“Sixty-five percent of survey respondents overall said they expect their HR budgets to increase in 2020, while only 17% expect a decrease and 19% expect no change. The survey received responses from 373 HR leaders of director level and above globally.”
According to global research, the time it takes to close a skills gap through training has increased by more than 10 times in just four years. In 2014, it took three days on average to close a capability gap through training in the enterprise; in 2018, it took 36 days.
“Continuous education and self-improvement are imperative to keep up with work and life in a rapidly changing world. A book by Bradley Staats explains the benefits of dynamic learning and outlines the methods of becoming more effective as a lifelong learner.”
The trend toward more complex, multi-skilled jobs isn’t new, but it’s speeding up. A study projects that hybrid jobs will grow by 21% over the next decade, that’s more than twice the 10% growth rate of the global job market overall.
“Global Cosmopolitans are proficient at building bridges between contexts, which includes helping organizations adapt to new markets. But even after they have slaked their wanderlust and decided to settle down in one place, the learning-oriented mindset they have developed will serve them (and their organizations) in good stead.”
via INSEAD Knowledge