There has been a significant evolution of the global workforce over the last decade. Being one of the leaders in HR domain, ProCUREHR has observed that there is a continuum in this arena. There are multiple factors such as an increasingly competitive business landscape, rising complexity, and the digital revolution which are reshaping the mix of employees. Moreover, persistent uncertainty, a multigenerational workforce, and a shorter shelf life for knowledge have placed a premium on re-skilling and up-skilling.
The paradigm shift to a digital, knowledge-based economy means that a vibrant workforce is more important than ever. After going through a grilling research we have identified that a very significant percentage of market capitalization in public/private companies is based on intangible assets—skilled employees, exceptional leaders, and knowledge.“L&D—from evolution to revolution”