{"id":7579,"date":"2017-08-10T07:00:33","date_gmt":"2017-08-10T15:00:33","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=7579"},"modified":"2017-06-15T07:22:26","modified_gmt":"2017-06-15T15:22:26","slug":"skills-half-life-businesses-struggle-to-keep-employee-skills-relevant","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/skills-half-life-businesses-struggle-to-keep-employee-skills-relevant\/","title":{"rendered":"Skills Half Life: Businesses Struggle to Keep Employee Skills Relevant"},"content":{"rendered":"

PwC recently released a report <\/a>detailing the struggles many businesses are having trying to get their employees up to speed with digital technologies. \u00a0Less than half of businesses feel that they have enough savvy to be able to successfully use new digital technologies within their organizations.<\/p>\n

One reason for the lack of confidence is the speed that technology changes. \u00a0What some people are calling the “half life” of certain digital skills is continually shrinking, requiring workers to continually be off balance as they need to be training to keep up with the changes.<\/p>\n

George Corbin<\/a>,\u00a0senior vice president of digital at Marriott, commented that<\/a> the “skills half-life” of \u00a0a hotel worker is 12 years. \u00a0These are workers with skills in areas like sales, operations and finance. \u00a0Twelve years from now half of what employees have been trained to do today will be considered irrelevant. \u00a0But in terms of digital skills, the rate of change is much faster. \u00a0Corbin said that the skill half-life for digital skills is only 18 months. \u00a0This means that people, especially those working with technology, must continually be learning new skills in order to stay relevant.<\/p>\n

The 18 month estimate seems pretty short. \u00a0A number of other estimates for IT half lives<\/a> have been made, with some estimates not quite that short, but whether it is eighteen months, three years or five years, the pace of change is still moving very quickly.<\/p>\n

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PwC recently released a report detailing the struggles many businesses are having trying to get their employees up to speed with digital technologies. \u00a0Less than half of businesses feel that they have enough savvy to be able to successfully use…<\/span><\/p>\n

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