MOUNTAIN VIEW, Calif.,
Jan. 25, 2022 /PRNewswire/ -- Digital
talent transformation platform Udacity, together with leading
independent market research company Ipsos, today announced the
findings of the Talent Transformation Global Impact
Report survey. More than 2,000 managers, and more than 4,000
employees were surveyed across the US, UK, France, and Germany. The findings reveal that digital
transformation is stalling due to lack of job-ready digital talent,
and enterprises don't have a way to access the talent they need to
deliver on digital initiatives because hiring is difficult and
retention is low. In addition, the global COVID-19 pandemic has
exacerbated these challenges as the need for skilled employees has
only increased in order to prevent business disruption and keep
pace with technical innovation.
"The talent shortage has reached a crisis pitch," said
Gabe Dalporto, CEO, Udacity. "If
companies do not invest in talent transformation, they are destined
to fail. The lack of job-ready digital talent has become an
existential threat to businesses around the world."
The study revealed that:
- Digital transformation is stalling due to lack of job-ready
digital talent. Research shows that 59% of employers report
that not having enough skilled employees has a major or moderate
impact on their business; France
and Germany are slightly more
likely to say so than the US and UK. In addition, 50% of employers
report that digital transformation initiatives are held back due to
lack of employee adoption or engagement.
- Employers are deluding themselves about the effectiveness of
existing Learning and Development programs. Unfortunately, a
serious disconnect exists between enterprise and employees across
existing Learning and Development programs. Among employers who
offer learning and development programs, the majority (80%)
classify them as at least moderately successful. On the other hand,
among employees with access to these learning and development
opportunities, less than half say they are completely or
very satisfied with the programs (45%).
- Job-ready digital talent is more important than
ever. Job-ready digital talent is most important to
enterprises to enable digital transformation within the enterprise,
meet innovation goals, increase retention, and increase employee
job satisfaction and happiness. For example, 44% of employers
report that employee turnover is hindering the company's ability to
achieve goals.
- Younger employees across regions expect employers to pay for
talent transformation initiatives. In all countries, a
majority of younger people aged 18 - 49 believe their employers
should invest in their future by providing skill training. In
Germany, 69% of people aged 18 -
29 hold these expectations.
"Employees and employers are in agreement that companies have a
responsibility to invest in the future of their employees," said
Christopher Moessner, Senior Vice
President at Ipsos. "This research executed by Ipsos is a wake-up
call for enterprises to invest in talent transformation or risk
falling behind. It's a win-win for employees who desire the most
in-demand tech roles and for employers who are not able to hire the
right people to meet current and future demand."
Methodology
Udacity partnered with Ipsos to conduct two online surveys
between August 29 – September 26, 2021. The two surveys were defined
as:
- a sample of 2,008 employed adults working in managerial roles
or higher from the U.S. (502), the U.K. (502), France (502), and Germany (502), across various industries, in
English, French, and German
- a sample of 4,006 general population adults aged 18+ — with
nationally representative subsamples in the U.S. (1,002), the U.K.
(1,004), France (1,000), and
Germany (1,000), in English,
French, and German
To access the full report visit: Talent Transformation Global
Impact Report.
About Udacity
Udacity changes lives, businesses, and
nations through radical talent transformation in digital
technologies. Udacity's global, online talent transformation
platform focuses on in-demand digital technologies, mentor support,
and project-based learning taught by industry experts. Programs
include real world content for job-ready competencies in artificial
intelligence, machine learning, data science, autonomous systems,
cloud computing, among other disciplines. Udacity has more than 100
enterprise customers including Airbus, Bertelsmann, BNP Paribas,
Leidos, Mazda, and the United States Air Force. Udacity
collaborates with more than 200 global industry partners including
Google, Facebook, Mercedes-Benz, and NVIDIA to power technical
education. Headquartered in Mountain
View, Calif., the private company has operations in the
United Kingdom, Egypt, Germany, India, and the United Arab Emirates. Udacity has raised
$163 million in funding to date from
investors including Bertelsmann, Andreessen Horowitz, Charles River
Ventures, and Drive Capital. For more information, please visit
www.udacity.com.
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SOURCE Udacity