The persistent challenge for organizations lies in addressing the ever-widening skill gap. Recent surveys indicate that 87% of HR executives have acknowledged or anticipated primary skills gaps within their workforce. This statistic has prompted a paradigm shift in how businesses approach talent development and upskilling. AI-powered LXP is the dynamic solution reshaping how organizations bridge
The World Economic Forum estimates that, by 2025, 50% of all employees will need reskilling due to adopting new technology. Effectively addressing employee skill gaps is paramount for fostering sustained growth and strengthening workforce competitiveness. Recent insights from Lorman indicate that 80% of U.S. workers believe regular and frequent training surpasses the significance of formal
In the era of rapid digitization shaping workplaces, businesses rely on technology to manage employee data, emphasizing the critical role of safeguarding confidential information in HR functions. The statistics reveal a concerning reality where 1 in 10 employees (13%) have been affected by an employer’s data breach, leak, or hack. HR professionals must stay updated
Diversity, equity, and inclusion (DEI) initiatives have recently come under fire and are at the center of fierce political debates in many countries. Attracting a diverse workforce has never been more important for companies, especially for those who want to hire and retain the best and brightest candidates. According to McKinsey, companies with the most
Employee engagement is essential for all types of businesses. It will reduce employee turnover and promote a more favorable workplace culture. Additionally, increased employee learning and engagement results in higher production rates, improved relationships among coworkers, and stronger relationships with customers. These advantages work together to have a direct, beneficial effect on business profits. Compared