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While researchers and executives frequently use terms like shortages, mismatches, and gaps, various people may have different interpretations of the core premise. Skill Gaps can also refer to a company’s failure to hire people with the necessary abilities to fill job openings. Other times, we use the phrase to characterize an individual’s skill gaps or competence gaps in which they lack the hard or soft skills required to keep current with their employment in administration, production, or service as they grow.
Regardless of how you define it, the result is the same: unnecessarily high company production pressure. Insufficient personnel will prevent an organization from keeping up with market needs, driving sales and revenues to better-equipped competitors across town or borders. Individuals who lack the necessary abilities to complete the job correctly also significantly impact corporate productivity.
This article outlines a six-step process for assessing your organization’s skill gaps. You will have little success filling deficiencies and narrowing the gap until you have that understanding. More significantly, your company will waste time and money by misdirecting its training efforts.
A recent study of more than 600,000 researchers, entertainers, politicians, and athletes found that high performers in the corporate world are 400 percent more productive than average ones. [Source]
The basic elements of effective onboarding consist of extensive training, feedback, check-ins, and hands-on support. Statistics released by UrbanBound stated a standard onboarding program increases retention by 50%. [Source]
Companies are determined to win the war for talent by redesigning their recruiting strategies to capture the attention of the new generation. Yet, the investment into recruiting the new era of workers means little when companies aren’t able to keep them.
Trust is the fuel that helps leadership teams thrive. Reinforcing this point are the findings from Google’s seminal study on what makes a great team at Google: “Individuals on teams with high trust bring in more revenue, are less likely to leave Google, are more likely to harness the power of diverse ideas from their teammates and are rated as effective twice as often by executives.”
It is estimated that 88% of employees believe strong company culture is “at least of relative importance” to business success. Before 2020, team-building exercises, happy hours, and ping pong tables in the breakroom were hyped as methods to bring employees together and create a fun, productive environment.
As new pharmaceuticals are developed, the laws and regulations regarding their production, distribution, and sales are constantly changing. This means that pharmaceutical professionals must stay abreast of all of the latest developments and changes to pharmaceutical law and practice. In addition, pharmaceutical companies must keep abreast of the FDA's constant inspection of their plants and manufacturing areas.
Pharmaceutical compliance training not only ensures employees receive proper education about new regulations and laws, it also prepares them for various industry-related emergencies.
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PlayAblo™ LMS now offers Ready to Use Learning Courses
Building new courses from scratch is hard work. We know it. Which is why PlayAblo™ LMS now comes bundled with multiple soft skills courses like POSH Training, Effective Communication, Time Management etc. Reach out to us and see how you can get our soft skills training courses bundle for FREE!
Learn about: 1. Evolution of eLearning 2. Approach to selecting an LMS 3. Learning traits of your workforce today 4. Implementing, Boosting adoption and Ensuring success of your LMS Platform.