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Globally, only 20% of employees have the skills needed both for their current roles and future careers as predicted by Gartner. To remain competitive in an increasingly digital world, organizations need to develop macro and micro talent development strategies.
TOMORROW’S MOST IN-DEMAND SKILLS
GROWING DEMAND FOR:
Leadership Communication & negotiation
Critical Thinking
Entrepreneurship
Adaptability
Interpersonal and empathy
According to McKinsey’s study Skill shift: Automation and the future of the workforce tomorrow’s most in-demand skills are technological, social and emotional skills. It is not surprising that physical, manual and basic cognitive skills will be needed less.
BUT WHAT DOES THIS MEAN FOR THE ASIA-PACIFIC REGION SPECIFICALLY?
The study “Agility & Ability- to enable business growth” focuses on the above-mentioned skill “Adaptability”.
Results indicate that 2 in 3 businesses in APAC are not prepared to quickly adapt their employees’ capabilities to meet urgent business needs. Are you one of them?
Workforce agility is an organisation’s ability to swiftly adapt its workforce capabilities to the peaks and troughs of highly uncertain business environments and strengthen their resilience amidst emerging disruptions.
The study presents four major business trends for the Asia-Pacific Region which will make Agility the most important differentiator between companies that will thrive in highly-uncertain business environments and those that will sink.
I compiled for you a quick overview of four business trends with findings in a regional breakdown.
1. AUTOMATION
2. WORKERS CHANGING PREFERENCES
3. THE CONTINGENT WORKFORCE
4. HR OF THE FUTURE
BUT HOW TO ATTRACT AND RETAIN THE MOST IN-DEMAND TALENTS? ONE SIZE DOES NOT FIT ALL.
It is important to understand and respond to the different value setups of your multi-generational workforce. Benefits that excites a Millennial might not go well with your Generation X employee. One size does not fit all! Get a quick overview of benefits for Baby boomers, Generation X and Millennials.
HRM Asia provided a good overview of the different expectations, values and priorities of the three working generations which I visualized for you here:
ABOUT TIMEO-PERFORMANCE
We were founded with a vision to improve the world of work for everyone.
Timeo-Performance has been helping companies assess, build and develop teams and talents in APAC since 2008. We are Recruitment, Training and Business & HR Performance experts and our priority is to help you grow and succeed. We understand your culture, organization and objectives and deliver outstanding results crafted for you. We thrive to bring best practices, innovative and integrated solutions with our selected partners: Akteos (intercultural management), CrossKnowledge (digital learning) and more.
