Two thirds of executives name skills as the biggest barrier to their strategy. Yet the average company spends less than 1% of payroll on learning, and most of it on short courses that change little.
What works
- Map the skills each strategy needs, three years ahead
- Build academies with real projects, not just classes
- Move people across units to grow them faster
- Make managers accountable for developing their teams
You cannot hire your way out of a skills gap. You have to grow your way out.
