Business research shows skilled workforce key to delivering performance

Surabaya, Indonesia – Research conducted by the global leader in Business Execution software, SuccessFactors, an SAP company, revealed that having the right skills within a business helps deliver a great performance; however, if the business doesn’t have access to the people with the skills, then business performance levels will naturally deteriorate.
 
With a lack of key business skills, companies face a multitude of crippling problems. The fast talent shortage from retiring workers is enough to originate problems on its own, but rapid technological development is also worsening the skills shortage.
 
Computer sciences and engineering are particularly vulnerable, with 36% of IT companies and 28% of energy companies expecting large increases in staff over the next three years. They are not alone – many industries face threats to their workforce capabilities.
 
As the workforce ages and the talent shortage gets worse, companies face severe threats to their competitiveness. Fundamental tasks and business processes cannot be completed efficiently, leading to capacity bottlenecks, capability issues and reduced business performance. Problems in guarantee the key skills your business needs will influence your business performance.
 
In an attempt to diminish the risks, many companies are already implementing workforce planning and staff development plans. Companies are investing in the talent already inside the business and implementing employee development strategies to equip themselves with the skilled workforce they need.
 
Company leaders concerned with the effect of the talent shortage can take SuccessFactors’ quick benchmarking test to see how their company compares to other companies. The test gives immediate recommendations on what businesses can do to improve and where they can get guidance on creating a winning talent management strategy.
 
To take SuccessFactors’ quick benchmarking test, visit http://www.successfactors-skilledworkforce.com/benchmarking.php. Moreover, visit www.successfactors.com to read more about the company’s range of business execution software.

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