Internal mobility and upskilling are essential components to creating meaningful work. Not only are employees able to learn new skills and advance their own careers, but these opportunities also help them feel more connected to the organization’s mission.
That’s why internal mobility and upskilling are critical to employee retention – especially considering today’s tight labor conditions.
The global labor shortage has impacted hiring strategies, and employers are re-evaluating how they access talent and the skills required for their organizations to get work done. More roles require technical or digital skills, and this is changing at an unmatched pace. In the top quartile of jobs, 76% of the top 20 requested skills have changed since 2016. With fewer qualified candidates available for open positions, companies must focus on retaining their current employees and providing them with the necessary skills and training to succeed in their current roles and develop their careers. The World Economic Forum projects that 40% of workers’ core skills are likely to change by 2025, and 50% of employees will need reskilling as well.
Workers know this, too. As the future of work continues to evolve, employees will continue to prioritize their personal development.
