Do you have the ‘skills for the future’?

Half of Aussies believe their employers are maximising their potential

Do you have the ‘skills for the future’?

Business innovation isn’t just about purchasing the latest technology – it’s also about developing workers who possess a balance of technical and people skills, Commonwealth Bank’s 2019 Business Insights report suggests.

Three out of four Australians (76%) on average are confident they possess the right skills to meet new business demands, especially if these require competencies such as interpersonal or critical thinking skills.

The percentage of Aussies who believe they are equipped for the future of work rises to 86% among those working for innovative companies.

Skills

Employees of non-innovative firms

Employees of innovative firms

Communication & interpersonal skills

60%

65%

Adaptability & flexibility

57%

64%

Critical thinking, problem solving

59%

56%

But while workers recognise the value they bring to the business, only 51% believe their employers are making full use of their potential.

Those who work for future-ready organisations (62%) have a slight advantage, however, considering how their employers invest in learning & development programs.

Employees of innovative firms believe they are given continuous training opportunities in order to keep them innovative, creative and competitive. They are also more likely to enjoy special benefits such as workplace flexibility and wellbeing initiatives, the report said.

“There is therefore a substantial opportunity for all organisations to better leverage (or further develop) the skills of their employees to drive change,” the researchers wrote.