Source | www.hrkatha.com | RK News Bureau
‘Learning is a treasure that will follow its owner everywhere’, goes a Chinese proverb. This is very much applicable and significant in today’s scenario. With the changing times and continuous development in technology, upskilling the workforce is not just a ‘tick in the box’ activity anymore, but has become a real business need!
According to recent industry reports, the gap between India’s talent demand and supply in 2021 is expected to be around 140,000 in niche technology skills, such as artificial intelligence (AI) and big data analytics. The 22nd Annual CEO survey by PwC also suggests that 55 per cent of CEOs felt that limited availability of essential skills does not allow them to innovate in business processes.
Reading these stats and reports, it is very much understandable that investing in upgrading the skills of our employees is the way to go forward and is the key to stay relevant in the market.
Another challenge in learning and development (L&D) is the upcoming generation, that is, Gen Z!
We can refer to a number of studies and researches, which say that Generation Z wants to learn and upgrade their skills for career advancement. According to a Delloite survey, more than 40 per cent of Gen Z consider on-the-job learning to be more valuable than what is taught in universities as workplace skills.