The true cost of an organisation’s workforce is measured by its impact on productivity. This includes not only hiring and development costs, but also the opportunity cost of missed production or delivery of services, and the hidden costs of lowered quality.
As talent demand continues to outstrip supply and a digital skills shortage is exacerbated by one-third of the UK’s ‘digitally literate’ workers being unable to even complete a single digital skill, it is not surprising that businesses report their number one impediment to growth is a lack of skilled talent. Unfortunately, poor planning, low investment, weak programme engagement and high dropout rates also mean many organisations see little ROI on internal training programmes.
Why this guide?
Business leaders and senior HR personnel need accurate labour market intelligence to make talent decisions in a hypercompetitive labour market. When the shortage of available talent is insufficient to meet demand, and hiring alone is no longer a solution, business leaders must develop and reskill the valuable workers they already have. The Talent Solutions Ultimate Reskilling Guide 2023 provides data, insights and unique tutorial explanations to support businesses leaders as they grow their talent pool from within.
How to build your optimal workforce from within
- Why reskilling is a viable alternative to more hiring
- Factors that make reskilling essential for success
- Core reskilling actions and how to create a winning strategy
- A seven-step guide to reskilling your workforce
- Real-world reskilling success stories to inspire
To know more about reskilling your workforce in 2023, download the full report!