As we move from the peak hiring season into the peak onboarding, training and overall gearing up season, are your talent development processes optimized to meet the task at hand?
When corporate training started rising to prominence in the 1970’s, companies began to see how technology would evolve the way that workers, well, worked. Games like The Oregon Trail showed that times were changing, and new skill sets were going to be needed as technology and computerization advanced. As technology has continued to change, a skills gap has emerged in relation to its rapid growth. The average shelf-life of general learned skills has shortened to four years and more technical skills are to two and half years.
General skills, once considered enduring, now have an average lifespan of just four years, while more technical skills fare even worse, lasting only about two and a half years on average. This alarming trend underscores the urgent need for organizations to adapt their talent development strategies to keep pace with the rapid evolution of technology and ensure that their workforce remains equipped with the relevant skills to thrive in today’s dynamic environment.