Companies Urged to Take Skills-Based Approach to Workforce Planning for the Future
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As technology advances quickly, companies need to shift from managing talent based on rigid job descriptions to taking a skills-based approach instead. This means seeing employees as a bundle of adaptable skills rather than a fixed role.
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Organizations should start by fully understanding the skills they already have within their workforce before determining if and where there are gaps that need to be filled.
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It's critical to predict what skills will be needed in future years and plan ahead accordingly through workforce planning efforts, with the help of expert analysis.
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Companies should invest in reskilling and upskilling existing employees into new, future-ready skill sets instead of solely hiring and firing.
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Taking a skills-based approach to managing talent has been shown to make companies more efficient, competitive, and better able to adapt to change.