TLDR:
- Cybersecurity, cloud, and software development are the top areas with skills gaps according to Pluralsight’s 2024 Technical Skills Report.
- Upskilling current employees is more cost-effective than hiring new talent.
The 2024 Technical Skills Report by Pluralsight highlights the critical need for foundational technology skills in cybersecurity, cloud, and software development. The study, based on surveys of 1,400 executives and IT professionals, emphasizes the importance of upskilling in these areas to drive business value. Cybersecurity was identified as the most lacking skill, followed by cloud and software development.
Upskilling current employees was found to be more cost-effective and efficient than hiring new talent. While hiring is often seen as a quick solution, the report shows that upskilling offers significant benefits in terms of cost savings and time. Organizations that invest in upskilling can not only address skills gaps but also boost employee confidence and engagement.
The study also underscores the importance of creating a culture of continuous learning within organizations. Lack of time was identified as the primary barrier to successful upskilling programs. By prioritizing upskilling and fostering a culture of learning, organizations can improve employee engagement and performance while closing skills gaps.