Raffaella Sadun
Professor of Business Administration, Harvard Business School
the future-proof workforce series: EP. 1 of 3
Recognize the Skills Gap:
Retraining to Retain Talent
and Culture
February 29, 2024
82%of companies identified skills as a priority in 2024
54%of companies are increasing their investment in skills this year
2023 saw record-breaking layoffs, yet also record-low unemployment, impacting culture, institutional knowledge, and companies’ bottom lines. In 2024, a thoughtful people strategy is crucial for attracting, retaining, and growing talent. So, how are companies responding?
As work evolves, reskilling has quickly become the fastest and most cost-effective way to maintain a competitive advantage and provide more career development opportunities for talent. A skills-based approach to workforce planning also offers better visibility into the employee population and a more sustainable long-term approach to talent management. As a result, according to Aptitude Research’s 2023 2H HR trends report, 82% of companies identified skills as a priority in 2024, and 54% of companies are increasing their investment in skills this year. Is your company on board?
In this episode, we’ll discuss:
Why investing in current employees helps preserve corporate culture, increases engagement, and reduces hiring costs.How companies are empowering teams to recognize their own shifting skill needs and engage proactively with HR leaders to access the training solutions they need.The ways reskilling programs are strengthening multigenerational teamwork and collaboration.
Workhuman Spotlight is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP or SHRM-SCP. By registering and attending this episode, you are eligible for 1 SHRM PDC.
Speakers stepping into the spotlight
The future of work is ever-changing and you need to keep up in order to stay ahead. Radical changes in technology, work models, and employee sentiment have all crossed into uncharted territory. With this Workhuman® Spotlight Series, we’ll talk through how HR can adapt to the new world of work.
Recognize the Skills Gap
The ever-evolving future of work demands you keep up or get left behind. Join us for candid conversations on how to stay ahead to thrive long-term.
Artificial Intelligence and the Role of Humanity in HR
AI and automation are just getting started. Get up to speed on how this new era will impact HR – and how you can use it to your advantage.
Total Wellbeing
Wellness at work is more than job satisfaction; it affects your bottom line. Hear how it impacts workers and learn what tools you can leverage to improve inequity, absenteeism, and turnover.
Register now
Hear from our fans
"Thank you for this episode, it was really informative and encouraging, especially discussing the future of the work force regarding company, management and employee relations."
"The conversations during this event gave me so much to think about and I'm looking forward to further discussion with my team."
"Very insightful, resourceful information that will assist in the growth of retention."
Frequently Asked Questions
Workhuman Spotlight is a first-of-its-kind talk show series for leaders and HR professionals. No filters. No script. No nonsense. Just straight-up straight-talk on the HR topics most important to you.
Workhuman Live
Join HR practitioners, organizational leaders, culture-shapers, and visionaries for a transformative 3.5-day event dedicated to championing the importance of humanity in the workplace.
The Ultimate Guide to Employee Wellbeing
So, what can your organization do to foster employee wellbeing, creating the right conditions for your people to thrive? What can you do to provide your employees with opportunities to learn and grow, to build their strengths, and to unlock their full potential? Read on to discover more about wellbeing, with insights and analysis from Gallup and Workhuman’s latest research.
Empowering Workplace Culture Through Recognition
When organizations understand and activate the power of recognition, they cultivate strong cultures.