Why are skills the currency of the future business world?

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We often talk about talent development and retention, but what do skills have to do with it? Why is identifying skill gaps so important?

 

Employees are the heart of any and every organisation and as organisations grow and evolve, so must their employees. 
 
More than anything, the pandemic has highlighted a glaring shortfall. As much as businesses focus on tangible assets such as inventory and machinery. or intangible assets such as IP and brand, we often overlook the single asset that makes it all possible – our employees. 
 
As the world is changing and competition among businesses is increasing, business leaders need to invest in rapid and flexible workforce transformation and skills development to help their employees grow and evolve with the organisation. 
 
Why is identifying and closing skill gaps and upskilling so important? 
 

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