56% Enterprises Globally are Undergoing 'Skills-First Transformation' (SFT) and they are Clocking 2x Revenue Growth Compared to their Peer Group: iMocha-EY Report
PUNE, India and SAN FRANCISCO, Nov. 22, 2023 /PRNewswire/ -- Driving a transformational shift, 56% companies worldwide are embracing a 'Skills-First Transformation' as per the latest report by iMocha-EY India. iMocha, the leading AI-powered Skills Intelligence Cloud platform, along with EY, the leading professional services organization launched their second report on Skills transformation today, titled, "The Skills-First Transformation: A new approach to unlocking talent potential". This report is based on primary research via interviews and surveys with 560 HR leaders and employees across BFSI, IT, Tech, Telecom, and other industries across the US, EMEA, India, SEA and ANZ regions.
- PUNE, India and SAN FRANCISCO, Nov. 22, 2023 /PRNewswire/ -- Driving a transformational shift, 56% companies worldwide are embracing a 'Skills-First Transformation' as per the latest report by iMocha-EY India.
- Additionally, SFT adopters exhibited 2x higher revenue growth in the past three years compared to non-adopters.
- Employees want to upskill and reskill to stay relevant; they are eager to showcase their skills and be recognized for them."
- With compelling evidence of enhanced employee satisfaction, improved business performance, and remarkable revenue growth, the report serves as a guide for enterprises interested to adopt a 'Skills-First' approach and to stay relevant in a competitive environment.