Upskilling/reskilling helps bridge the skills gap between rising and declining skills
For each of the talent groups, we can see which skills are declining and which are rising.
For business support roles, for instance, data entry and GAAP Standards are declining. Social media management and digital marketing are increasing. For front office roles, cash management and call center support are on the decline, while digital sales and investment banking are on the rise.
This is where “adjacent skills” come in. By building upon adjacent skills, employees can be upskilled and reskilled into skills that are rising in the workforce.
Take a bank’s systems administrator, for example. It’s a role that’s declining in prevalence. There are a number of career tracks, and careers in rising roles, that a system administrator could pursue: business systems consultant; cloud engineer; network engineer; technology manager; or DevOps engineer.
We can analyze how the current and future (rising) roles are related; the relation, for example, between a Systems Administrator and a cloud engineer. There is a high degree of skills overlap. SQL skills, VMWare, and Troubleshooting skills are common in both positions. There are also a number of adjacent skills.
From there, we can see the new skills required for a systems administrator to transition into cloud engineering, such as Java, Python, and Amazon Web Services.
