What is a skills gap?

A skills gap is the difference between an individual’s knowledge level and the required criteria for the position. A skills gap can refer to a person’s lack of competence concerning a job or a general lack of skilled applicants in the labor market.

Why should HR leaders care about a skills gap?

HR leaders must know how to address a skills gap. A skills gap can pose a challenge when identifying qualified candidates both internally and externally. HR leaders will need to focus on closing the skills gap to ensure a productive, high-performing workforce and efficient usage of the company budget.

Why should reducing the skills gap be a part of modern HR strategy?

High employee performance is an essential ingredient in any successful company. By employing methods to reduce the skills gap, HR leaders can facilitate conditions in which people can thrive professionally, increase their value, and contribute to the success of their company.

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