Bridging the Leadership Skill Gaps

In today’s rapidly evolving technological landscape, employee training has become more critical than ever. Over the past five years, organizations have shifted focus from developing leaders to managing employee turnover, regrouping after the pandemic, and addressing supply chain disruptions. This shift has exacerbated the growing skills gap, resulting in a significant loss of knowledge capital due to retiring workers, high turnover, and a diminished focus on leadership development.

According to the World Economic Forum, 44% of core skills will change in the next five years, underscoring the need to focus on both technical and human-centric skills. As automation and AI continue to take over more technical tasks, the importance of competencies like communication, leadership, setting expectations, holding people accountable, emotional intelligence, and teamwork has never been more urgent. In fact, based on LinkedIn Learning 2024, the demand for these durable skills is expected to grow by 50% in 2024. Despite this, the HR Trends Report for 2024 have identified that basic leadership skills remain underdeveloped, with proficiency levels as low as 24%.

To bridge this gap, organizations must prioritize upskilling and reskilling efforts to build a future-ready workforce that can adapt to change and retain top talent. ASTD (American Society for Training & Development) research shows that companies investing in robust training programs see direct financial benefits, including a 24% higher profit margin compared to those with minimal training budgets. This learning can happen virtually with engaging technology, experiential activities, and application relatable to the workplace. Beyond just boosting skills, effective virtual or blended training programs improve employee performance, increase productivity, and reduce turnover—factors that significantly contribute to greater profitability and overall organizational success.

Investing in or creating high-quality virtual/blended training is not only about building a more skilled workforce; it is also crucial for fostering job satisfaction, creating a sustainable cycle of growth for both employees and employers alike. At this session, learn about new technology and new approaches to ensuring learner engagement, closing the skills gap, and retaining top talent.

Glass of Learning Inc. are an award winning organization that design and deliver custom learning solutions for a manufacturing audience. We have won 22 international awards for our leadership programs.