Three strategies to address this shortage
Upskilling and reskilling
With the retirement of the Baby Boomers, many organisations face a shortage of skilled workers. By upskilling internal employees, you can bridge this gap. Use a structured recruitment process to remain objective and develop an action plan for a smooth transition to new roles.
Why upskilling and reskilling?
Internal mobility
By teaching current employees new skills, you promote internal mobility and retain valuable knowledge within the company.
Cost savings
It is often more cost-effective to upskill existing employees than to hire and train new employees.
Motivation and loyalty
Employees appreciate the opportunity for professional development, which increases their motivation and loyalty.
Tap into new talent pools
Expand your talent pools by collaborating with educational institutions and focusing on employees looking to make a career switch. Identify which skills they already have and which ones need to be developed.
How to tap into new talent pools?
Educational institutions
Work with colleges and universities to gain access to emerging talent.
Transferable skills
Focus on candidates with transferable skills from other sectors.
Traineeships
Offer traineeships to bridge the gap between education and work.
Offer flexibility
People’s work preferences have changed. Flexibility in workplace and schedule is now more important than ever. Use assessments to align the work styles of managers and employees and ensure good collaboration.
Benefits of flexibility:
Work-life balance
Flexibility helps employees find a better balance between work and personal life, leading to higher satisfaction and productivity.
Diversity and inclusion
Flexible work options enable the attraction and retention of a more diverse workforce.
Adaptation to changing circumstances
Flexible work arrangements allow organisations to quickly adapt to unexpected changes, such as pandemics.
Use Profile XT (PXT) and PXT Select
PXT and PXT Select provide valuable insights and reports to support these strategies. The Coaching and Selection Reports offer specific feedback and help identify the strengths and weaknesses of candidates.
Why PXT and PXT Select?
Tested for reliability and validity
Both assessments are tested for reliability and validated regularly. The product pages describe the reliability figures.
Objectivity
PXT and PXT Select can help reduce bias in the selection process by adding structured data about candidates’ abilities.
Insight into strengths and weaknesses
Our tools provide detailed insights into the strengths and weaknesses of candidates, helping to make well-informed decisions.
Conclusion
Addressing the current and future talent shortage requires a strategic and proactive approach. By investing in upskilling and reskilling, tapping into new talent pools and offering flexibility, organisations can respond better to these shortages. PXT and PXT Select add structured information to decisions about selection and development.
Would you like to see how PXT or PXT Select fits your selection process? Request a demo.
