Reskilling employees

Increasing headcount through the end of 2024 may not be feasible for some U.S. companies, as 33 percent of hiring managers say budget constraints or the inability to hire is responsible for stagnant or decreasing hiring plans. However, reskilling current employees may be the key to balancing the desire to strengthen workforces while keeping costs in line, according to a recent Express Employment Professionals-Harris Poll survey.

More than two-thirds of hiring managers (68 percent) — an increase from Spring 2021 (60 percent) — report their company plans to reskill employees this year (i.e., train a current employee for a new position or teach them new skills for their current role).

Among those who plan to reskill employees, the majority intend to offer company-led training sessions or programs either during or outside work hours (71 percent). Many also report their company plans to provide on-the-job training by other employees (62 percent) or third-party training or courses (46 percent). Notably, 16 percent say they plan to use artificial intelligence (AI) to help train employees.

About the survey. The Job Insights survey was conducted online within the United States by The Harris Poll on behalf of Express Employment Professionals between May 16 and June 3, 2024, among 1,003 U.S. hiring decision-makers.

Source: Express Employment Professionals.

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