Embracing a Skills-Based Future: Insights from PwC's Pioneering Approach
In an era where technological advancements are reshaping the workforce landscape at an unprecedented pace, the focus on skills rather than traditional credentials has never been more crucial. Today I want to spotlight PwC's "New World, New Skills" program, which embodies the essence of a skills-based approach.
PwC is leading by example, committing $3 billion towards upskilling its global workforce, ensuring that its 276,000 employees are equipped to thrive in a digital world. This program not only aims to enhance digital competencies across the board but also to make a measurable impact on PwC's people, clients, and communities by building a more diverse, tech-skilled workforce and fostering a culture of continuous learning and innovation.
As we navigate through the digital transformation, the need for skills such as data analytics, artificial intelligence, and robotics process automation becomes increasingly evident. However, PwC's approach goes beyond technical skills, focusing on cultivating a mindset of adaptability, problem-solving, and digital fluency among its workforce.
This strategic focus on upskilling is a clarion call for organizations worldwide to reassess their talent strategies. It's an invitation to shift from traditional hiring practices towards a skills-based model that values capabilities and potential, paving the way for a more inclusive, dynamic, and resilient workforce.
๐ Want to get started with the skills-based approach? check out our checklist. https://informedecisions.io/ebooks-and-guides/skills-based-hiring-the-checklist/
#SkillsBasedHiring #FutureOfWork #Informedecisions
๐ Siemens' Innovative Skills-Based Approach to Learning
Siemens' "My Skills" platform is revolutionizing corporate learning by emphasizing a skills-based approach. This strategy aligns with the digital age's demands, preparing the workforce for today's challenges and future innovations. It highlights the importance of continuous, personalized learning, making it a beacon of innovation in professional development.
๐ Why It's Game-Changing
- Adaptability: Siemens' approach enables the workforce to adapt through upskilling and reskilling in a rapidly evolving industry landscape.
- Empowerment: Employees control their learning journey, aligning personal development with Siemens' strategic goals.
- Accessibility: With a cloud-first, mobile-first strategy, learning is available anytime, anywhere, through the Wingspan app.
๐ The Bigger Picture
Siemens' commitment to skills-based learning is not just about internal growth but sets a precedent for the future of work. It demonstrates how integrating technology with a focus on skills development can drive organizational success and competitiveness.
๐ Want to get started with the skills-based approach? Check out our checklist
#Skills #FutureOfWork #informedecisions
Will AI Create More Jobs Than It Will Eliminate?
Excited to share an enlightening article by @Suzanne Lucas on @ere.net, titled "Will AI Create More Jobs Than It Will Eliminate?" where I had the pleasure of contributing.
๐ The piece delves into the dual nature of AI in the job market. While it's often viewed as a job eliminator, AI is equally a job creator. For instance, Apple's expansion in the UK focuses on AI-dedicated staff. Similarly, Amazon is heavily investing in AI, indicating a growing need for human expertise in managing these technologies.
๐ Notably, I shared insights on Amazon's discontinued AI recruiting tool, underscoring the challenges of gender bias in AI. The tool, developed from a decade of male-dominated resumes, favored male candidates, highlighting the need for diversity and ethical considerations in AI development.
๐ With Credit Suisse projecting the AI software market to reach $1.09 trillion by 2030, the demand for skilled professionals in AI, semiconductor, and related industries is undeniable. This shift is comparable to the transformative impact of automobiles on employment, necessitating changes in hiring, training, and employee expectations.
๐ญ The future of AI in hiring is still unfolding, but with current investments in AI surpassing $142 billion, the trajectory is clear: a significant increase in AI-related jobs is on the horizon, with over 30,000 machine learning and 28,000 AI jobs currently listed.
๐ [Read the full article]
#informedecisions #EthicalAI #FutureOfWork
3 OUT OF THE 5 FASTEST GROWING JOBS IN THE US ARE HR RELATED
LinkedIn recently released itโs 2023 โJobs on the riseโ report, in which it recaps the 25 fastest growing jobs over the past five years, based on job title analysis.
3 out of the top 5 growing jobs are HR analytics manager (#2), DEI manager (#3), and Employee experience manager (#5).
These are very encouraging findings that demonstrate organizationsโ understanding of the importance of making data-driven people decisions, making their workforce more inclusive and diverse, and engaging their employees in order to retain them and enhance performance.
For HR professionals which are either leading a team or a part of a team, itโs a good time to ask yourself:
Are these 3 components a part of our HR strategy?
Do we already have these positions/capabilities in our team?
Have we clearly defined metrics in each of these areas that we are working towards?