Workers want to be upskilled, but businesses aren't doing it Company leaders* say they face challenges caused by skills shortages, and they appear to be overlooking the potential for internal talent to fill these gaps. This mentality is at odds with workers who are increasingly looking to be upskilled: 76% of employees (compared with 64% last year) say that companies should train existing employees for different roles before hiring external candidates. Company leaders are depending too much on buying talent – instead, they should take a balanced approach also building skills from within. Investing in upskilling and internal mobility will give organisations a competitive advantage, enabling them to successfully navigate change. Business leaders need to make more of existing talent opportunities While employees value internal mobility more and more % % 65 52 64% 76% of business leaders* agree But only half have 2023 2024 that skills shortages are having implemented strategies to of workers agree that companies should a moderate to significant encourage internal mobility train existing employees for different impact on their company roles before hiring external candidates *The Adecco Group, April 2024, Leading Through the Great Disruption: Q1: To what extent are the following megatrends impacting your company today? Talent scarcity or skills shortages. | Q8. In which of the categories listed are you taking significant initiatives to improve your talent strategy? - Piloting or have successfully implemented | Q26: To what 30 extent do you agree or disagree with the following statements about recruitment?