(Santa Monica, CA, Monday, October 7, 2019) – Cornerstone OnDemand, Inc. has released its latest workforce trends report Building an Adaptive Workforce: The Demand for Transparency and Skills Development. The report reveals insights on how individuals and businesses can bridge the gap between current skill sets and the skills required for job security, continued career growth and agility in the changing future of work.
The survey of Americans revealed important information for employers who want to train their workforce related to baby boomers, Gen X and millennials:
- 53% aren’t sure they have the skills to withstand a future layoff;
- 83% believe it is essential to improve professional skills;
- 60% of boomers feel insecure with their current skill sets; and
- 53% of millennials say their employers help them identify the skills they need, while only 37% of boomers agree.
Because employees are ready to learn, corporate development initiatives are highly valued as a means to avoid job loss, increase workforce confidence and encourage promotions as well as career mobility. With lack of certainty about the future of work, 50% of respondents see the ability to complete tasks beyond the immediate job assignment as key for promotion. To learn more about the role of skills development in job security and career mobility, download the report here.