL) titled A License to Skill: Embracing the Reskilling Revolution. The research report claims that while organisational leaders and employees have rallied around the importance of skills, there remains a confidence gap in the efficacy of skills-based learning programmes that advance careers and innovation in the business. More →

UK faces urgent AI skills gap, Microsoft report claims

UK faces urgent AI skills gap, Microsoft report claims

The UK is facing an AI skills gap that could leave companies struggling to compete with rivals from across the world, a new Microsoft report claims.  The research, entitled AI Skills in the UK, also found that businesses in this country use less AI than firms overseas, and when they do it tends to be less advanced. UK organisations are also less likely to be classed as “AI pros” compared to the global average (15 percent versus 23 percent), and the UK has a higher failure rate of AI than the global average (measured by the number of projects generating no commercial value – 29 percent versus 19 percent). More →

Investment in talent will drive market share gains as economy rebounds

Investment in talent will drive market share gains as economy rebounds

talentOrganisations that favour agile working and make strategic investments in human capital during the coronavirus crisis will be best positioned to gain market share and overtake competitors, according to a new Talent Trends report released by Randstad Sourceright. More →

Firms need to embed lessons from pandemic in a new work culture

Firms need to embed lessons from pandemic in a new work culture

work cultureOrganisations should build on the lessons they have learned about themselves and their employees during the pandemic and embed them into their work culture. That is the main claim of the tenth annual Global Human Capital Trends report from Deloitte. More →

Third of workforce expect role to vanish within three years

Third of workforce expect role to vanish within three years

WorkforceA new study by Mercer claims the COVID-19 pandemic and subsequent uncertainty are accelerating changes in the way organisations around the world are working and will continue to work into the future. Particularly in challenging times, employers are focusing on their workforce, specifically fostering healthy lifestyles, supporting financial wellness and providing skills and training as careers change due to AI and technology developments. More →

Digital transformation becomes number one skills issue

Digital transformation becomes number one skills issue

Digital transformationOrganisations across Europe are facing a skills challenge caused by digital transformation, with many struggling to keep pace with learning and development (L&D) needs, claims research from Skillsoft. Carried out in the UK, France and Germany, the research suggests that reskilling in the face of changing and increasingly digital working environments is the biggest single issue for L&D professionals across all three countries (42 percent of respondents on average). More →

UK squandering workers’ potential through lack of training

UK squandering workers’ potential through lack of training

workplace trainingThe UK is ignoring the value of millions of workers by overlooking workplace training and opportunities to upskill, a new survey has suggested. According to the Missing Millions report from City & Guilds Group, a third of employees have either not received workplace training in the last five years or have never had any such training – equating to 17.8 million people in the UK with outdated skills. The result, the report claims, is declining productivity and problems remaining competitive. More →

AI will transform financial services in two years

AI will transform financial services in two years

AINearly two-thirds of financial services leaders expect to be mass adopters of AI in two years compared to just 16 percent harnessing it today, a survey from the World Economic Forum and the Cambridge Centre for Alternative Finance (CCAF) claims. This is despite fears around AI, with 58 percent of the 150 senior executives surveyed expecting it to worsen discrimination in the sector and the same number expecting privacy breaches to increase. More →

AI to do two-thirds of managers’ routine work by 2024

AI to do two-thirds of managers’ routine work by 2024

AIArtificial intelligence (AI) and emerging technologies such as virtual personal assistants and chatbots will replace 69 percent of managers’ workload by 2024, Gartner, Inc. has predicted. As well as taking over routine tasks, AI will also make work more accessible for employees with disabilities, a new report from the research and advisory company claims (registration required). More →