There are three major shifts in today’s workforce that are creating new challenges for business leaders. Fortunately, these challenges all have one thing in common. They can be solved by investing in human capital transformation to train the new global workforce.
The increased use of automation and advances in information technology have changed the kinds of jobs that are available. New roles are focused around social skills and talent management. This shift has created a huge demand for soft skills.
Unfortunately, there are not enough employees in the current workforce that have the skills needed to keep up with this demand. In fact, in a recent survey it was found that more than half of business leaders reported that soft skills were the top skill they need employees to develop.
The skills gap isn’t the only challenge disrupting workplaces today. Millennials and Generation Z are quickly becoming the two largest generations in the workforce. These generations have different needs and expectations of their employers than their predecessors. These groups value flexibility and opportunities for growth more than the generations before them.
Another defining characteristic of these generations is that they change jobs more frequently and seek out roles at organizations that will invest in them. According to LinkedIn’s 2018 Workforce Learning Report, 93% of employees would stay at a company longer if it invested in their careers. This has increased turnover rates across almost every industry.
High employment rates have also created a new challenge for today’s employers. According to the Bureau of Labor and Statistics, the employment rate is currently the highest it has been in years. Many organizations are not able to find local talent to fill essential roles at their organizations. This has been one of the largest contributing factors to the growing global workforce.
Many companies have begun to hire more remote and contract workers to keep up. However, they are still working towards improving the efficiency and productivity of distributed teams.
Investing in human capital transformation will help your organization overcome these challenges, improve employee productivity and increase employee retention rates giving you a competitive advantage.
Human capital transformation is the process of helping your employees reach their full potential. This can be done by providing your employees with training programs that are customized to meet the needs of your global workforce.
Human resources teams often struggle to provide globally dispersed teams with engaging learning experiences that improve their skills and boost productivity. Investing in a custom employee training program will ensure that it focuses on removing training barriers for remote workers and distributed teams. The global workforce needs training that is, personalized, easy to access, provides industry knowledge and is mindful of cultural differences and diversity.
Providing training programs that are tailored to meet the needs of the global workforce has become essential for success in today’s competitive market. Check out this case study to learn more about how Infopro Learning helped a leading global media company develop training for their distributed sales force.