Although artificial intelligence (AI) and other emerging technologies dominate the headlines, people remain the lifeblood of any successful organization. And a recent study by the skills-development company Guild found that 97 percent of business leaders view attracting talent as a priority this year, with 69 percent labeling the need as urgent. A record number of baby boomers are set to leave the workforce over the next five years, and more than 8 in 10 leaders are concerned about losing institutional knowledge as workers retire.
At the same time, three-fourths of leaders are concerned about meeting the expectations of Gen Z. Although compensation and flexibility are always important, today's prospective employees want their company to invest in them:
- Nearly 90 percent say that, when job hunting, they are looking for an employer with career advancement opportunities and ways for them to progress.
- Three-fourths would be somewhat or very likely to leave for a new role if it offered additional education or career opportunities.
Companies can differentiate themselves by providing true career mobility opportunities, the survey report said.
"One of the best investments companies can make is in their people," said Bijal Shah, interim CEO of Guild. "Our recent research shows that 74 percent of workers would consider leaving for a new role if offered additional education or career opportunities. Not only are these kinds of incentives attractive for employees, but they also provide access to learning opportunities connected to the skilling needs of the business, keep an organization competitive and support the company's bottom line."
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