According to a global skills analysis by Cornerstone OnDemand (CSOD), there seems to be a huge disconnect between employers and employees when it comes to upskilling. According to the study—Thriving in the Global Skills Shortage: Your Path Through the Wilderness, employers strongly believe that they are on the right track to upskill their workforce with 86% feeling confident that they can develop their employees’ skills however, only 55% of employees share that sentiment.
The average 30-point gap between organisational leaders’ and employees’ confidence in the ability of the organisation to provide skills development remains unchanged from the 2020 findings with employee confidence actually decreasing. Employee sentiments also slid when polled about their organisation’s ability to effectively respond to the pandemic on a personal level showing that the pandemic continues to cast a long shadow on the workforce.
The research notes that not every organisation has been affected by the confidence gap with high performing businesses prioritising skill development and investing in upskilling at a much higher level. Meanwhile, low performing employers not only rate their prioritisation of skill development much lower, by less than 20% of employees in those organisations also agree that skills development is an important objective to their business.
High performing organisations are highly invested in skills development that works for all major stakeholders. When compared to low performing organisations, there was a significant difference in how they view the role of talent and development. High performing organisations responded that upskilling improved employee growth, helped the business meet its goals and gave employees the ability to acquire skills that interest them.