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Using Skills as a Currency to Future-proof the Workforce

Guide to an Effective Skills Gap Analysis

Written by HRCap, Inc.

September 1, 2022

The COVID Pandemic has accelerated the digitalization of companies across the globe and strengthened the urgency for highly sought after technical skills. Many companies now view skills as the new currency and heavily invest in market intelligence to anticipate future trends that will inevitably change the necessary skill sets.

Leading organizations understand that they need to build a workforce that is readily skilled at leveraging technology and leading data-driven strategies. However, according to the 2021 AIHR’s study, only 41% of 5,648 HR practitioners are technologically savvy with data literacy to improve efficiency and business value. According to the 2021 WeForum research, 66% of workers believe they need to gain new skills to stay employable in the years ahead. Additionally, 2022 Workplace Learning Report from ­LinkedIn Learning shows that 60% of learning and development professionals view “upskilling and reskilling” as a top priority.