Foreseeing workforce needs and how to meet them
Businesses that want to succeed in the future must prepare for change. In a recent World Economic Forum report, the number of jobs replaced by technology was estimated 52 percent by 2030, with Asia Pacific leading the charge. Faethm is helping employers address this challenge by using artificial intelligence (AI) to forecast future workforce demand and opportunities so they can develop their workers' skills faster than ever before.
To meet these challenges, companies are employing a variety of strategies to ensure they have the workers they need. These include using forecasting and artificial intelligence (AI) to identify skills gaps before they happen. The expected result is that employers will be able to take steps earlier in the process of bringing on new employees—before hiring someone who doesn't fit their needs or hiring more workers than necessary for a given project.
By 2030, there will be 2.4 million jobs unfilled in Asia Pacific alone due to a lack of skills
A recent survey showed that most workers were not being trained in the areas they needed to improve their career prospects. The good news is that we are able to predict with accuracy what skill gaps will exist and how businesses can prepare for them now.
Technology is creating new jobs and requiring new skill sets faster than humans can adapt
Technology is creating new jobs, but it’s also making existing jobs obsolete. This means that employees will need to be flexible and adaptable as they learn how to operate in a world where technology has changed the way we work.
Faethm stabilizes workforce transformation by predicting future demand for skills and opportunities, helping companies prepare for change. It uses AI to predict future demand for skills and opportunities, helping companies prepare for change.
The technology identifies what skills their field staff need and creates a tailored road map for each worker. The system works by using a variety of data, including the job's requirements. It then analyzes these factors together to identify what skills are most important at this moment in time.
The system then builds a custom road map based on these findings that outlines steps toward acquiring those necessary skills over time (e.g., completing classes or certification programs).
Faethm uses AI to build personalized road maps that help workers gain needed skills
Faethm helps companies prepare for change by using AI to predict future demand for skills and opportunities, so they can identify skills gaps before they happen.
Companies need to adapt to this changing landscape and find ways to attract talent. With the help of Faethm's AI, businesses can accelerate workforce transformation by predicting future demand for skills and opportunities, helping companies prepare for change. The technology identifies what skills their field staff need and creates a tailored road map for each worker. This allows them to be more competitive in attracting top talent while also improving productivity among existing employees with new skills.