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Talent Shortage Is An Existential Threat To Business

business employees discussing talent shortage in a meeting

The Employment Equity Act and Skills Development Act will not be enough to save businesses from failure if training and upskilling are only approached from a compliance perspective. Owners, leaders and managers must commit to training their staff with a view to gaining competitive advantage.

Research from Mckinsey and Manpower Group shows that training must be part of business strategy. Going beyond what is required by law must be the minimum employers should do to upskill their employees. A different approach is needed – but what does this entail?

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