One of the most critical roles of the CEO of the future is to understand how their business is going to change and to proactively consider how they can upskill their workforce accordingly.
Our business leaders are looking for other ways to fill the skills gap, such as reskilling talent for today’s work, and also equipping employees to embrace continued learning for future changes.
We suggest these 6 steps to help our business leaders reshape today’s workforce:
- Assess external disruption: decide which mega trends, industry changes and new and emerging technologies will shape tomorrow
- Align business strategy: ensuring that automation and digitisation opportunities support the business strategy and help shape a view on where the business needs to go and what capabilities are required to deliver that strategy without swamping the strategy
- Design a future fit workforce and workspace: identify which tasks are going to be impacted by automation or other tech, the implications of that for jobs and then assess how to evolve the culture of the organisation to respond
- Identify and close the skill gaps: find the balance between reskilling, upskilling and repurposing versus bringing in new skills, technology and knowledge as roles change and the demands on workers shift
- Use data and analytics: drive better decision making and leverage new and emerging technologies
- Implement: embed new structures, technologies, environments, skills, ways of working, management and governance to deliver the strategy and achieve the vision and purpose of the organisation
CEO Sara Caplan recently outlined the need for educators and businesses to build a pipeline from the classroom to the workplace, so that the skills being taught today match the skills we will be demanding tomorrow.
Collaboration is vital to close the gap between the current and the future-fit workforce, though 58% of respondents suggest the government should be doing more to train STEM professionals (APEC 65%).
Employers can become active partners with educators and CEOs can have a say in what skills are being taught to address the current shortfall. Equally, they are responsible for being part of the skills solution, too.