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According to World Economic Forum , 44% of workers’ skills will be disrupted in the next five years, and 60% of employees will require training before 2027. Added to this is a growing skills shortage as more companies embrace AI and other digital technologies. Think about streaming platforms like Netflix and Spotify.
An overwhelming number of recruiters, 87%, use LinkedIn as a hiring tool, while 55% use Facebook and 47% use Twitter. According to JVS Career Solution’s research , 94% of recruiters prefer to use LinkedIn to source candidates, and eventually, recruiters hire 79% of those candidates. Continuous learning: an economic imperative.
Emerging technologies, an aging workforce, and remote work are just a few of the disrupters we all face. For employees and employers alike, upskilling and career development is the only way to stay ahead of the competition and remain relevant. Your modern data-science based platform will: Identify Skill Gaps with Precision.
Bridging skills gaps : Organizations must keep pace with technological advancements and frequent shifts in business concepts. Reskilling and upskilling individuals for specialized technical roles and developing their soft skills prepares the workforce to adapt, foster innovation, and meet the organization’s future labor needs.
According to Transparency Market Research , the global soft skills training market will reach a value of US $38 Billion by 2027. For example, executives at a large technology company invest in teambuilding because they want the work performed by teams. Sometimes a decision-maker needs more than a logical assessment of value.
And even though there are multiple reports that technology threatens to make insurance underwriters’ jobs obsolete, according to a Wall Street Journal report companies like AIG will continue to employ the human touch, especially in underwriting, where risk is often unpredictable and risk assessment is highly nuanced.
This highly dynamic talent landscape in an industry that is also constantly evolving with new technologies creates unprecedented challenges for HR professionals. Tucker said the growing need for this kind of technology is driven by people’s increasing desire for “a quantified self”.
The current talent environment is one most HR professionals have not seen before. Between 2017 and 2027, a talent shortage of 8.2 This is important because HR needs to be able to assess the skill set of the current workforce and then define what skills they need moving forward.
Employee training and development is top of mind for many human resources teams that want to overcome skills gaps , improve employee performance, and future-proof their organization. Whether you’re making your first hire or growing your team, here are 10 interview questions for learning and development professionals to get you started: 1.
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