The skills training marketplace is quickly becoming the most important focus area for growing organizations. People all over the world are starting to look for more meaningful connections with their work, job fulfillment, and real opportunities for career advancement. This change has shaken up entire job sectors, with a sudden need to rehire, replace, and retrain employees to fill new roles.
Meanwhile, the need to train new skills and adapt training on the go has skyrocketed. A recent study by Gartner found that nearly 1 in 3 skills needed for a job in 2018 will not be needed by 2022. But this growing trend has only intensified with the advent of remote work, digitalized workplaces, and shifting consumer demand.
All this means it’s more important than ever before to have a skills strategy in place for your organization. Understanding what skills you have on hand in your talent pool, and what skills profiles you may be missing, is vital to the success and growth of your organization.
Getting a skills overview can feel like a huge challenge. HR leaders and employees alike can struggle with using the right words to describe skills, or even business titles. In the last few years job titles have changed at an extraordinary rate. Your Head of Communications may now juggle a whole list of additional roles and responsibilities along with their Social Media Coordinator, Digital Marketing Guru, and an Agile Team Coach.
A creative approach to business titles and agile movement between responsibilities is a hallmark of modern organizations with a strong focus on culture, so it’s important that your business overview is just as flexible.
So let’s break it down. A huge problem facing business leaders today is how to gain insight into what skills they have in their organization. Understanding this is key, not only because the demand for skills is growing, but also because it’s an essential step to ensuring the stability of your business for the future.
The first step you need to take to uncover the skillsets in your company is to create a skills map. This organizational overview gives you a crystal-clear view of the skills within your company. This can include insights on a departmental level, as well as individual roles and responsibilities.
Once you have this overview, you can start to see where you might be lacking skills profiles, which areas need training and investment, and where you might be vulnerable to future disruption.
Luckily, that’s where solutions like eloomi step in to help. Our Skills product is built on innovative analytics from Emsi, a labor market data company who have spent the past two decades developing new tools to understand the way we work.
Their research has hit on the same problem, time and time again. The issue of skills taxonomy: What do we call the skills we have? What are employers calling them? And how can we be sure that we’re speaking the same language?
Understanding the network of job skills, titles, and their interconnections just twenty years ago was an enormous challenge. Now, with the rise of hybrid work, new organisational models, and the pandemic shakeup, change is accelerating at an unprecedented rate.
Emsi have sourced a library of 75,000+ job titles and 30,000+ skills, condensed down from hundreds of millions of job postings. Best of all, their database is open, updated ongoingly, and carefully curated by people who understand the industries they deal with.
This makes setting up business titles and related skills in eloomi a simple, intuitive process that grants insight into talent pools throughout your organization. It’s not easy to stay ahead of global shifts in the way we work, but with Skills, you unlock organizational insights, the tools to enact change, and the power to deliver long-term development planning, all in one simpe solution.
Speaking the same language when it comes to skills isn’t just about convenience. It empowers organizations to gain true insight into their structure, trajectory, and potential to grow.
Employees want skills training at work. The data speaks for itself. LinkedIn Learning found that 76% of Gen Z learning believe learning is key to a successful career, and it isn’t just a phenomenon linked to new generations, with two-thirds of people aged over 45 prepared to spend a significant amount of time learning new skills.
So, if the motivation is there, why do L&D professionals often struggle to get employees engaged with upskilling and reskilling initiatives? The answer is deceptively simple.
Training needs the right motivations. Everyone wants to improve at their job, but it can be hard to connect the dots between your role and the skills you’re invested in honing. This is where a solid strategy can power motivation, not only matching job roles with concrete skills that provide real value, but also empowering employees to consider personal talents and interests that drive them to engage with training.
Learning needs to be relevant. Just as employees need to see the value of training, the learning they receive needs to be the right fit for their role, experience, and expectations. Connecting employees with tailored training is exactly why eloomi draws on more than 200 industry experts to provide best-in-class content, and uses our intuitive solution to match employees with training that’s right for them.
Focus requires time. Even when upskilling is available, it can be difficult for employees to feel they can prioritize taking the time to learn during the workday. This is where having a strong culture of learning in the office really shows. People need to feel empowered to upskill at work and to take time to become stronger, more valuable employees, in a very real sense.
Knowing this, it’s crucial to nail your skills strategy. Because offering valuable training to your employees isn’t just about expectations; it’s a trusted approach to setting organizational goals and developing the right skillsets to stay agile in a changing market.
According to PwC, 74% of CEOs said that a lack of availability of the right skills is a concern, and with the demand for new skills only increasing. And this is just as true for HR and L&D leaders as it is for employees. This means that to stay competitive, businesses need an effective company-wide skills strategy.
