The unprecedented pace of technological advancements as well as the tsunami of new regulations and compliance requirements in the legal, financial and tax world have rendered the need for training and retraining of human resources a must for all future-embracing organisations.
To ensure that a professional organisation remains competitive, it should ensure that its employees and managers are kept fully up to speed with the latest developments in their field.
Managing people is one of the sheltered skills that is not expected to be automated in the foreseeable future. Providing management and leadership training to one’s existing or aspiring managers and leaders of tomorrow therefore becomes of paramount importance.
Sales, marketing and communication skills are also becoming critical for professionals. We live in a market that is becoming increasingly competitive not only in light of thousands of new entrants taking advantage of the low set-up costs (afforded by cheaper access to cutting edge technologies and affordable high-speed broadband platforms) but also in light of disruptive smart technologies posing a direct threat to traditional businesses and business models.
Professionals need to up their game and be ready to “get out there” to attract new work so as to be able to help their firms retain their competitive edge as well as attract and keep new customers.