Workforce Skills Gap: 70% of Leaders Report Financial Suffering

70% of leaders believe their businesses are suffering financially due to workforce skills gaps, according to Springboard for Business's State of the Workforce Skills Gap Report. The report reveals misalignment between leaders and employees in terms of necessary competencies and in-demand skills, highlighting the impact on revenue loss, limited innovation, decreased productivity, and higher recruitment costs. Transformative upskilling and reskilling programs are suggested to address critical skills gaps and increase employee engagement and retention.