The skills gap crisis: How to future-proof your business

It is said that by 2030 there will be a global human talent shortage of more than 85 million people. This talent shortage will have a significant impact on your organisation.

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The skills gap crisis: How to future-proof your business
February 24, 2021
The skills gap crisis: How to future-proof your business

It is said that by 2030 there will be a global human talent shortage of more than 85 million people. This talent shortage will have a significant impact on your organisation. In fact, it’s said that this shortage could result in $8.5 trillion in unrealised annual revenues. So ensuring your organisation is future-proofed against the looming skills gap crisis should be a top priority.

So how can you keep your business safe from the looming skills gap crisis?

As the fourth industrial revolution takes hold, the skills gap crisis is inevitable. So now is the time to ensure your business is ready and resilient for the changes in store. Although you may think the best way to overcome the digitisation of the workplace is to invest in new technology, you must first invest your resources elsewhere: in your people.

Develop a talent strategy focused on soft skills

Learning and development must become a priority in your business, not just a nice-to-have. To overcome the skills gap crisis, your people will need to enhance their soft skills. You need people that are agile learners, resilient to change and have a real growth mindset. Therefore the very first action you should take is to craft a plan to nurture these soft skills in your people. Create a people-first talent strategy that truly changes behaviours in your organisation and instills a culture of embracing change, rather than resenting it.

Empower your people

The same way a plant can’t grow without being watered, your people won’t develop if they aren’t nurtured. Training is only one half of the challenge. Allow your people to apply their new skills in the workplace. Empower your managers to identify potential within their teams and nurture it. Allowing them to recognise their importance in future-proofing your organisation; and your employees to feel psychologically safe in their roles.

Create a culture of learning

In order to implement the last two steps of creating a future-proofed workforce, you need one key thing within your organisation: A strong learning culture. It is important to create a supportive environment for learning, which allows your people to adapt and respond to challenges in an agile and effective way. However, only 36% of L&D practitioners say they believe their organisation has a positive culture for learning. So how can we create a culture where your employees embrace continuous learning?

There are many ways in which you can foster a learning culture in your organisation, such as extrinsic rewards, provision of feedback and leading by example. But here at Stellar Labs, we believe that an effective learning culture starts with one thing: effective learning. Developing learning programmes that will create real change within your people will not only benefit your business for the skill at hand. But it will also demonstrate the true benefits of learning to your people, fuelling their passion and drive to continue learning long into the future.

How brain-friendly training will help you overcome the skills gap crisis

By improving your employees’ ability to endure change and embrace growth, you are ensuring that your business stays relevant and resilient. So it is vital that the training you provide creates real, long-term impact on your people. Brain-friendly learning is scientifically proven to do just that. This science-based methodology focuses on achieving long term knowledge retention and skills mastery by using cutting edge, evidence-based techniques.

You know your people need the soft skills that will make them resilient to the change that will inevitably come over the next decade. But simply providing reams of learning content will not create the impact you need. You need to think of the bigger picture, and create learning programmes that truly impact performance and behavioural change. So, you need to choose brain-friendly training. The process of future-proofing your business begins now, are you ready?

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