![]() Employees want to upskill and reskill to stay relevant they are eager to showcase their skills and be recognized for them.”Ĭhallenges persist as 9 out of 10 of global employees face difficulties to showcase their skills due to the lack of SFT adoption or accurate skills intelligence tools like iMocha. ![]() However, only 44% feel sufficiently supported in upskilling, despite 69% recognizing changes in required skillsets.Īmit Mishra, CEO and Founder of iMocha stated, “The operational landscape, especially in tech-driven sectors, has become extremely dynamic, and only a Skills-First Transformation is expected to keep enterprises steadily moving on the path to sustainable growth. Notably, 4 out of 5 employees prefer companies with a skills-first approach, directly influencing enterprise success. Additionally, SFT adopters exhibited 2x higher revenue growth in the past two to three years compared to non-adopters. Skills intelligence plays a crucial role in these transformations, with ‘Building Future Skills’ now a priority amidst tech and business disruptions.Įnterprises adopting SFT report significant HR improvements, especially in employee retention and performance optimization. The findings reveal that 56% of companies worldwide are embracing SFT, with US-based enterprises leading this trend at 74%.The report indicates that over half of global enterprises, particularly in telecom (66%), technology (66%), and IT (58%), have adopted Skills-First approach.The US leads this transformative shift, emphasizing the development of diverse HR capabilities beyond traditional roles. The study further covered SFT’s position among the various priorities of HR leaders, business benefits, views from employees on benefits for them and challenges to be overcome along the way. This report is based on primary research via interviews and surveys with 560 HR leaders and employees across BFSI, IT, Tech, Telecom, and other industries across the US, EMEA, India, SEA and ANZ regions.Īs “Skills-First” approach is being widely advocated by industry leaders and analysts, the research was focused on finding the prevalence of ‘Skills-First Transformation’ (SFT) among global companies and industry sectors. iMocha, the leading AI-powered Skills Intelligence Cloud platform, along with EY, the leading professional services organization launched their second report on Skills transformation today, titled, “The Skills-First Transformation: A new approach to unlocking talent potential”.
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