There are several strategies businesses can adopt to address skill mismatch:
Continuous Training: Implement ongoing training programs to ensure employees' skills are up-to-date. Collaboration with Educational Institutions: Partner with universities and other educational institutions to align curricula with industry needs. Internal Mobility: Encourage internal mobility to allow employees to move into roles that better match their skills. Use of Technology: Leverage AI and other technologies to identify skill gaps and tailor training programs accordingly. Hiring Practices: Adjust hiring practices to focus on skills and potential rather than just formal qualifications.