Skills, and how fast employees and companies can learn, are quickly becoming the competitive advantage — and the biggest risk. This is why 80 percent of executives say they are worried about the availability of key skills when it comes to competing in the future. (PwC 21st Annual Global CEO Survey, 2018) And this is why talent development centered on skills and experiences needs to be a priority for us all.
According to Work Institute's 2017 Retention Report, career development was both the most common reason people left and stayed with an organization. In a tight labor market, the ability to demonstrate that you have systems that promote ongoing career development is a key differentiator, especially for top talent with the skills you need. The easy solution: competency models.
So how do you track self-directed learning? What you really want to track is the combination of: what did a person choose to pursue for professional development, did they follow through with it, and most importantly, did their skills and results change as a result? That’s the language of business leaders.
When you have a role that is pretty unique to your organization, or the nature of how your organization executes a function is what drives your competitive advantage, a standard capability framework may not suffice.
Some experts are predicting a recession to hit the US by the end of 2022. Some say we’re in a recession already. History tells us that downturns often mean more pressure on companies’ sales teams to produce more. For global companies with far-flung sales reps, some of which may be independent contractors, economic downturns pose compliance risks.
Do you know what skills you have in your organization? Did you know that Sam in finance actually designs websites for his kids’ sports teams in his spare time? It may sound obvious, but knowing what skills your employees currently have, and at what levels of proficiency, is the essential first step in skill planning for the future.
The purpose of data visualization is to help make people aware of a situation and motivate them to take action. It is a way of influencing people to support your recommendations. It is much more compelling to tell the story and let your audience draw conclusions than if you make recommendations.
