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Improving employee competency and efficiency does result in gains, but they’re less concrete. Some employees may increase their efficiency by 20 percent, while others may improve by more or less. Higher quality training leads to greater knowledge retention and shorter timelines for knowledge acquisition, making them more efficient.
The more training you offer, the more efficient and effective employees are in a role. Retaining existing employees is far more cost-efficient than hiring and training new talent. L&D Programs Enhance Employee Performance When working for a company, the number one thing that people find most valuable is knowledge.
UBER and Air-BNB are the companies who have perfected this model and have radically democratized the taxi and hotel industries, tapping into un-utilized excess capacities and ultimately making the economic system more efficient. Globalization and increased connectivity have enabled easy access to talented professionals around the world.
Selvesware invites workers and managers to digitally amplify their talents and attributes, while monitoring and minimizing weaknesses. The next step is obvious: Enable digital twins — or triplets, quadruplets, septuplets — to help GE’s human assets become more productive and efficient, too.
According to PWC , talent, technology and data will set winning professional services firms apart from the competition. Technology combined with data is a matter of life and death for professional services firms where the “product” is a combination of insights and expertise. Retain talent? Market trends? Can they scale?
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