4 Key Reasons To Grow Your Workforce Internally

As the skills gap continues to widen, especially in technical fields, companies need to consider the long-term value of training employees internally versus hiring new people. A shortage of top talent already exists across several industries. According to the 2018 Talent Shortage Survey,  33% of employers say the main reason they can't fill roles is a lack of applicants, while 27% say candidates lack the necessary hard or soft skills.

The quantity of available data is massive. Nearly every action in a business can be tracked, analyzed, and improved. However, how we translate big data into actionable insights is still a work in progress.

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Allison Davis
The Power of Data Visualization

Organizations are leveraging data to improve all aspects of business. Many industries are adopting a data-driven mindset to make better business decisions, personalize the customer experience, and enhance products. Even non-technical industries, like fashion and sports, are finding unique ways to incorporate data into their products and operations.

The quantity of available data is massive. Nearly every action in a business can be tracked, analyzed, and improved. However, how we translate big data into actionable insights is still a work in progress.

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Allison Davis
The Surprising Reason Why Your Digital Transformation Could Fail

The phrase digital transformation has become a regular buzzword in the business world. Organizations are gearing up to incorporate new technologies like cloud infrastructure, AI, and the Internet of Things, all promising new operational efficiencies and competitive advantages.

CEOs referring to "digital" in their strategic plans increased from 2.1 percent in 2012 to 13.4 percent in 2018. It's not all talk either. Gartner predicts worldwide IT spending is projected to total $3.8 trillion in 2019, an increase of 3.2 percent from expected spending of $3.7 trillion in 2018. Those are some significant, expensive commitments to change.

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Allison Davis
4 Myths About Tracking and Identifying Skills Gaps

A skills gap can be a costly, time-consuming problem for businesses. As industries continue to shift towards digital, companies need to find more proactive approaches to avoid gaps, instead of managing them as they appear.

How Do Companies Currently Track and Identify Skills Gaps?

While many companies recognize the need to optimize their workforce, not everyone has developed an ideal method for tracking and identifying skills gaps. Here are some methods we see companies using today.

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Allison Davis
What Are The Business Benefits of Having A Skills Inventory?

As we dive into the age of digital transformation, the skills gap continues to expand. According to PWC’s 2019 CEO Survey, “availability of key skills” moved from 5th to 3rd amongst issues CEOs perceive as threats to organizational growth.

Businesses should always track their workforce’s skills and capabilities. Without this data, leaders could be making uninformed business decisions that are costing them valuable time, money, and talent. How can businesses avoid the consequences of a looming skills gap?  

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Allison Davis
How Do We Currently Manage Skills?

How organizations manage these assets determines their future. Yet, skills management is most often ignored or neglected by employers. Too often, skills are managed on resumes and rarely updated spreadsheets. Few organizations have an accurate inventory of skills. Work gets assigned without knowing the full capabilities of team members. Planning occurs without an accurate picture of vital assets.

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Allison Davis
Visual Workforce Launch Announcement

Finally, there’s an easy way for IT organizations to create and maintain a living technology, skills, and competency inventory: Visual Workforce.

Visual Workforce is IT focused and helps organizations identify their best employees and map contributions to strategic objectives.

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Allison Davis