Proof Point
Not being able to innovate effectively and rising people costs identified as top impact of skills gap to companies globally in 2019, according to PwC
Impact of Skills Gap to Companies Globally
2019 (percentage)
| Note: | Data from PwC’s 22nd Annual CEO Survey of 473 global CEOs extremely concerned of skills gap in 2019 |
Proof Point Findings
- Innovation Concerns – 55% of companies in PwC survey concerned of not being able to innovate effectively due to skills gap in 2019
- Rising People Costs – 52% of respondents also concerned of impending increase of employee costs, making it more difficult to hire needed talent
- Quality Control – 47% are worried about quality standards and customer experience being impacted
- Forfeited Growth Opportunities – Other top concerns listed identified include being unable to pursue market opportunities (44%) and missing targets (44%), as CEOs affirm key skills are critical to their growth prospects
- Key Growth Drivers – Include increasing accessibility of emerging technologies, growing demand for business process automation to increase productivity and efficiency, intensifying competitive environment, and heightening need for professionals with up-to-date, specialized skills
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Market Disruption |
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Business Model and Practices Business Model |
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Sector |
Cross-sector
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Function |
Cross-Function
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Source |
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Date Last Updated |
March 8, 2019
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