Anne Fulton, co-founder and CEO of Fuel50, recently hosted a masterclass at the Inspired HR & LD Conference in London. Anne shared her insights on ‘The New Talent Economy’ and how career transparency and skills forecasting can be used to future-proof your workforce.
Fuel50 (in case you don’t know) is the fastest-growing talent experience platform. We are an organization dedicated to the career experience for employees and, increasingly, the employee experience. Our passion is the future of your workforce.
Here’s why we need to be thinking differently about our talent within organizations today.
There are some new driving forces in the workforce that we need to be conscious of. According to research, 50% of the workforce are going to be millennials by 2020. Millennials have some very clear career expectations. It’s about transparency, it’s about fairness, it’s about acceleration. It’s about being able to use their talents and capabilities to make contributions in a meaningful way.
Automation is creating a lot of fear for both employees and organizations. We need to enable leaders to support their people in adapting to the increasing component of automation in their roles. It will become a strategic advantage for those organizations that do a good job of helping people cope with automation.
Internal Skills Shortages
Research by CEB has shown that almost 66% of organizations will face an internal skills shortage in the next 3-5 years. Thinking about the skills and the skill readiness of your people is becoming increasingly important. However, it is also worth noting that skills anxiety goes both ways. Employees are fearful that they don’t have the right skills for the future too.
Also in this article
- Disrupted career landscape
- Roller coaster career paths
- Untapped skills and talents
- Fuel50’s game-changing approach to democratizing talent
Video sourced from: https://www.inspiredbusinessmedia.com/the-new-talent-economy/