Overcoming the Skills Gap and Upskilling Candidates’ Capabilities

Advances in technology and information have an impact on the business world. Oftentimes, HR personnels are unable to find candidates who can fulfill the company’s changing requirements. This is where the skills gap develops.

For this reason, HR personnels must understand how to overcome the skills gap and upskilling candidates’ capabilities. If HR personnels are able to overcome this issue, then the company can produce a successful recruitment process.

skills gap and upskilling

Why Overcome Skills Gap and Upskilling Candidates’ Capabilities?

As one of the HR’s challenges in the recruitment process, skills gap needs to be taken into consideration. At this point, the United States is in a significant level of skills gap in so many industries. Started several years ago, about 68% of employers had open positions that they couldn’t fill with skilled employees.

The existence of a skills gap in the competency of a candidate can have a negative impact on the company. For instance, an ineffective work space, employees unable to perform their tasks optimally, a decline in the company’s performance, etc. This is the reason why HR personnels need to overcome the skills gap and upskilling candidates’ capabilities sooner or later.

Furthermore, the impact of the skills gap is felt between candidates and the company’s expectations. These are various impacts from the skills gap:

? Additional costs for employee training— Most HR professionals are forced to hire freelancers who have the required skills. Thus, resulting in additional costs for training candidates.

? Time wasted by selecting the wrong candidate— This resulted in the development of the company being hampered. The impact is most influential on the company’s densed working hours.

? A decline in the company’s productivity— This can result in loss of revenue as well as client dissatisfaction.

? Inability to compete— The company’s decline caused by the skills gap will provide opportunities for competitors to take over.

skills gap and upskilling

Ways to Fix Skills Gap and Upskilling Candidates’ Capabilities

Despite being a serious threat to a company’s productivity, the skills gap is not an insoluble problem. There are several things that HR personnels can do to minimize this gap:

? Upskilling— Upskilling is always related to soft skills or an individual’s basic attitudes. Such as a sense of responsibility, discipline, professionalism, etc. Therefore, the main focus here is related to candidates’ capabilities to adapt in a new work environment. As stated in the World Economic Forum (2022), 54% of all employees will need great upskilling and reskilling capabilities.

? Reskilling— Reskilling is the process of learning new skills of employees to move into new roles within their current company. Here, the candidates really have to learn a new skill from the training program. Reskilling is usually related to candidates’ hard skills or technical abilities. For example, skills in accounting, maintenance, field technicians, etc.

? Seeking candidates with required skills— It’s essential for HR personnels to seek suitable candidates with skills that match the vision and mission of the company. So, how can HR personnels find the right candidate? They must go through a recruitment and selection training process from professional networks.

? Evaluating candidates for compatibility— Skills gap will occur in any company and industry, no matter what. With the right improvisation and analysis, the skills gap can be fixed. HR personnels can evaluate candidates to adapt to particular skills and requirements. This can be done by conducting a structured interview.

? Provide employee training and development— The skills gap can be overcome by providing more opportunities for training and development. This is done so that employees can acquire the skills they need to be successful. For instance, this can be done through on-the-job training, mentoring programs, and educational opportunities. Hence, by providing candidates with new opportunities, they will handle job challenges well and contribute to the company’s success.

Examples of Upskilling Programs That Can Be Used as Inspiration

Upskilling programs really need the company’s full attention every step of the way. Specifically for HR personnels, these are programs to be used as a reference most suitable for your company.

e-Learning

Employees, managers, or anyone else in training, can access the e-learning materials at their own pace. However, HR personnels should keep monitoring the progress of their employee’s upskilling process on a regular basis. This aims to ensure that all upskilling results can be obtained optimally.

Coaching

Coaching can be done by anyone involved in the company— HR personnels, managers, team leaders, etc. Or else, a company may choose to hire a private coach. Hence, this program provides an increase in employee engagement and good teamwork.

Job rotation

Job rotation helps HR personnels find compatible candidates and transfer new responsibilities at higher positions. Hence, it is used to place the right person in the right position. The goal is to enhance employee work experience, increase retention, and improve job satisfaction.

Innovative training providers

If there’s a large number of people involved, it would be better to use innovative training providers. Thus, using direct training from experienced instructors. Training providers are growing rapidly. In line with the increasing needs of companies for training programs that are flexible, affordable, accessible, and interactive.

Job enlargement and job enrichment

Job enlargement is a practice in which employees do more work than they are used to. Meanwhile, job enrichment is a practice in which there is an added dimension to the current job, including new authority. Both are additional tasks and responsibilities that will encourage candidates to learn and try more things.

