Reported 6 months ago
McKinsey executives warn of a looming 'skills tsunami' and 'silver tsunami' hitting the workforce simultaneously, as there are 2.5 million more job vacancies than seekers in the U.S. Senior partner Anu Madgavkar highlights the need for new capabilities due to AI advancements, as well as the loss of talent with older workers retiring. To adapt, companies must focus on employee support, nurturing, and productivity growth, with AI playing a crucial role. Businesses are also considering restructuring their workforce and addressing talent shortages in tech and skilled trades.
Source: YAHOO