Randstad Sourceright Finds Reskilling and Talent Fluidity Are Critical to Business Success
2020 Talent Trends Report Reveals Both Organizations and Talent Seek Digital and Soft Skills to Expand Business and Career Opportunities
As automation continues to disrupt the world of work, upskilling and reskilling will be key to evolving the competencies of workers in order to complement technological innovation, according to the 2020 Talent Trends Report released today by Randstad Sourceright.
The report found that as many employers (66 percent) plan to provide training and reskilling for artificial intelligence as those who plan to develop workers’ soft skills (60 percent). The employer responses mirrored those of talent in the company’s 2019 research; where the most sought after skills included both technical capabilities (43 percent) and soft skills like communications (41 percent).
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Human capital professionals also recognize that talent fluidity – the ability of workers to mold their skills to adapt to automation, digitalization and other changing needs of their organization – will be critical to the future of work. Yet while 91 percent of human capital leaders believe that it is their company’s responsibility to provide reskilling to meet business needs, only 22 percent are currently providing training or reskilling to existing employees to help address talent scarcity, and nearly one-third of respondents who said they intend to offer reskilling said they aren’t sure how to do so.
“Digitalization has changed the way we work and has redefined the skills that are most important for employees to possess,” said Rebecca Henderson, CEO of Randstad global businesses and executive board member. “Yet while employers have acknowledged that it is crucial for their businesses to reskill staff to keep up with changing technology and bolster the soft skills that only humans can possess, it is troubling that so few companies are currently offering this necessary training.”
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Based on a survey of more than 800 C-suite and HR leaders, the 2020 Talent Trends Report provides a global snapshot of how talent leaders are uniquely positioned to make a significant impact on business performance by adjusting their talent strategies in the face of technology, shifting business priorities and the evolving talent landscape.
In addition to AI and soft skills, companies also plan to train existing employees in analytics skills (59 percent), technical capabilities (57 percent), and cloud computing (54 percent). Thirty-eight percent of respondents view reskilling as an important measure for redeploying talent who are at-risk of losing their jobs due to automation.
Randstad Sourceright is a global talent solutions leader, driving the talent acquisition and human capital management strategies for the world’s most successful employers.
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