Although artificial intelligence (AI) and other emerging technologies dominate the headlines, people remain the lifeblood of any successful organization. And a recent study by the skills-development company Guild found that 97 percent of business leaders view attracting talent as a priority this year, with 69 percent labeling the need as urgent. A record number of baby boomers are set to leave the workforce over the next five years, and more than 8 in 10 leaders are concerned about losing institutional knowledge as workers retire.
At the same time, three-fourths of leaders are concerned about meeting the expectations of Gen Z. Although compensation and flexibility are always important, today's prospective employees want their company to invest in them:
- Nearly 90 percent say that, when job hunting, they are looking for an employer with career advancement opportunities and ways for them to progress.
- Three-fourths would be somewhat or very likely to leave for a new role if it offered additional education or career opportunities.
Companies can differentiate themselves by providing true career mobility opportunities, the survey report said.
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