How HR Technology Is Transforming Employee Training Programs
Technative, Monday, July 31,2023
In today's digital age, every company wants to invest more in the education and training of their employees to close the skills gap in the industry.
Did you know there is a huge skill gap in the job market? It's not that jobs are not available in the market, there is a shortage of skills required for the job.
According to a Korn Ferry study, published in Forbes, by 2030 all boomers will have left the job force and 85 million jobs will be left open.
Hence, there will be a huge gap open for highly skilled jobs which the newer generation has to be trained to fill it. Otherwise, it can cost $8.5 trillion in revenue lost.
Companies seek to align candidates' goals with their own to boost employee morale and gain greater competitive advantage by providing them with the skills and knowledge they need to persevere.