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How Bad Is the Skills Shortage? 10 Data Points That Tell the Full Story

Vervoe

A recruiter reached out to me on LinkedIn last week to ask if I’d interview for their content manager role. Researchers expect an 85 million person shortage by 2030 — equivalent to the current Turkish population. trillion loss in potential annual revenue in 2030. At the current rate, there’ll be 85 million unfilled jobs by 2030.

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9 Benefits of Employee Development

Linkedin Talent Blog

Investing in learning programs can help your organization and team members enjoy the many benefits of employee development. Addressing skills gaps and future-proofing your organization Skill sets for jobs have changed by around 25% since 2015 and this number is expected to grow to 65% by 2030.

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4 Compelling Reasons to Choose Skills over Degrees

Vervoe

A Korn Ferry study predicts that there will be a global human talent shortage of more than 85 million people by 2030. Consider the following statistics: Since 2019, there has been a 20% increase in managers hired without a four-year degree, according to a LinkedIn study. Skills-based hiring improves employee retention.

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Elevate Your Tech Team with These 4 Free Soft-Skills Courses

Linkedin Talent Blog

Skills are evolving more quickly than ever, especially for tech pros According to LinkedIn’s recent report AI at Work , the skills required for many jobs have changed by 25% since 2015 and that number is expected to reach at least 65% by 2030, in part because of the rapid development of new technologies like generative AI.

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2 Companies That Are Getting Internal Mobility Right

Linkedin Talent Blog

Internal mobility offers many benefits , including increased retention, engagement, and agility, as well as reduced cost and time of hiring. According to LinkedIn data, employees at companies with high rates of internal mobility stay 60% longer than those at companies with low rates of internal mobility.

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Why Career Coaching Is a Must-Have for Successful L&D Programs

Linkedin Talent Blog

Benefits of career coaching Integrating career coaching into a professional development program offers many benefits to your organization — and to your team members. Close skill gaps Skill sets for jobs have changed by around 25% since 2015, with that number expected to reach at least 65% by 2030.

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What is upskilling?: The Future of Organizational Talent Management

Devskiller

An effective development program can be vital to the employee engagement and employee retention of your organization. The benefits of upskilling are many. By 2030, the global upskilling market is anticipated to soar to $370 billion. Upskilling opportunities also help by improving employee engagement.