- Skills required for organizational success will constantly change to adapt to a world that is volatile, uncertain, complex, and ambiguous (referred to as “VUCA”).
- There will always be a skills gap to some degree. Organizations must plan ahead as best as possible to adequately prepare for this gap, especially in a VUCA environment.
- As baby boomers retire, they are likely to take essential skills with them.
Need Extra Help?
Speak With An Analyst.
- Get on-demand project support
- Get advice, coaching, and insight at key project milestones
- Go through a Guided Implementation to help you get through your project
Our Advice
Critical Insight
- Lack of clarity around key skills creates a vicious cycle: talent shortages are addressed by hiring externally, but external hires often lack the skills required to meet organizational needs. This results in a perpetual skills shortage with no clear idea of how to address it.
- Don’t create a skills inventory if you aren’t prepared to maintain it in the long term. The more accurate it is, the more value it provides.
Impact and Result
- Mass retirement paired with rapid organizational change demands an adaptable workforce and a comprehensive, well-aligned skills inventory to proactively address these issues and boost competitive advantage.
- A skills inventory provides data to boost competitive advantage by:
- Proactively combating the projected gap to prevent business interruption or a lag in productivity
- Enabling better use of internal resources through assessment of workforce skills
- Placing a greater focus on key skills aligned with organizational goals to allow for targeted development efforts
- Increasing efficiency of internal practices, e.g. workforce planning, talent acquisition, and learning & development