How to BEAT the SKILL GAP

Skill gaps are real, but how they affect your business is really up to you. 

 

In this video, Bryan tackles skill gaps head-on and ensures your team has the skills needed to succeed.

 

Understanding the Skill Gap

 

The skill gap is the difference between an employee’s current skills and what the job requires. Skill gaps hinder productivity, innovation, and overall organizational success.

 

When a skill gap can negatively affect your business that much, it’s crucial to address it quickly. 

 

How do you do that? Let’s get into it.

 

Training and Upskilling

 

Decision-makers must always be future-focused when considering their company’s and team’s growth. Investing in training programs helps keep the team and company up-to-date with industry standards. 

 

Hiring Offshore: The International Talent Pool Advantage

 

When recruiting, prioritizing candidates with the required qualifications is crucial. This might mean expanding the search beyond the local talent pool. 

 

Embracing diversity in skills and backgrounds by hiring offshore is beneficial. Recognizing that talent and skill are not centralized or limited to a specific region, especially with the internet making global knowledge and education accessible, is key. 

 

Not only that, but you also get fresh perspectives from around the world!

 

Lifelong Learning Culture

 

Encouraging continuous learning within an organization prevents skill gaps from forming. Allotting a budget for workshops, webinars, and certifications supports employees’ skill development and career progression. These initiatives boost motivation and engagement, ensuring that the team remains adaptable and forward-thinking. 

 

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Addressing skill gaps involves understanding the gap, investing in training and upskilling, hiring offshore talent, and fostering a culture of continuous learning. This comprehensive approach ensures the team has the necessary skills to meet business objectives effectively.

 

If you enjoyed this episode summary, go ahead and click that play button for even more valuable information. 

 

And don’t forget to like, comment, and subscribe to The Philippine Business Playbook podcast on YouTube, Spotify, and Apple Podcasts. Thank you for tuning in!

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