- Skills like risk management and project management are solid investments because the cost to develop these skills is high but the payoff can last as long as a person’s entire career, according to a Feb. 9 Skills Compass Report 2023 from Coursera and The Burning Glass Institute.
- “Thirty-seven percent of the average job’s skills have been replaced just over the past five years,” Matt Sigelman, president of the Burning Glass Institute, said in a blog post. “Such a breathtaking pace of change makes it very difficult to determine which skills to invest in or how different training options will pay off.”
- The report used data from more than one million people and millions of job listings to identify the top skills to invest in in the workplace based on time-to-skill, skill value and skill longevity.
Leaders time and again identify the skills gap as a hurdle in their businesses. Workers, they say, don’t have the skills needed to perform their open roles.
A Feb. 6 report by the National Skills Coalition and the Federal Reserve Bank of Atlanta found that while 92% of jobs require digital skills, only one-third of workers surveyed have the skills needed for those jobs.
And research from the Association for Talent Development found workplace learning investment increased between 2020 to 2021.