What is the shelf life of your professional skills? According to research, not very long. In fact, one in three skills from an average 2017 job posting in IT, finance, or sales is obsolete due to continued digital innovation. If that stat doesn’t shock you, it should. The skills we have today are expiring fast, with some experts estimating their life expectancy at just two to three years.
While we can’t place blame solely on the global COVID-19 pandemic, it and other world events have accelerated us toward an environment of unrelenting business transformation and permanently pixelated work arrangements. Employers must now prioritize a more inclusive, purpose-driven culture through broader strategic skilling investments to retain and attract top talent.
Leveraging AI for skill proximity
As our skills become increasingly outdated, new skills will replace them. So, how can employees expect to excel in their careers when today’s business landscape is continuously evolving? It boils down to one word: visibility. A barrier many employees face in the workplace is a lack of visibility into career advancement opportunities. Employees are also largely unaware of the resources and connections available to help them achieve their career goals. This obstacle stems, in part, from a prolonged debate regarding who within a business owns career development. Difficulties aligning the needs and wants of the employee with those of the organization has also contributed to the issue.
Through skills proximity, employers can provide greater visibility. Companies should prioritize an employee’s distance between skills and identify how skills correlate to expedite development. If businesses can find a balance between where employees want to take their careers and where they might be able to take their careers within the organization, they can recognize and foster the skills needed to help them grow.
AI technology has a role to play here. For employees to proactively pursue a growth plan that accelerates career mobility, we need to leverage AI to make skills data and qualification information readily available. Resurfacing relevant learning content and development opportunities is also paramount to an employee’s future success. Done right, it can deliver a broad range of business benefits too. Improved organizational agility and workforce productivity, as well as increased transparency and DE&I, are all advantages attributed to AI.
In addition to AI technology, learning and development content is another tool necessary to ignite career development at work. However, human resources and talent leaders first need to identify a way to connect learning and development to performance results–and annual performance reviews aren’t going to cut it.
Employees and businesses each play a role
There is no one size fits all approach to employee engagement. For employers to maximize the success of their training programs, they must first personalize the content available to each employee. Lessons should be adapted according to an employee’s needs, learning style, and preferred delivery method, in turn allowing the employee to more easily navigate their own development and gauge how their skill-maturity aligns with their overall career goals.
Businesses also need to reconsider how they measure learning and development. Self-directed learning pathways require an element of unstructured exploration required for career growth. Currently, however, course completion and time in course are the metrics being utilized. While important, we need to pivot and explore other factors, including course engagement and the focus of content employees primarily seek out.
Ultimately, employee learning is the foundation of high performance and a key motivator for those wanting to stay at their current company. According to LinkedIn’s 2021 Workplace Learning report, managers are 3.3x more likely to still be with their company in two years if offered the room to learn and grow. Proof that when you invest in people, they will invest in you.
Employee experience is critical for overall company success
The bottom line is the best way to help employees achieve their full potential is to provide career growth opportunities. An AI-driven platform can provide employees with a unified view of skills. It can provide a measurement of the proximity of different skills. Also, it can provide continuous monitoring of the new skills required for continued career progression. Organizations that utilize comprehensive skills data will have a better understanding of their talent’s existing skillsets. Additionally, they’ll understand what will be required of them in the future to adapt.
Between artificial intelligence and the careful deployment of skills-oriented content, anyone with the intrinsic motivation to grow can benefit.