The Skills Gap is Real: Retrain Your Workforce with These 10 Skills

Recent quick advances in technology and The COVID-19 pandemic has had a significant influence on the employment market around the world, leading to mass firings, offshore hiring, and an increased adoption of innovative technologies. According to a study that was conducted by the World Economic Forum in 2023 titled "The Future of Jobs," these shifts will lead to the loss of 83 million jobs all across the world by the year 2027, while concurrently resulting in the creation of over 70 million new employment opportunities. Improving one's skill set is becoming increasingly important in this environment due to the quick change of pace. Because of the ongoing changes in the workforce, retraining and skill development are often required in order to close the skills gap that frequently stands in the way of business model modernization.

Employees are required to continuously improve their abilities and learn new skills in order to maintain their relevance in this fast-paced workplace. In this article, we will discuss the top 10 skills that companies perceive to be most in demand, with an emphasis on the value of both hard skills and soft skills.

Source: World Economic Forum, Future of Jobs Report 2023.

1. Creative Thinking

Companies in today's highly competitive business environment are actively looking for individuals who are able to think creatively outside the box and come up with original solutions to difficult situations. Employees who are able to think creatively and innovatively are in high demand, particularly in sectors of the economy that place a heavy emphasis on finding solutions to various issues.

2. Analytical Thinking 

The capacity to solve problems via the application of logical reasoning and other forms of critical thinking is referred to as analytical thinking. Employees who are able to properly analyze large amounts of data and convert that analysis into actionable insights are becoming increasingly important to their employers as companies acquire ever-increasing amounts of data.

3. Competence in technological matters

The swift progression of technology is transforming the workplace, making it important for employees to be able to handle complicated digital tools and systems. The capacity to modify one's behavior in response to newly introduced technology is becoming increasingly important as the use of artificial intelligence and automation continues to garner increasing levels of attention.

4. Curiosity and Lifelong Learning: 

Employees need to adopt a mindset that prioritizes ongoing education and development in order to succeed in today's fast-paced world. Employers place a high premium on individuals who exhibit traits such as curiosity and a readiness to gain new knowledge. This is because individuals with these characteristics are more likely to adjust to shifting conditions and keep up with the most recent advancements in their particular professions.

5. Resilience, Flexibility, and Agility:

The COVID-19 epidemic as well as rapid improvements in technology have brought to light the significance of resiliency and flexibility in the professional setting. Employers place a high value on employees who are able to quickly pivot and adapt to changing conditions. This is especially true for businesses that are prone to disruption.

6. Systems Thinking

Thinking about systems requires one to be able to appreciate the interconnection of the numerous parts that make up a system as well as how those parts function in conjunction with one another. This ability is especially helpful in professions that entail the management of complicated systems or procedures, such as the medical field, the logistics industry, or engineering.

7. Artificial Intelligence (AI) and Big Data

The use of artificial intelligence and large amounts of data is becoming increasingly widespread across a variety of sectors. Employees with experience in these technologies are in great demand, particularly in fields that largely rely on data analysis and predictive modeling. This is especially true in the healthcare and financial services industries.

8. Motivation and Self-awareness:

Employees who are self-aware and motivated to succeed are in high demand by today's employers. People who have an accurate awareness of both their capabilities and their limitations, and who also take responsibility for their own professional growth, are held in extremely high regard.

9.Talent Management

As the competition for talent heats up, companies are actively looking for personnel who can attract, develop, and keep top performers in their ranks. People who have previous expertise in talent management, which may include recruitment, training, and performance management, are in great demand.

10. Service Orientation and Customer Service:

Employees that are able to deliver outstanding service to clients and establish close relationships with those customers are highly regarded in the modern business environment, which is centered on the consumer. This competency is very important in fields like retail and hospitality, as well as healthcare and social work.

Bonus: Leadership and Social Influence: 

Leadership and the ability to influence others are two of the most important abilities for professionals who want to progress in their professions. Employers place a high value on individuals who are able to instill a sense of awe and wonder in their coworkers and customers while also fostering strong connections with both groups.

Conclusion

Updating one's skill set is essential, not only for individuals, but also for companies that want to keep their advantage in a market that is always shifting and becoming more competitive. Companies are able to acquire new skills and improve existing ones for their employees  through the use of e-learning services such as Greenmusk's, which allows for a more seamless transition into the "jobs of the future." 

Greenmusk's extensive range of training services is an outstanding alternative that should be considered, regardless of that the business wishes to keep up with the competition or better the skills of its employees. Contact us today to learn more about how we can assist you in developing a skilled and agile workforce.