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Execs face skills crisis: 2/3 CxOs lack the skills needed to reinvent

Executives’ inability to skill their workforce is their top barrier hindering growth. Many struggle to bridge the skills gap with only 5% providing gen AI training despite high demand.

Our research shows that 94% of workers are ready to learn new skills but only 5% of organizations providing training. That 89% skills gap is alarming, but addressing this issue can unlock an 11% productivity boost and $10.3 trillion in economic value by 2038. Prioritizing talent and HR transformation is crucial for growth, innovation, and maintaining competitiveness in an evolving landscape.

DATA

50%

time reduction in content localization when Talent Development & Learning is powered by AI

40%

increased productivity in learning operations because of personalized, adaptive, and immersive learning experiences

80+

points for employee NPS (net promoter score) due to Improved employee experience

How talent HR is changing

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AI is Bridging Skill Gaps for Future-Ready Workforces

Businesses are evolving to bridge skill gaps by integrating technology and human experience, focusing on leadership and culture development, investing in global capability centers (GCCs) and redesigning operating models. The talent strategy focus can enhance productivity, drive innovation and create a life-centric employee experience, ensuring organizations remain reinvention ready.

AI and Tech are Solving Talent Shortages

Executives supported by CHROs are tackling talent shortages by integrating AI and technology, transforming leadership and investing in GCCs. These strategies aim to enhance productivity, foster innovation and improve employee experiences, ultimately unlocking substantial growth potential and maintaining competitiveness in a rapidly evolving business landscape.

AI Creates Strategies for a Future-Ready Workforce

Executives must develop a future-ready workforce. Despite high worker readiness for AI skills, few organizations offer training. Embracing new leadership, investing in global capability centers, redesigning operating models and transforming HR are key strategies. Leveraging technology to prioritize the employee experience and change management can enhance productivity and competitiveness.

Generative AI and Human Synergy Supports Future Workers

Businesses are embracing generative AI to address the skill gap and enhance productivity and employee experience. However, wiith only 5% providing large-scale AI training, there's still a significant skills gap. Investing in GCCs, transforming HR and adopting a life-centric employee approach are key strategies for improving innovation, growth and employee experience.

Leadership Focuses on Global Centers for Talent Strategies

One way to solve the skills gap is by investing in GCCs and developing leaders to improve work experiences. By integrating data, technology, functions and people, leaders can boost productivity and innovation, while adopting employee focused experiences to enhance retention and engagement.

What you can do

Empower HR with innovative tools to enhance talent development, boost productivity, and create a workforce ready for future challenges. Invest in technology and data integration to stay competitive and drive growth.

Revamp your organizational structure to remain agile and responsive. Foster a culture of continuous learning, invest in technology, and streamline processes to ensure resilience and sustained growth in a dynamic business environment.

Investing in GCCs helps organizations access top talent and drive innovation, ensuring a competitive edge and fostering growth in a rapidly evolving business landscape.

Enhance leadership skills to foster an innovative culture, guiding leaders to elevate daily work experiences and unlocking human potential. Invest in development programs, mentorship and continuous learning to drive growth and employee engagement.

Recognize employees as whole individuals and create personalized experiences using real-time data to boost engagement, retention and overall employee satisfaction.

Equip your workforce with reinvention-ready skills, tools and capabilities to drive innovation, productivity and sustained growth, ensuring your business stays ahead in a competitive landscape.

Talent HR partners

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Our leaders

Irene Blecher

Global Talent & HR Business Lead for Managed Services

LinkedIn

Bradley Nelson

Development Director – Operations

LinkedIn