Since the beginning of the pandemic, global labour market trends show an increased number of workers leaving or planning to leave their jobs. Citing a recent Future Forum survey, CNN Business reported 53% of workers in France and 55% of workers in Germany and Japan are open to looking for new jobs in 2022. The U.S. Bureau of Labor Statistics reported 4.4 million quits in the month of February 2022, while Australian workers who changed roles in 2021 saw an 8% to 10% increase in salary.
As more workers reassess job options in an evolving global economy, they are looking for organisations with employee-centric policies and initiatives, from flexible work arrangements to diversity, equity, and inclusivity programmes. Opportunities to upskill and reskill are proving to be a major consideration for active job seekers, as well as employees deciding whether to remain at a company. A 2021 report by Strada found that 65% of the U.S. workforce doesn’t have a bachelor’s degree, and nearly half feels they need additional education to advance their careers. Of those Americans who are considering furthering their education, 37% prefer skills training.
Many global organisations are responding to the demand for skills training. In 2021, 59% of learning and development professionals identified upskilling and reskilling as their top priority, and some of the largest global companies (including JP Morgan, Amazon, and IBM) are investing millions in programmes to upskill and reskill employees. Leaders who want to prevent turnover recognise the importance of supporting employee growth and development with skills training. And with a growing number of job openings — including a record 1.3 million vacancies in the UK from December 2021 to February 2022 — upskilling and reskilling is not only crucial to employee satisfaction, but also to support the future success of organisations in a post-pandemic world.
As more workers reassess job options in an evolving global economy, they are looking for organisations with employee-centric policies and initiatives, from flexible work arrangements to diversity, equity, and inclusivity programmes. Opportunities to upskill and reskill are proving to be a major consideration for active job seekers, as well as employees deciding whether to remain at a company. A 2021 report by Strada found that 65% of the U.S. workforce doesn’t have a bachelor’s degree, and nearly half feels they need additional education to advance their careers. Of those Americans who are considering furthering their education, 37% prefer skills training.
Many global organisations are responding to the demand for skills training. In 2021, 59% of learning and development professionals identified upskilling and reskilling as their top priority, and some of the largest global companies (including JP Morgan, Amazon, and IBM) are investing millions in programmes to upskill and reskill employees. Leaders who want to prevent turnover recognise the importance of supporting employee growth and development with skills training. And with a growing number of job openings — including a record 1.3 million vacancies in the UK from December 2021 to February 2022 — upskilling and reskilling is not only crucial to employee satisfaction, but also to support the future success of organisations in a post-pandemic world.