Investing in building up your organizational knowledge is hugely beneficial for any business. Starting with a solid foundation of training and knowledge sharing allows businesses to hone talent within their organization. It creates a consistent flow for new hires as they go through onboarding, as well as forming a refresher for existing employees who may have more to bring to their role with a renewal of interest.
In addition to engaging employees and building new capabilities, having a skills strategy in place can help you identify leadership and management potential in your employees, looking beyond performance by examining the skills potential and passion of employees who might otherwise be overlooked.
Promoting skills building in your organization also drives employee retention. According to The State of L&D Report, 76% of employees agree that they are more likely to stay with a company that offers continuous training. And this trend has only continued with hybrid workspaces and the need for businesses to find new ways to connect with their teams.
Taking time to plan skill-building initiatives can feel like a big investment, but it’s one which pays off three-fold with a united company culture, employee engagement and retention, and stronger teams working across departments to deliver results.
Understanding the network of job skills and titles was an enormous challenge just twenty years ago. Now, with hybrid work and new organizational models, change is accelerating at an unprecedented rate.
The best learning approach is one which inspires employees, draws teams together, and drives business goals. It’s not just about understanding what skills you have in your organization, but also unlocking the tools to provide long-term people development to build a stronger organization.
So, as you start to plan your upskilling strategy, keep these key takeaways in mind:
Think big picture. Advances in HR tech now make it easier than ever to get an overview of your organizational structure, the different roles people fill, and the skills associated with their areas.
Go digital. Learning is a challenge when it isn’t available on-demand. And this factor has only grown more pressing with the rise of the hybrid workplace. With employees working from home or needing remote access to company platforms, it’s essential that skills training is accessible whenever, and wherever, you need it.
Support employees. Ensure that managers and teams are in the loop on your upskilling process. It’s important that employees feel enabled to access learning at work, and one of the best ways to promote this atmosphere is to have managers who are there to listen to employees and give them the boost they need to grow and improve in their roles.
Learn in teams. Just as managers should be involved, colleagues and teams can work together to create a true atmosphere of learning in the office. Whether employees are assigned training in groups, hold feedback and support sessions, or compete to complete courses, teamwork can be an invaluable tool to incentivize training and create a true culture of learning.
Use online resources. Take away the hassle of searching for the right content by connecting with an LMS that incorporates content providers and offers off-the-shelf courses from industry experts.
Try blended learning. Learning in the flow of work is here to stay, with employees breaking up their workday with microlearning and lesson enrichment to inspire and help them accomplish new tasks on the go.
Learning and development doesn’t have to be a logistical challenge. Discover what you can achieve with the eloomi Infinite Skills solution, giving you insight into the skills in your organization, connecting you with the right tools to upskill employees, and delivering true people development for the future of work. Re-power the skills in your organization today, with a new approach to nurturing talent and development.
HR Industry expert, Josh Bersin, has argued that businesses cannot hire their way into growth. This means that with growing skill gaps it’s all the more important to invest in existing training, but this is impossible without the right medium and the right content to support growth.
Alongside the growing need for upskilling and reskilling throughout industries, businesses have also been facing increasing difficulty in accessing and finding the right content to deliver meaningful employee training. L&D experts are faced with long provider qualification rounds, tricky research, and slow turnaround times to provide the content they need to deliver employee training goals.
That’s why eloomi has invested in not only a robust skills management system, but also in the Content Store: a fully integrated content library where users can access relevant content and instantly build a capability academy all within one, united LMS.
Learn more about the Content Store, with more than 75,000 courses from 200+ leading industry providers here and discover your next training initiative.
Skills training aims to help employees unlock their talent, develop new competencies or upgrade existing ones. Skills training includes various learning methods to improve both hard skills and soft skills.
The main soft skills, also known as power skills, are the ones related to Communication (like Active listening, Conflict Resolution, Empathy), Work Ethics (like Time Management, Punctuality), Leadership (like Decision Making, Team Management), Problem Solving, Creativity, Teamwork, and Adaptability.
The future of soft skills will mainly focus on Emotional Intelligence, Critical thinking, Innovation, IT automation, Cybersecurity, and Data Analytics.
Hard skills are the technical competencies required to achieve specific tasks and they are easy to quantify and evaluate. Hard skills are based on previous training and education, so they are considered the main foundations of degrees and certifications. An example of hard skills can be computer programming or proficiency in a language.
Skills are divided worldwide into three main categories or types: transferable skills, knowledge-based skills, and personal traits skills.
A skills map shows all the abilities possessed by an employee or more employees. Skills mapping is a process of identifying and visualizing in one single representation the competencies of an individual or a group. It aids in understanding possible skills gaps and analyzing what is required to achieve a specific task or project. Skills mapping works to fulfill a given role and enhance people development.
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