Addressing The Need For Skills Training and Digital Certification

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Skill shortage is one of the biggest challenges an organisation can face. In fact, 75% of organisations worldwide report a shortage of skilled employees1. It is up to organisations to address this challenge to succeed in this competitive market. 

There are many causes for the global skills shortage, but no single solution to address them all. But that does not mean that this is an issue that cannot be addressed. 

Your organisation can take many strategic steps to address the skills gap and ensure that you hire employees with the right skills for the right positions.

Read ahead to find the causes of skill shortage and how your organisation can address them efficiently.

What Causes Skill Shortage?

Skill shortages occur when your organisation has positions that require specific skills, knowledge and experience but cannot fill them due to the limited supply of employees to meet that demand. 

This lack of supply is caused by many factors but can be attributed to the following:

1. Rise Of Disruptive Technology

One of the biggest causes of skill shortage at present is the rise of disruptive technology. This does not mean that new technologies are harmful to your organisation. This means that your organisation will face difficulties finding employees who have adapted to the latest technological changes. 

This can be seen with the rise of artificial intelligence. As beneficial as it is to use AI to increase efficiency in the workplace, there is a requirement of employees with the right skills to use them. With companies adopting new technologies at an increasing rate, it has become even more difficult for employees to keep up with the new changes. 

This is why they are called disruptive technology in the first place. Only organisations that can quickly adapt to new technologies can rise in the competitive market.

2. Decline In Workplace Participation

One of the effective ways organisations can meet the demand for skilled employees is to ensure that existing employees enhance their skill sets. However, the biggest challenge here is that such improvements require active participation from the workforce. 

This is a tough challenge, as workplace participation has been on a gradual decline. A Gallup study found that 85% of employees are not engaged in the workplace2. This means that most employees are not motivated to improve their skills to meet the demands of their organisations. 

This means that your organisation should prioritise improving employee engagement rates to ensure that skill shortages can be addressed internally.

3. Mismatch Of Educational and Real-World Skills

The mismatch between students’ education and organisations’ requirements is another cause of skills shortage. This is mainly caused by the rapidly evolving demand for newer skills as well as the lack of insights among students to grasp the right skills needed in the market. 

This is one area where your organisation has limited resources to address the challenge. As the ones providing skills to new employees, educational institutions are the ones with the power to address this mismatch. One of the ways educational institutions have taken up the challenge to address the mismatch with real-world skills is by introducing micro-credentials. This will allow individuals to learn skills specific to job requirements even if they are not part of any major they are a part of.

4. Industry-Specific Challenges

Not all the causes of skill shortages are universal in nature. Some of them are industry-specific challenges that each require unique solutions to address them. 

An example of industry-specific challenges is the increasing need for sustainable business practices. This need for sustainable practices can require green skills specific to that industry, such as CAD, HVAC or property management, all of which need specialised training and education. This requirement makes the supply of skilled employees increasingly competitive. 

As the competitive market makes it increasingly difficult for organisations to hire employees with the right skills, upskilling is one option to maintain a competitive edge. In fact, over 40% of Fortune 500 companies have claimed to rely on Learning Management Systems to upskill their workforce to address the skills gap3

Internal skills training can help your organisation address the skills shortage while bringing many other benefits.

What Are The Benefits Of Internal Skills Training

1. Accessible Training Options

An internal skills training process will help your organisation create easily accessible training options. This is especially beneficial for tackling disruptive technological developments as your organisation can create a workforce development program to address each new development.

2. Overcome Barriers To Skills Acquisition

One of the barriers to acquiring new skills is an accessible training program. This barrier can take the form of costly educational programs or the lack of time required to acquire new skills. 

If your organisation employs an internal skills training program, your employees will have access to an accessible platform for acquiring new skills. This will help them overcome the barriers to skills acquisition and, in turn, close the skills gap.

3. Improve Employee Engagement

Internal skills training and LMS can improve employee engagement rates by more than 90%4. A higher engagement rate would ultimately lead to a rise in employee performance and motivate them to develop skills that align with organisational requirements.

4. Create A Learning Environment

An internal skills training program will help create a learning environment within your organisation. When more employees work toward the common goal of skills development, a supportive network will naturally form, motivating each employee further to develop their skills through this skill training program.

While internal skills training can help your organisation address the skills shortage, there is one more option available that your organisation can use to address the skills shortage. And that option is using digital certification to verify new employees’ skills and enhance existing skills training programs through authentication. 

Digital certification is an incredible tool that your organisation can use in many ways.

How To Use Digital Certificates To Address Skills Shortage

1. Easily Verify Skills

Digital certificates act as a testament to an employee’s skills, knowledge, and experience. As verifiable proof of skills, they hold enough information to help your organisation assess the value of a potential employee. Another important benefit is that they can be easily verified compared to paper certificates, which are also vulnerable to tampering. 

Because of these benefits, your organisation should use digital certificates to ensure that employees with the right skills can be employed in the right positions.

2. Empower Employees

Digital certificates serve as a permanent record of an employee’s accomplishments. By using digital certificates to reward employees, your organisation can empower and motivate them towards personal development. 

This motivation towards personal development can, in turn, be used to guide employees towards acquiring new skills.

3. Engage Employees

Digital certificates are a good way to increase employee engagement by driving friendly competition among employees. This will motivate employees to perform better and work towards a common goal. 

Looking ahead, the demand for skilled professionals is only expected to grow. As technology advances and industries evolve, the need for continuous learning and upskilling will become increasingly paramount. 

In conclusion, addressing the critical need for skills training and digital certification is essential in today’s digital economy. The global skill shortage will continue to grow in the future. 

Taking the necessary steps now to create a framework for meeting the demand for skilled employees is very important. By investing in internal skills training and digital certificates, your organisation can ensure that the impending skill shortage will not pose too many setbacks.


Want to know more about digital certificates? Book a demo with CredSure today!

Sources

  1. ManpowerGroup
  2. Gallup
  3. Fortune
  4. MyShortLister

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