Companies in all sectors are facing the same challenge - how to overcome the increasing skills gap that is taking momentum in almost all domains of work?
It is no secret that the skills gap is expected to rise. In fact, talent shortage is expected to cause a loss of $8.5 trillion by 2030 in the United States alone, according to PwC. Most decision-makers believe that this threat will be the biggest business disrupter in the upcoming years. The situation is pressing the businesses to make serious changes in strategy, and to do it fast because the results could make all the difference in their competitive positioning.
Upskilling and Hiring for Skills
In line with all this, a common dilemma for the decision-makers is: Do we have to invest more in upskilling or in hiring for skills? Both seem like equally viable options you would choose from when faced with a shortage of talent.
Many employers have reported having trouble finding the right qualifications, while hiring managers anticipate a significant shift in the required skills for jobs today. Not only this, but most of the existing work force also worry that their skills could become less relevant in the future, and they would therefore be willing to develop their skill set in order to stay up to date. It turns out this is legitimate reasoning, as The World Economic Forum states half of today’s workforce will need reskilling by 2025. And yet, most companies still do not choose to invest significantly in the further training of their employees. Research by Salesforce shows that, while three in four workers believe they do not have the skills required by their company, only 28% are participating in training programs.
Upskilling is the effort of advancing team members' skills through continuous education and training. What this really means is investing in your team, the people who already have an in-depth knowledge of the company culture and clients’ needs.
Not only does this help in closing the skills gap, but it is also found that up to 94% of employees would choose to stay longer in a company that actively invests in their careers. Upskilling has been shown to bring an increase in loyalty, build a community and increase productivity.
All of this makes upskilling a reasonable option, but many organizations are still hesitant to implement it. The main factors in play are financial constraints and the availability of the right technology to support the initiative.
While upskilling is indeed a long-term investment and it cannot be expected to be without a cost – it has been shown that upskilling makes, on average, only a third of the cost of recruiting.
What is the right solution for your organization?
In almost 20 years of developing enterprise software solutions and training thousands of IT professionals, the ICodeFactory team of engineers has recognized the ongoing challenges in a variety of domains of work. The skills gap is currently at the top of that list, and we approach it accordingly. With a team of experienced Microsoft Certified Trainers, we listen closely to the clients' needs and create the solutions that help in overcoming their current obstacles in creating the best results possible.
If your business is facing the same challenges and you are looking for the best approach to upskill your employees, you can sign up for our mailing list through this link and receive a free consultation session with our training experts. We will analyze your company processes and suggest the best custom solution for your team accordingly. Let us help you in maximizing your people’s true potential!
Now more than ever we are witnessing the multitude of ways the world is connected in. Things like communication and travel have never been faster or easier. Not only that, thanks to the Internet and the process of digitization, it is now easier than ever to offer your products to consumers worldwide. There is a multitude of ways you can reach your target market, no matter where they are.
Once you offer your products and reach your target market, the demand will appear. The next step is, of course, the delivery of those products to the consumers.
This process, like many others, has been changed in the last decade by the advanced use of technologies. Much like the production industry, logistics and supply chain management are responding to the increasing trend of digitization, and the gradual development of logistics over the years has led us to a phenomenon called Logistics 4.0. This is, of course, related to Industry 4.0, a topic we have covered in another article.
Automation is key
So, what is the common factor in various industries’ development trend in today’s world? The answer is – automation. For example, Logistics 4.0 is focused on efficiency increase, process simplification and global supply chain stabilization. And automation is the key element, as it makes the processes more simplified. We have all heard of interconnectivity of devices, autonomous driving, or the use of software and machines to complete risky tasks. The advantages of automation use are especially evident in covering the areas where there is a shortage of skilled labor, as well as a big potential for error or injury.
What is next in Logistics?
Many factors make up a logistics company: warehousing, processes, security, mobility, and transportation, just to name a few. Contrary to the first association for most of us, logistics is not just about transportation of goods – a multitude of factors need to work together and complement each other, to make a successful and productive enterprise. There is no doubt that the technologies will only further develop all these processes and that their use will help the increase of productivity and stability of the supply chain worldwide.
How can we help?
ICodeFactory has a team of Microsoft Certified Software Developers and 17 years of experience in developing enterprise solutions. We have helped logistics companies raise their productivity significantly by implementing our teams’ domain and technology expertise. Besides all this, we believe that every company has its specific set of needs and therefore requires a different approach, which is why we offer custom-made solutions that suit your organization’s needs perfectly and help you achieve your productivity goals.
Finding meaning in everything we do has been our guide since the very beginning. This of course includes our logo as well! So, let’s look closer and find out what it stands for.
It all began with curiosity, a vision, and a suiting name – ICodeFactory. Since we are the factory that produces codes, it seemed like a logical name that easily presents our domain of expertise - showing that our services cover coding that makes clients’ ideas possible.
Our name is written with an - I - in front of CodeFactory, which has multiple meanings. First of all, it stands for the individuals working in the company. We care for each person working with us and nourish the surrounding which is beneficial for the mutual learning process and growth. Without it, the technical part of providing sophisticated and customized software solutions wouldn’t be possible. People working with us are constantly learning, gaining experience on various projects, and most importantly – supporting each other.
Secondly, the I in ICodeFactory also stands for interface in Object-oriented programming. Interface can be understood as contract, a guarantee that the implementation will be done in accordance to what was agreed upon. And we firmly stand behind what we commit to deliver to our valuable partners, customers and colleagues.
Working with people who support each other and think alike results in mutual understanding and easy-going communication – which is exactly how the story of the ICodeFactory logo started. It started with a collaboration with our colleague and a great professional. Knowing people standing behind ICodeFactory gave him a clear idea of what our logo should look like. So, without any iteration, having great insight into the values we work for and live up to, a suitable logo illustration was created - giving a powerful representation of the vision behind it.
As you can see, it’s a small factory of ideas, that is shown as a light bulb coming out of the factory’s chimney. An interesting and important detail about it is a slightly asymmetrical nature of a lightbulb. The reason behind it is the understanding that ideas aren’t supposed to appear perfectly shaped. Imperfection is what keeps us growing because it requires innovativeness and innovativeness takes us beyond established patterns. That is what progress looks like.
Our logo didn’t miss the progress part either. Keeping the initial idea, we’ve made slight differences through the years, to adjust it to the visual changes we’ve made to our appearance. One of those changes is the green color we became recognizable for. The shade of green was intentionally picked to represent a natural color. The reason for that is the eco-friendly nature of the factory, where despite our name might point to a factory, we only produce ideas – making no environmental waste out of it. Besides, supporting local ecological organizations is a part of our mission.
Speaking of habits, in a way, they represent dedication and make it easier to stay persistent. Still, it’s important to create new ones and - from time to time - do something extraordinary. This brings us to the main point, to our credo that inspired logo creation and has been leading us through all this time: To implement it, you need habits and routines, but to come up with a vision, you need ideas and dreams that are not part of your habits.
Now, as a part of a habit of concluding what one started with, we’ll come back to the beginning. We started this story by introducing you to the meaning behind our logo. We will conclude it with a simple, yet meaningful message our logo sends: Both sides of the coin are equally important, being a dreamer and being a doer. Being both means being imperfect, but still doing and learning something, which means - always growing and progressing.