In today’s business environment, growing companies need to adapt faster than ever before. The skills required of employees are shifting in near real-time due to new technologies, AI tools, customer expectations, and market dynamics. Hiring talented people and training them occasionally is no longer enough. Companies are now looking for teams that are able to learn, adapt and implement new skills in a timely manner.
As a result, speed-to-skill is becoming a major business concern. The sooner that a company can identify a skills gap, train employees and help them apply new skills on the job, the better their position will be. Skills development isn’t only an HR function in a competitive market. It’s a development strategy.
For instance, this TalentLMS Speed-to-Skill Report examines this increasing challenge and how organisations are attempting to develop and apply skills in time with the pace of change. The findings reinforce a challenge many organisations already recognise: learning is not about taking courses. It’s about creating ready workforces, boosting employee upskilling and ensuring employees are able to apply new skills when the business requires.
Traditional training is struggling to keep up
