Private companies rise to reskilling

The speed of technological change in the workplace has caused many organizational leaders to examine how their teams adapt and learn for future growth. One key way private companies are adjusting to this new reality is by actively confronting the skills gap in their factories, offices, studios, and shops.

The reskilling of workers was the No. 1 approach for executives pushing to augment their workforce through technology, according to Deloitte’s 2018 survey of mid-market private company leaders on technology trends. Executives also cited the hiring of new talent and the redesigning of jobs for better human-machine collaboration as popular ways to boost competitive advantage through technology.

The survey responses come as workers experience some of the most favorable economic conditions in recent history. In the first six months of 2018, U.S. companies added nearly 1.3 million jobs, the strongest showing in three years, and 92 percent of survey respondents were optimistic of the business outlook over the next 12 months.

Yet, as the organizations in our survey enjoy the progress of economic expansion, the trends put a spotlight on the need to prepare workers for major shifts in the workplace.

Click here to read Chris Jackson’s complete article published on the Biz Journals website.

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