Workforce Solutions: Combating Job Obsolescence and Career Plateaus
As improved artificial intelligence and new technologies emerge, it is estimated that as much as 14 percent of the global workforce may need to switch occupations by 2030. In this future-state, organizations will need to offer new paths for their employees who are facing an end to their current roles or whose careers are evolving into different paths. These instances are referred to as job obsolescence and career plateaus.
Job obsolescence occurs when a job is rendered obsolete by the introduction of new technology or work practices. Career plateaus are the limits of a career path, whether from skills or a company’s organizational structure. Neither instance is new to the workforce, but companies are seeing an increase in both in recent years.
With any challenge lies opportunity. As employees reach the limits of their roles or their roles are at risk of being eliminated, selecting these individuals for reskilling with skills-based learning offers a scalable solution for your company and your affected workforce. Continue reading to learn how to identify candidates for reskilling and how you can tap into your existing workforce to develop your company’s teams of the future.
Look internally to select reskilling candidates.
Roles such as bank tellers, warehouse workers and customer service members are prime examples of roles that are at greater risk of their jobs being outsourced or eliminated in coming years. Thankfully, there is a solution to keep these types of individuals within your organization and builds the framework for further skills-building in the future – reskilling.
Reskilling and upskilling programs enable companies to combat job obsolescence and career plateaus while also future-proofing the organization by introducing new skill sets to their employees. Not only are these employees learning new skills in the short term, but companies are also establishing systems and partnerships for continued growth and skills-building in the future.
In a survey conducted by McKinsey & Company, 69 percent of survey respondents reported an increase in skills-building throughout their organization since 2020. Organizations continuing this trend of reskilling will ultimately set themselves on a path to further growth and scalable success.
Future-proof your workforce with reskilling programs.
The availability and accessibility of skills-building programs have changed since the onset of the pandemic due to the growing talent crisis and skills gaps. To support organizations to position themselves for tomorrow’s technology demands, solution-driven organizations like Tech Elevator have developed workforce development solutions for hiring managers and human resource or technology leaders.
Establishing continual reskilling and upskilling programs can seem like a daunting process for any organization. A good reskilling partner will be able to guide your teams through the process and act as consultants while establishing these programs. One common misconception about establishing reskilling programs is that they need to start big.
A strong reskilling partner will offer scalable solutions to meet your organization’s needs, and provide consultative services to guide you through implementation and execution. Whether you need one reskilled employee or would like to reskill more, you can determine this by discussing your reskilling goals with a provider to find a solution.
Ready to explore solutions to future-proof your organization?
“I think as leaders one of the most important things we can do in our jobs is to create the workforce of the future.” – Amy Brady, CIO at KeyBank
As your company evolves, so should your skills-building and training programs. Look internally for individuals you feel would excel in new roles and consider reskilling or upskilling them.