In today's ever-evolving business landscape, the success of organizations hinges on their ability to adapt and innovate. One critical challenge that many organizations face is the widening gap between the skills their workforce possess and the skills required to stay competitive. This gap is setting some organizations back 5-7 years behind their competitors who have gained wisdom about their workforce. 

Skill shifts continue to accelerate, with the total number of skills required for a single job increasing annually at greater than 5%. One third of skills listed on today’s job postings won’t be needed in 2024. The World Economic Forum estimates that half of all employees will need reskilling by 2025, while closing the global skills gap could add an estimated $11.5 trillion to global GDP by 2028. Some organizations continue to value job experience over demonstrated skills and potential, while others regard skills as critical to defining work, deploying talent with agility, managing careers and valuing employees.  

There is an opportunity for collective action to strengthen reskilling and upskilling initiatives. Imagine what we can do if every one of us can play a role in this conversation in our organizations. During this session we will share reasons and examples for how to measure and gain richer and deeper insights about the skill gap. This presentation will explore:

• Learn how to conduct a comprehensive assessment of your organization's current skill set and identify gaps. 
• Gain insight for how to ensure curriculum and learning plans are designed for upskilling your workforce. 
• Understand the role of technology in identifying, closing, and preventing skill gaps, using automation and data analytics.