The bottom line? Organizations can’t wait to act. Are you searching the right talent pools?,” McKinsey Quarterly, July 13, 2022. 3 Aaron De Smet, Bonnie Dowling, Bryan Hancock, and Bill Schaninger, “ The Great Attrition is making hiring harder. And with 40 percent of workers planning to leave their jobs, attrition is making it harder to retain skills within organizations. 2 “ Skill shift: Automation and the future of the workforce,” McKinsey Global Institute, May 2018. At the same time, digitalization and automation of work activities are leading to further skill shifts, with about 40 percent of Americans and 34 percent of Western Europeans potentially needing to switch occupational groups by 2030. 1 Matthew Smith and Elizabeth Young McNally, “ Building a learning culture that drives business forward,” McKinsey, April 16, 2021. Organizations already face a severe shortage of key talent, and 90 percent say they will have a meaningful skills gap in the coming years. The talent shortage is a critical problem that is only getting worse.
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