Why Skills Matter
Particularly for organizations that rely on their people to succeed, business results depend on designing and implementing the right talent management strategies to upgrade core skills at work to help your people and your business.
In fact, our organizational alignment research found that talent accounts for 29% of the difference between high and low performing organizations in terms of profitable revenue growth, customer loyalty, leadership effectiveness, and employee engagement.
Companies that do it well ensure that they have the right people with the right capabilities in the right positions at the right time.
How to Upgrade Core Skills at Work
The first step required to upgrade core skills is pretty logical — assess and prioritize what capabilities are needed now and in the future to maintain your competitive advantage. The second step, actually developing those capabilities to change on-the-job behavior and performance, is a bit more complicated and difficult to achieve.
Once you have identified the skills that matter most, we recommend that you:
For example, while new managers face similar challenges across companies and industries at the macro level, we have found that what makes for a high performing manager in one company is not necessarily universal because of different strategies, cultures, and contexts.
The Bottom Line
However you go about accelerating learning to upgrade the core skills of your employees, make sure that you focus only on what matters most and create the motivation to change. When it comes to behavior change, less is more. Do you know the critical skills that have the highest correlation to success for your business?
To learn more about how to upgrade core skills, download The Top 6 Skills for High Performing Leaders
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