Proof Point

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Significant retraining and upskilling named in PwC study as most important strategy to close potential skills gap in organization across all regions in 2019

Most Important Strategy to Close Potential Skills Gap in Organization
2019 (percentage)

Note: Data from PwC’s 22nd Annual Global CEO survey of 1,378 chief executives from more than 90 territories
Proof Point Findings:
  • Global Retraining – 46% of global CEOs surveyed by PwC aims to retrain and upskill current employees to close potential skills gap in their organizations in 2019
  • Looking Outside Industry – More than one-fourth of executives from Middle East and one-fifth of from Western Europe see hiring outside their industries in 2019 as plausible strategy for closing skills gap, higher than global average
  • North American Strategies – Aside from retraining, establishing strong pipeline direct from educational institutions ranked as top strategy for North American companies to address skill gap in 2019
  • Necessary Adjustments – PwC stresses importance of businesses and government working together to promote culture of adaptability and lifelong learning to spread benefits of technology and to improve STEM skills allowing people to perform new roles and tasks
  • Key Growth Drivers – Include rapidly evolving business environment, increasing demand for up-to-date and specialized skills, growing adoption of emerging technologies to improve business processes, and intensifying global competition
Business Model and Practices: Smart, Creative People
Sector: Cross-sector
Function: Cross-Function
Source: 

Date Last Updated: March 28, 2019

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