A major trend in the labor market is calling for training of skilled personnel in order to alleviate challenges of the near future.
There are no doubts that tomorrow’s jobs will differ from those we have now, and this is why we have to get ready to face these transformations with dignity. How can we do it?
The only answer we have right now is equipping the workforce with essential skills for succeeding not only in the future - dealing with artificial intelligence, machine learning, advanced robotics, autonomous transport and advanced materials, etc. – but also succeeding today.
Nowadays, a lot of workers already fail to perform their functions, particularly processing large volumes of information or operating with expert knowledge in some areas. It is caused by emerging new technologies, the Internet, advanced manufacturing and so on.
American author Robert Jordan wrote, “The oak fought the wind and was broken, the willow bent when it must and survived.” Thus, if managers and owners of companies do not want to fall out of the running, they have to realize the importance of improving their employees’ capabilities right now.
There has already been the unbelievable rise in the demand for skilled workers.
Andreas Schleicher, the Acting Director of the Directorate of Education and Skills and Special Advisor on Education Policy to the Secretary-General at OECD, says, “There’s a growing gap between employment and labor market prospects of people who are highly skilled and people at the low end of the skill spectrum.” Sharing the benefits of economic growth in societies is determined by skills.
It should be mentioned that though currently a lot of people lack in generic skills, there is also another phenomenon at play: mismatch between labor market needs and the individual talents that are being developed. High unemployment is accompanied by a great number of unfilled jobs.
Such mismatches may occur not only between the supply and demand of the skills we currently have, but also between today’s base of competencies and future skills requirements.
Therefore we should make every effort to reduce the skills gap as much as possible. We can do it by reasonably assessing a country’s or industry’s existing skills base and understanding changing requirements of the future.
For example, we can train youth to filling certain positions, which could make some of their previously acquired skills turn out to be useless, as skill requirements are likely to be different in few years’ time. Hence, current and past labor market demands should be disregarded, and instead training models should be focused on future expectations.
The talent pool of any company is the keystone to its success, and most productivity gains have been ensured by improvements in the skill base. So, better-skilled workers gain the advantage over less skilled ones. Such an adaptable workforce benefits both employers and employees.
The skills and expert knowledge of employees are the crucial element of competitiveness, productivity, and innovation in the economy as a whole. Therefore investment in this field is an essential prerequisite for the long-run performance of a country’s economy.
For employers, such investments are a way to increase their employees’ productivity and to encourage their adaptive and innovative capacities.
What does it mean to be a skilled worker? Is it just having the capability to perform one’s functions, like operating machinery or answering phone calls?
Not exactly. It means having the ability to apply knowledge and know how to solve a problem or perform a task, whether at professional or personal level.
Being a skilled worker means to never stop ‘upgrading” yourself, to become a lifelong learner, and to have necessary competencies that will empower you to adapt to change and to be engaged in further learning.
Of course, job-specific skills are an integral part of a successful career and must also be kept up-to-date, but they will be mastered more easily and more efficiently while having the basic skills.
Not only do employees benefit from continuous developing and learning, but so too the organization as a whole. High potential and high performing workers will be one of the major factors for business success.
Human resources departments ought to solve not only specific problems, but also ensure the success of the company by facing possible challenges in the future, namely the increased demand for talented and qualified staff.
Organizations that realize how to optimize their talent pool – both externally and internally – will be able to efficiently recruit and retain valuable workers. Finding talented people is a very complicated process, especially outside the company.
That is why local talent becomes a key measure of success. Both hiring proper candidates and promoting employees for the right job are ways to develop new services and products — and win the market!
Optimization of the talent pool provides organizations with access to skills that sustain business goals, build reliable bench strength, and recruit to boost competitive advantage.
It is becoming more and more important for managers to spot various ways for promoting their talent pool, and then develop a strategic plan to develop these people.
Moreover, while undertaking this, there is nobody to rely on except you. If you want to lead, you must have a clear policy on the basic skill issues.
One of the first steps towards success is developing programs for training employees to perform specific functions while focusing on personal skills, behaviors, and capabilities.
Building decent bench strength ensures continuous movement towards the goal of the company. “The very best companies have built tremendous bench strength to help them go the distance,” said Russell Glass, CEO of business marketing company Bizo. “When a business knows that it has a deep bench, it is more confident in making big bets and innovating because management can rest assured that the team understands opportunities that arise and will execute on them effectively.”
Summarizing all of the above, we can state that the transformative moment is happening right now, and that it is time not to hesitate, but to act.
Y Skills Institute possesses invaluable guidelines for undertaking such actions. We know how to equip your employees with the basic skills they need, and we are willing to share them with everyone.
If your employees are provided with the skills that will encourage them to be curious, motivated, and ready for any change, then you can be sure that your business is truly following the right direction – the direction of success.