Businesses are increasingly unable to find talent with the skills they desperately need, leading to a significant skills gap and affecting innovation and growth.
A recent report indicates that by 2026, over 90% of organizations globally will face an IT skills crisis, resulting in a staggering revenue loss of $5.5 trillion.
While general unemployment is low, a skills mismatch has led to high job instability, with only 25% of employees confident in their current career paths.
To combat the talent crunch, businesses must focus on enhancing employee experience and providing flexibility in work hours, job sharing, and locations to attract talent.
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