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Why skills could be the overlooked key to improving efficiency, avoiding waste
- Efficiency and waste reduction efforts in the federal government have raised concerns due to mass layoffs and demands for task accountability.
- Skills gaps are highlighted as a major factor affecting efficiency and leading to potential waste within government agencies.
- Comptroller General Gene Dodaro emphasized the importance of proper skills in providing critical services to the public.
- Nearly half of the areas identified as high-risk for fraud within the federal government are related to skills or personnel shortages.
- Strategic human capital management and workforce planning for future skills needs are crucial for efficiency and waste prevention.
- Private sector organizations are also facing challenges related to inefficient career transitions and learning gaps.
- Organizations are struggling to build workforce skills, with many not fully utilizing skills-building initiatives for retention and growth.
- HR experts recommend personalized learning, leveraging technology, data evaluation, cross-functional collaboration, and development of human skills to address the skills gap.
- Creating a culture of continuous learning through fun, creative, and impactful skills-building programs can empower employees and benefit the organization in the long term.
- Investing in employees' growth is seen as an investment in the company's future success.
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