The rapid pace of changing skills is daunting. Businesses need to track and leverage the ‘rising skills’ in order to transform.
By 2030, demand for skilled workers will outstrip supply, resulting in a global talent shortage of more than 85.2 million people.1 A major crisis is looming especially in the APAC region because the region exports more talent than it imports2. A recent report by LinkedIn, “Future of Skills 2019”, highlights the point that the skills needed to succeed are changing rapidly and demand for talent with rising skills is three times that of the rest of the talent base.
LinkedIn undertook a survey across AsiaPacific region and surveyed 4,136 employees and 844 Learning & Development (L&D) professionals in Australia, India, Japan and Singapore on the state of workplace learning and skills requirements. The report presents insights into how skills are playing a bigger role in shaping the evolution of talent. Knowing what skills are in demand, and how traditional roles are evolving, will help organizations prepare for and navigate the talent crunch.
Let’s dive deeper into the findings of the report:
The surging talent crunch
It is no news that the world of work is undergoing a massive talent crunch. At the very outset, the report states that talent drives business and skills drive talent. However, the skills that were required yesterday are not relevant for the future and in fact not even relevant today.
Esta historia es de la edición July 2019 de People Matters.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 2019 de People Matters.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
How Digital Transformation Can Power The Great Reset
Technology has the potential to serve as the key enabler of change between digitalising administrative tasks and fostering human connections
The Crypto Meltdown Of 2022
FTX implosion: A setback, but not the end for the crypto market
Govern Pre-IPO Unicorns to Create Value; Not Valuation
Billion-dollar startups always make the headlines. But is there true value behind those eye-catching valuations? How can proper governance be implemented for these much-hyped companies?
On change and change management
The best way to end the year, especially such a disrupted one as 2022, is by laying the groundwork for the year to come. Michelle Yong, Head of Resourcing at Shell, offers some insights on change management to bring us forward into 2023
The Great Reconnection: A paradigmatic moment for employers and employees
This year has not been a good one for employee retention. The Great Resignation, originally thought to be a US phenomenon, has emerged in Asia now. But is there a way to turn it into the Great Reconnection?
Lessons Managing in leadership: a global hybrid team
What takeaways can we draw from the pandemic? Fatima Koning, Chief Commercial Officer at IWG, shares what the last five years have taught her about managing a global sales team across 120 markets in the hybrid model
Eight HR trends that we saw throughout 2022
As companies manage their workforces in a dynamic era, HR departments have continually adapted and adjusted, and never more than this year as digital acceleration and workplace evolutions came together
One way to turn the tide of employee retention
There's a surprising link between skill development opportunities and job satisfaction. Here are some ways of boosting skilling and thereby talent retention
A key focus for L&D going into 2023 should be business alignment
Venkat Subramaniam of Degreed believes that learning is core to business success and organisations need to invest in the right processes and technologies to adapt to continuous change
WOMEN IN LEADERSHIP CAN BE GAME GHANGER FOR INCLUSIVE FUTURE OF WORK
BREAKING FREE FROM THE STEREOTYPES IN THE INSURANCE SECTOR, PAMELA THOMSON-HALL SHARES HER JOURNEY OF BEING A CHAMPION FOR WOMEN AND BRINGING ABOUT A CHANGE IN A MALE-DOMINATED INDUSTRY
