Future Skills Future Thinking USA

Building the Employee Value Proposition – When Recruiting Is a Better Strategy Than Upskilling

• Work-life balance and understanding ofmental health / mental fitness

There may be times when it makes more sense for your business to recruit the skills you need for the future, rather than upskilling your current employees.As a result, it is important to note – as part of this ‘blueprint’ for action – that in a world with changing job needs, skills gaps and a challenging job:employee ratio, a ‘future - fit’ strategy also needs to encompass the attraction and retention of talent (i.e., your employee value proposition (EVP). Given the increasing environment of ‘free agency’, employees have high expectations when it comes to selecting employers, seeking roles where they can improve their skills and knowledge through multiple opportunities; roles which are varied and further their careers, preparing them as individuals for their own future. Therefore, you should ensure that you have a comprehensive learning and development strategy in place, and consider career progressionwithin the roles available, providing interesting opportunities for developmentwhich satisfy people’s desire for security and mobility in the world of work. This demands a continuous learning environment or learning culture, alongside the values and leadership that advocate this approach.

It is important that these factors are integrated into the skills development strategies you develop, but also the actual fabric of the organizational culture, including your processes and policies.

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Only 29% of employees are “very satisfied” with their current career advancement opportunities within their organisation. 76% say that a company would be more appealing if it offered additional skills training to its staff .

Lorman, 2022

What else might be increasingly important to the employees of the future? Research suggests that employees will be looking for:

• Mitigations of the potential for loneliness and isolation in remote work

• Being able to contribute to social innovation and equitability

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