New research published by Kineo at City & Guilds Group, the leading global skills development body, reveals that employers across the world are racing to upskill their workforces. However, with digitalisation and fluctuating economies transforming the skills needed in the workplace today, employees are less confident than their bosses that they’ll have skills they need for the future.
The study surveyed 6500 employees and 1300 employers across 13 international markets. It found that employers in more developed economies risk falling behind in the race to upskill as emerging economies are more likely to ramp up investment in learning and development (L&D) in the near future.
A significant 92% of Indian employers and 78% of Kenyan employers predicted a net increase in L&D investment in the next 12 months, compared to just 64% of US employers and 67% of Australian employers. The UK (54%) and Sweden (52%) came in last, with just over half of employers in these markets anticipating an increase in L&D investment.
Whilst 71% of employees across the world recognise that the skills they need to do their job will change in the next 3-5 years, only 67% of them say their employers are keeping pace with changing skills. This confidence drops to just 56% for workers in New Zealand and 58% in Sweden. However, 81% of employers globally say they’re confident their staff have the skills their business needs for the next 3-5 years. This highlights a worrying perception gap, that could lead to lower retention rates and compromised service levels and opportunities as employees seek out organisations who can better meet their training needs.
Reports and Guides
Learning insights 2018: this time it's personal
Our popular annual report is back - and this time it's personal. We see what's going on in L&D right now, from globalisation to personalisation.READ MORE
Podcasts and Audio
Learning Insights 2019: The power of MicroPersonalNetworks
John, Stu, Mark and Cammy discuss the key trends found in the 2019 Learning insights report, with a particular focus on MicroPersonalNetworks - what are they, and why do learners want them?READ MORE
Reports and Guides
Learning Insights #2: A risky business
We know that the world is evolving at a lightning-quick pace, and that this is having huge ramifications in the workplace, not least in the skills employees and businesses need to succeed. This is particularly the case when it comes to the way people want to work.READ MORE