This new article, authored by members of Harvard’s Digital Reskilling Lab and the Boston Consulting Group’s Henderson Institute, outlines how organizations are embracing five pivotal shifts in workforce reskilling: 1) Reskilling is a strategic imperative. 2) It is the responsibility of every leader and manager. 3) It is a change-management initiative. 4) Employees want to reskill – when it makes sense. 5) It takes a village. Regarding …
Much has been written about how the half-life of skills—meaning that the skill is about half as valuable as before— continues to decline rapidly. For example: an IBM Institute for Business Value report notes that the average half-life of many skills has shortened from five to two years and a half. Another report by World Economic Forum shows that 40% …
The shelf-life of skills continues to decline rapidly, presenting challenges to firms as they prioritize upskilling and reskilling efforts. According to BCG’s 2021 research on 32 HR and people practices, upskilling and reskilling ranked second in terms of the most significant gaps between current capabilities and future importance. Similarly, LinkedIn’s 2021 Workplace Learning Report found that upskilling and …
The shelf-life of skills continues to decline, presenting challenges to firms as they prioritize upskilling and reskilling efforts. And given the speed at which skills change, there has been renewed interest in what this research report calls durable skills: a combination of how you use what you know—skills like critical thinking, communication, collaboration, and creativity—as well …
According to BCG’s 2021 research on 32 HR and people practices, upskilling, reskilling, and learning and development ranked #2 in terms of the most significant gaps between current capabilities and future importance. Similarly, LinkedIn’s 2021 Workplace Learning Report, found that upskilling and reskilling is the top priority for L&D pros globally. And while many L&D teams are …
In early 2021, I developed a reference, “2021 HR Priorities: A Summarized View of Nine Sources,” to help practitioners distill the various insights into one view. I linked most collective priorities to Culture, DEI, Employee Wellbeing, Digital Transformation, and Reskilling. As we enter the last months of 2021, new reports will emerge on 2022 priorities, including …
Aon, in association with Business Insider, just released the ‘Future of Work: 2021 & Beyond’ report to dig deeper into how firms can continue to prepare and adjust to the changing nature of work, workplace, and workforce. This 36-page report touches on topics such as workforce planning, upskilling and reskilling, and ESG metrics for executive …
Upskilling and reskilling is the top priority for many learning and development organizations, according to the 2021 Linked Workplace Learning Report. Simultaneously, demonstrating the return-on-investment (ROI) of learning initiatives is increasingly important. However, as noted in this HBR article, many companies measure the impact of their investments in reskilling programs using soft metrics like completion rates, satisfaction scores, …
Many firms are increasing their hiring activity as more people are vaccinated and pandemic restrictions ease up. And as noted in this article, as firms bring workers back to the workplace, many of them will need to retrain workers whose skills stagnated while furloughed, laid off, and unemployed during the pandemic. One tactic offered is …
This report shares ideas from a cross-industry pilot program initiated by Walmart and Unilever and intended to identify innovative ways of preparing people for new career opportunities based on their interests and skills. The pilot hypothesized that “opportunities are hidden from viable candidates because of ingrained thinking about experience and qualifications and firms could overlook outstanding …
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