investing in learning initiatives within the organization builds an empowered workforce, creates an aspirational value and improves talent retention. (SOMMAI/

As a world well into the much-spoken-about Fourth Industrial revolution, we’re cognizant of the workforce need to upskill and reskill. The narrative is quite well-entrenched: an increasingly competitive business environment, technological innovation, changing demographics, and the shifting nature of work are all putting pressure on the need for learning and development in organizations. What’s more? COVID-19 has left workplace dynamics in turmoil and has pushed the gas pedal on uncertainties and inequalities in the world economy.

According to OECD’s Adult Skills Survey (conducted in 40 economies worldwide), more than 25% of adults reported a mismatch between their current skills and the qualifications required for their jobs. The impact is more far-reaching than one can imagine. The 2019 PwC Global CEO Survey addressed widespread CEO concern that a lack of key skills is hindering their organization’s ability to innovate, causing their people costs to rise and impacting their ability to provide an optimal customer experience.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.