Skill Shift, Automation and the Future of the Workforce, adapt to new skills Artificial Intelligence IT and programming skills soft skills - Retrain – Current employees will need to be taught new skills to prepare for the changing work environment, while new employees will be hired based on their potential to learn in-demand skills.
- Redeployment – Employees with specific skills can be shifted to new roles or have their roles redefined to better serve the company's needs.
- Hiring – If retraining and redeployment aren't enough to cover the needed skills, hiring with a specific skillset in mind will become necessary.
- Contracting – Bringing outside temporary workers allows companies to rapidly ramp-up their needs and intellectual capacity.
- Releasing – Reducing the workforce or freezing hiring allows normal attrition and retirement to occur, with the ultimate goal of accelerating workforce transition into the new economic challenges
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