HR in 2020: Reskilling Goes Into Overdrive

Dave Weisbeck, HR Technologist

To say that corporate reskilling efforts are important would be an understatement. Billion-dollar retraining programs and on-site corporate colleges have become a reality. In a 2018 McKinsey survey, 62% of executives said they will need to retrain or replace more than a quarter of their workforce before 2023. Business model disruptions, demographic shifts, and automation of rote tasks are putting more pressure on individuals to learn, and on employers to give people the right skills at the right time. There is reason for optimism. As we cover in our HR Trends 2020 report, there have been many advances in learning technology. Learning content is more plentiful, cheap, and accessible with the rise of massive open online courses.

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