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UK companies failing to equip workforce with skills they need for the future

by LLB Reporter
26th Nov 18 8:15 am

Business needs to invest and focus on the human skills of creativity, leadership and adaptability to better prepare the workforce for the future.

A survey of 1,246 business and HR leaders from 79 countries by PwC finds that 87% of companies believe human skills are a critical capability for the future, but only 33% have talent practices that drive these skills. A similar percentage use data analytics to predict and monitor skills gaps in the workforce.

Separate employee research from PwC found that only 41% of employees in the UK believe their employer is providing them with the skills they need for work in the future.

Alastair Woods, partner at PwC, commented:

“HR departments must lead the way in growing and building the capabilities the workforce of tomorrow will require. The impact of automation and robotics over the course of the next decade will mean some tasks disappear, but new activities will emerge that rely on uniquely human skills like judgement, empathy, innovation. To prepare for this change HR teams must develop a thorough understanding of future needs and put in place the learning and development programmes and other tools like performance management to help and underpin this transition.”

The changing nature of work is accompanied by an increase in the numbers of contractors, freelancers and portfolio workers. A rising number of partnerships between large organisations and smaller start-ups are providing ready access to innovation and talent on demand. Identifying where and how to engage this flexible talent will become increasingly important for organisations, yet few are prepared for this shift. Only 8% of global respondents strongly agree their organisations are able to engage easily with this valuable resource as and when they are needed.

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