LinkedIn’s 7th annual Workplace Learning report identifies the hardest-to-find technical and soft skills and emphasizes the value of proactively focusing on employees’ growth. The word “agile” has recently gained popularity in the corporate world, and becoming an agile organization needs developing more pertinent skills. Despite the recent wave of layoffs in big tech, 93% of firms are concerned about employee retention.
Developing employee abilities proactively, according to 89% of learning and development experts, will help workers adapt to the changing nature of the workplace in the future. Since 2015, 25% of employment skill sets have changed, and by 2027, that percentage will have doubled. Businesses are reorienting their talent strategy to put a stronger emphasis on skills, and learning and development leaders are essential for enabling staff to fill skills shortages, assisting with talent redeployment, and fostering workforce agility.
The vice president of talent development at LinkedIn Jingfang Cai’s research found that 82% of world leaders agree that the human resources function is more important than ever, and 68% of learning and development professionals assist businesses in navigating financial difficulties. Younger workers are more likely to prioritize professional development, education, and skill-building than work-life balance. This is important because what the typical employee wants and values now is radically different from what it was just three or five years ago.
Due to the strong effect of L&D, the budget prognosis for 2023 is “quite confident,” with 41% of L&D executives anticipating higher spending power and only 8% anticipating a fall in their budget.
