Amid labor and skills shortages, companies are increasingly turning to reskilling as a viable solution. According to a survey conducted by The Harris Poll on behalf of Express Employment Professionals, 70% of US hiring managers prefer to train their current employees for different roles rather than hire new workers. This figure is down from 77% in the first half of 2021 and 75% in the second half.
Mike Nolpho, a franchise owner from New Jersey, believes that providing training is essential in order to bridge the skills gap, which is becoming increasingly prevalent. Moreover, 89% of hiring managers reported their companies provide and/or pay for training. 78% of both hiring managers and employed Americans agree that employers should be responsible for upskilling, reskilling and providing training for employees.
Express Employment International CEO, Bill Stoller, recognizes the urgency for action and suggests government incentives for certain sectors to ensure the stable and balanced workforce of the future. He emphasizes that upskilling and reskilling must be undertaken on both sides to ensure an adequate and skilled workforce.