There’s a big skills gap at work right now

Although the peak of the Great Resignation may be over, many companies are still struggling with the fallout.  Nearly seven in 10 human resource professionals

believe their organization has a skills gap, according to Wiley’s Closing the Skills Gap report published Tuesday. And those concerns are growing. In 2021, for example, only about

55% of HR and recruiting employees surveyed reported this issue. Among C-suite executives, 68% admit their organizations have a skills gap, up from 60% in 2021. Unsurprisingly,

about 69% of managers—typically those on the front lines of the recruiting and retention challenges—say they’re regularly dealing with a workforce that doesn’t have the skills

they need.  More organizations are struggling with this problem due, in large part, to the ongoing churn seen throughout the labor force. Even though the rate of workers

quitting peaked in the U.S. in December 2021, there were still 4.2 million workers quitting as of November. The high rate of turnover means that companies are having an

increasingly difficult time filling key positions. Wiley’s survey found 40% report struggling to retain workers, while 26% can’t hire enough qualified employees—and an additional

32% report they struggle to do either.   Unfortunately, Wiley’s findings show that most organizations are not equipped to handle this pervasive skills gap. Indeed, 40%

of companies report they don’t have the resources to reskill or train their employees. Moreover, about a third believe their company’s compensation packages aren’t competitive

enough in the current recruiting environment.