Right now, there is a huge skills gap in the workplace

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Many companies still struggle with the aftermath of the Great Rectification.

According to Wiley’s Closing the Skills Gap report, nearly seven out of ten human resource professionals believe that their organization is lacking in skills. These concerns are increasing. This concern is growing. In 2021, 55% of the HR and recruiting employees polled reported it. Sixty-eight percent of C-suite executives admit that their organizations are experiencing a skills shortage, compared to 60% in 2021. Unsurprisingly, 69% of C-suite managers, which are typically those who deal with the retention and recruiting challenges, admit that they have to deal regularly with a workforce lacking the skills they need.

This is due in large part to the ongoing churn throughout the workforce. Although the U.S. saw a peak in workers leaving in December 2021 there were still 42 million workers who had left as of November . Companies are finding it increasingly difficult to fill key roles due to high turnover. Wiley’s survey revealed that 40% of respondents struggle to retain employees, 26% report not being able to hire enough qualified workers, and 32% report having difficulty hiring either.

Wiley’s findings reveal that many organizations are not equipped for this task. A staggering 40% of companies say they lack the resources to reskill and train their employees. A third of companies believe that their compensation packages aren’t competitive enough for the current environment.

Despite the fact that organizations are in trouble, this does not mean that there aren’t opportunities for workers. Many hiring managers seek a mix of hard- and soft-skills. This has changed more since the pandemic. According to the survey, around 50% of HR professionals believe that jobs now require more soft skills.

HR professionals were asked to name the most sought-after technical and hard skills. They cited project management, digital communication and strategic thinking as well as digital communication.

Managers said that they are looking for people who can problem-solve and manage time, and also have the ability to adapt to changes and lead.

It’s important to note that workers are faced with a challenge when trying to learn and showcase these skills. They have a shelf-life, so Americans might need to consider continuing education opportunities in order to keep their skills current. This is not an easy task.

Nearly half (47%) of the respondents to Wiley’s survey stated that technical and hard skills are only useful for two years. Only 18% of respondents believed that they could be useful for more than five years. According to 43% of respondents, the value of soft skills begins to decline within two years. However, 27% of respondents to the survey consider soft skills more stable and predict that they will last for up to five years.

This is the lesson. The lesson here?

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Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

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