Despite projected growth in the global population from 6.9 billion in 2010 to 7.6 billion in 2020, the working-age population is expected to decline in many countries. Japan already has more people exiting the workforce than there are workers prepared to enter it.
In the European labour market, 2010 marked the first time more workers retired than joined the workforce. While this labour gap is a relatively manageable 200,000, it will surge to 8.3 million by 2030.
By the end of this decade, other large economies such as Russia, Canada, South Korea and China will also have more people at retirement age than are entering the workforce. Other, younger countries stand to profit from those trends.
Other emerging market economies with young labour forces such as Brazil, Mexico and Indonesia may benefit from a demographic dividend, a surge in productivity and growth as those workers join the labour pool.
But the dividend pays off only if the country provides its youth with adequate educational and economic opportunities to develop their skills.
In the European labour market, 2010 marked the first time more workers retired than joined the workforce. While this labour gap is a relatively manageable 200,000, it will surge to 8.3 million by 2030.
By the end of this decade, other large economies such as Russia, Canada, South Korea and China will also have more people at retirement age than are entering the workforce. Other, younger countries stand to profit from those trends.
Other emerging market economies with young labour forces such as Brazil, Mexico and Indonesia may benefit from a demographic dividend, a surge in productivity and growth as those workers join the labour pool.
But the dividend pays off only if the country provides its youth with adequate educational and economic opportunities to develop their skills.
There is a growing mismatch between the skills employers need and the talent available
An estimated 31% of employers worldwide find it difficult to fill positions because of talent shortages in their markets, reports the 2010 Talent Shortage Survey from Manpower, an international employment agency.
When it comes to attracting employees with critical skills, the task becomes even more challenging. Today, 65% of global companies and more than 80% of companies in fast-growth economies are having problems finding employees with the skills they need, according to Towers Watson, an HR consultancy.
So, employee skill development is becoming a prime focus for all organisations irrespective of sizes. But the concern of implementation in a cost effective way has always remained a challenge. While most organisations agree that they need to concentrate on boosting up employee skills, they also agree that huge gestation lag, slow cascading of knowledge and increasing cost make the proposition cumbersome and difficult.
Organizations with strong learning culture significantly outperform their peers. 46% more likely to be first to market, 37% greater employee productivity, 34% better response to customer needs, 26% greater ability to deliver "quality products", 58% more prepared to meet future demand, 17% more likely to be market share leader.
Considering all the intricacies, companies are relying more on e-learning or online sales training for their employees.
Companies are now increasing their use of eLearning regardless of size. 41.7% of global Fortune 500 Companies used technology during formal learning hours last year. Learning Technologies are boosting agility. 35% improvement in time competency, 32% faster roll out of new IT systems, 32% improvement in ability to introduce new products and services, 26% overall cost saving!
Unisys, the IT major has recently tied up with Advance Selling Skills Academy, UK, for training up its sales force.
Advance Selling Skills Academy is always ahead of the curve in customised, flexible sales training solutions. The training solutions are available on online platform with 24/7 access. The rich sales training courses are complemented with e-books and course notes. The course contents can be accessed offline also.
An estimated 31% of employers worldwide find it difficult to fill positions because of talent shortages in their markets, reports the 2010 Talent Shortage Survey from Manpower, an international employment agency.
When it comes to attracting employees with critical skills, the task becomes even more challenging. Today, 65% of global companies and more than 80% of companies in fast-growth economies are having problems finding employees with the skills they need, according to Towers Watson, an HR consultancy.
So, employee skill development is becoming a prime focus for all organisations irrespective of sizes. But the concern of implementation in a cost effective way has always remained a challenge. While most organisations agree that they need to concentrate on boosting up employee skills, they also agree that huge gestation lag, slow cascading of knowledge and increasing cost make the proposition cumbersome and difficult.
Organizations with strong learning culture significantly outperform their peers. 46% more likely to be first to market, 37% greater employee productivity, 34% better response to customer needs, 26% greater ability to deliver "quality products", 58% more prepared to meet future demand, 17% more likely to be market share leader.
Considering all the intricacies, companies are relying more on e-learning or online sales training for their employees.
Companies are now increasing their use of eLearning regardless of size. 41.7% of global Fortune 500 Companies used technology during formal learning hours last year. Learning Technologies are boosting agility. 35% improvement in time competency, 32% faster roll out of new IT systems, 32% improvement in ability to introduce new products and services, 26% overall cost saving!
Unisys, the IT major has recently tied up with Advance Selling Skills Academy, UK, for training up its sales force.
Advance Selling Skills Academy is always ahead of the curve in customised, flexible sales training solutions. The training solutions are available on online platform with 24/7 access. The rich sales training courses are complemented with e-books and course notes. The course contents can be accessed offline also.
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