Blended learning

As we enter an advanced technological working place, blended learning is a great way to upskilling candidates’ capabilities. It’s all about mixing physical and virtual elements in the process. Or, using the internet and implementing learning as conventional classes in general. The advantages of blended learning make this program increasingly used by many companies. Mainly, to improve the performance and productivity of their employees.

Final Thoughts

Overcoming the skills gap and upskilling new capabilities requires effort both from the employer’s and candidates’ side. Employers should be aware that candidates may not have a complete package of requirements. Employers must view their candidates as individuals who are willing to learn and grow with the company.

Therefore, employers and candidates should consider expanding their capabilities through upskilling programs that focus on essential skills. Thus, creating a win-win solution!

Management Skills for Bankers

The banking industry is one of the most important fields in the world. This is because without this financial institution, it will be difficult for people and businesses to handle their money and investment.

This is a lucrative industry to pursue if you are looking for a promising job and career. In order to be a banker, one must have strong management skills. Management skills for bankers are very imperative so that they can be able to provide the best schemes and solutions that their client needs.

Additionally, the world of banking is also changing rapidly, new federal regulation and rules are being implemented, mergers, takeovers as well as management changes. That is why, if you are interested to enter this field and make it big, management skills for bankers are very ideal. Continue reading “Management Skills for Bankers”

Management Skills Training

Training skill is very imperative for people who are tasked to take the supervisory position in a certain company. This is also applicable for entrepreneurs and business owners who wish to improve their managerial skills.

Management skills training will be very beneficial for people who have the position as manager. As a manager, it is your responsibility not just to run an organization, but also to manage people such as employees and clients.

Even if you already have the management skills, it is still very helpful if you can obtain a management skills training.

These trainings will improve your skills and abilities as a manager. This will give you a great opportunity to be able to become a more effective manager or supervisor. Management skills training offer several benefits. Continue reading “Management Skills Training”

What is Active Listening Skills?

Communicating should be a two way like give and take. Listening skills are an important component in communication as it reflects on how we speak.

Being a good listener gives us the opportunity to learn about people and the underlying messages and intentions. A good listener should be an active listener.

In fact, there are jobs in which listening skills are of utmost importance. Likewise, being a good listener is a great help to better understand and communicate with others.

Listening actively does not only help in understanding others as well as in building rapport with co-workers and friends. It is also important in grasping underlying meanings and resolving problems.

Otherwise, not listening actively would result to responding inappropriately and losing other’s trust. Likewise, it may also lead to spending money unnecessarily. Continue reading “What is Active Listening Skills?”

Strategic Thinking Skills – How to Sharpen Your Strategic Thinking Capabilities?

Good leaders possess certain skills that will help them make wise decisions for the benefits of the company or organization and the people. Good leaders, whether in business or in the government, must learn how to motivate their followers, have a clear vision, and have the discipline to work their way towards their visions and goals.

Most importantly, good leaders should have exemplary communication, problem-solving, and strategic thinking skills.
Strategic thinking is an effective tool that will help leaders and even ordinary individuals assess different situations that will affect their lives in one way or another.

It is a process that involves strategic and operational planning as well as innovation that would help companies and organizations develop strategies that will give them better chance to succeed. Continue reading “Strategic Thinking Skills – How to Sharpen Your Strategic Thinking Capabilities?”

How to Develop Your Learning Skills?

Learning is an ability that is important to everyone. It is important to learn new things every day; otherwise the world will be so dull.

Likewise, learning is also a process in which a person acquires new knowledge, skills, values and other information. It is a fact that living things have the abilities of learning in different ways. Human beings can learn many things through trainings, education, advice, seminars and of course experience.

Undoubtedly, experience can teach us everything especially if a person goes through a series of adventures and challenges in life. Experience helps us in determining the right or wrong. In the same manner, mistakes can make us better person.

However, not all of us have the ability to hone our learning skills. Some may learn fast while others may learn new things in a slower pace. Nevertheless, it is important for a person to determine how to maximize her or his potential and brain power. Continue reading “How to Develop Your Learning Skills?”

Smart Ways to Develop Persuasive Communication Skills

Communication serves as the basis of all persona and professional relationships. It helps people express their feelings and emotions. Communication is even more important when it comes to managing a business or running an organization.

Successful business leaders use communication to build a healthy rapport among its employees, clients, and business partners. Moreover, communication also plays a fundamental role in the success of an organization or company. Business leaders who know how to communicate effectively have greater chance of becoming successful as individuals and as entrepreneurs. Continue reading “Smart Ways to Develop Persuasive Communication Skills”