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Showing posts with the label human capital management

Future of Work: Skills-Driven Employment

The way we work is undergoing huge changes. Technological advancements like automation, artificial intelligence (AI), and cloud computing are fundamentally altering the landscape of office worker employment. Business leaders are grappling with a new reality: the talent skills gap between their current knowledge workers and the growing demands of digital transformation raising the bar of expectations. A recent  International Data Corporation (IDC) survey of North American IT leaders uncovered the latest employee learning and development insights. Nearly two-thirds of respondents reported that a lack of critical skills has resulted in missed revenue growth objectives, quality problems, and a decline in customer satisfaction. These issues represent a significant drag on a company's top and bottom lines. Future of Work Apps Market Development "Getting the right people with the right skills into the right roles has never been so difficult," said Gina Smith, PhD, research direc...

Talent Shortages Disrupt Digital Business Growth

Many CEOs continue to invest in enterprise software to enable digital business transformation. The benefits include improving employee productivity and efficiency, gaining a competitive advantage, staying ahead of the competition, and improving customer service. According to the latest market study by International Data Corporation (IDC), the European enterprise software market grew by 13.1 percent year-on-year in 2022, despite economic turbulence and ongoing global instability. IDC claims that this is the highest growth rate in the prior 20 years, further demonstrating the resiliency of demand for digital business applications software in the face of macroeconomic volatility. Enterprise Software Market Development The growth was primarily driven by the increased price of software licenses, customers locked in with existing partners that were unable to cancel SaaS subscriptions, and contracts signed for longer time periods than was standard in previous years. According to IDC’s researc...