Workforce Reskilling and Talent Development

A strategic approach to developing skills across the workforce is essential to manage the uncertainty of new roles and capabilities. Creating aligned systems between technology, people, and skills with a focus on innovation and adaptability will allow organizations to create and implement long-term solutions for their workforce.

Why Reskilling Is Becoming a Boardroom Issue

The rapid pace of technology has created an environment where organizations must respond quickly to changes in their workforce through the use of innovative reskilling strategies that may involve investment in training and development of employees. To ensure the success of reskilling, organizations must understand the gaps between their current workforce and the future workforce that will be created by advances in technology.

In the past, reskilling has been an HR initiative; however, organizations are beginning to realize that reskilling is now a strategic opportunity for growth. Organizations that invest in structured reskilling programs are typically faster to adapt during disruptions, which can create significant opportunities for organizations.

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For example, a telecommunications organization may reskill field engineers to manage digital networks instead of just physical networks, thereby enhancing the capability of experienced employees rather than replacing them.