Search Results for: Reskilling

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 →

HR leaders feel completely unprepared for the future of work

HR leaders feel completely unprepared for the future of work

future of workMost chief people officers (CPOs) in the US realise they need new skills to meet the demand of the 21st century role, but few are prepared, citing a lack of development and investment from the C-suite, meaning they feel unprepared for the future of work. This is according to a new study by HR People + Strategy (SHRM’s Executive Network of business and thought leaders in human resources) and with Willis Towers Watson, a global advisory, broking and solutions company. The study, based on direct input from more than 500 executives, examined the key changes shaping the CPO role and identifies a pathway for developing and accelerating this next generation of HR leaders. More →

Automation will boost productivity, but risks leaving people behind

Automation will boost productivity, but risks leaving people behind

Automation of an eyeUnless the Government steps up efforts to manage the transition to automation, many people and entire regions of the UK face being left behind and British businesses could find themselves becoming less competitive, says the Business, Energy and Industrial Strategy (BEIS) Committee in a report published today.
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Aping our robot overlords, Instagrammable buildings and some other stuff

Aping our robot overlords, Instagrammable buildings and some other stuff

What happens to people when their skills become obsolete? If you’re not asking yourself this question already, you probably should. A new study from researchers at MIT and Wharton is the basis for this piece in Quartz at Work which considers the implications for what looks like a small technological change and its consequences for a large number of people who had to reset what they offered employers. More →

AI revolution means 120 million people need to reskill

AI revolution means 120 million people need to reskill

The AI revolution means a large number of people need to reskill soonAs many as 120 million workers in the world’s 12 largest economies may need to be retrained or reskilled over the next three years as a result of the advent of artificial intelligence (AI) and automation, according to a new IBM Institute for Business Value (IBV) study. It also suggests that only 41 percent of CEOs surveyed say that they have the people, skills and resources required to execute their business strategies.

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C-suite reskills to face challenge of disruption

C-suite reskills to face challenge of disruption

c-suiteAn emerging super-group of employees and consumers in the UK is adding intense pressure to already challenged C-suite leaders who are navigating tough economic, technological and geo-political environments – further threatening company growth, a new Accenture (NYSE: ACN) study finds. With nearly three-quarters (73 percent) of these powerful stakeholders believing they have the potential to destroy company value in the long term, the C-suite understands the need to respond. More →