Skills: The new workforce currency

Unleashing the power of skills to drive business performance

Putting skills first

Megatrends are significantly impacting the world of work - reshaping companies and jobs. Factors like social instability, an ageing population and climate change are converging with huge technological advances - ramping up pressure on organisations to cut costs and increase productivity. This new environment accelerates the need for digital transformation - particularly in the race to harness Generative AI (GenAI). And while disruptive technology can increase productivity, it is only as good as the leaders who identify its opportunities, the technologists who deliver it and the people who work with it every day. And that’s where some companies are coming up short. But when skilled and adaptable people adopt the right culture, mindset and behaviours, the results are powerful.

2:03
Video Player is loading.
Current Time 0:00
Loaded: 0%
Duration 0:00

Playback of this video is not currently available

46%

of employees say that having opportunities to learn new skills is a key consideration when it comes to their decision to stay with their employer or leave for another job.

 

PwC’s Hopes & Fears Survey 2024

23%

of CEOs globally cite the availability of workers with key skills as a threat to growth


PwC’s 28th Annual Global CEO Survey 2025

 

56%

of CEO globally say that GenAI created efficiencies in employees time at work over the last 12 months

PwC's 28th Annual Global CEO Survey 2025

How we support your upskilling journey

Many organisations are finding that their existing upskilling efforts are not fit for purpose: programmes don’t deliver the return on investment (ROI) organisations want or the change they need. It’s a problem that should be solved urgently. Upskilling has become so valuable to employees that they see it as a company differentiator and is a key consideration when it comes to their decision to stay with their employer or leave for another job.

To address this, organisations need to recognise the responsibility they have to their people, embrace adaptability, and invest in upskilling and reskilling. The solution to the challenges lies in skills—the new currency of the modern workforce.

The right HR and skills technology can help you automate processes, identify and predict skills gaps, curate personalised learning pathways for employees, and produce valuable insights to support and shape your strategy. And there’s a wide—and growing—range of partnerships, software and solutions you can employ.

We assess your organisation’s current state against future ambitions, competitor’s strategies and market trends to identify workforce and skills gaps.

How we can help

Typically, we’ll start out by helping you define your organisation’s vision for skills: what do you want to achieve, and how can skills support your wider workforce strategy? We’ll also check the health of your existing data to help make sure the outputs are clear and useful. We’ll move on to develop your organisation’s skills taxonomy and help you identify the hot skills that are relevant for you. Then, we’ll produce a roadmap and recommendations to get you where you want to be, including a choice of technology partners.

“Technology is transforming the way work gets done and the types of skills employers are looking for. Employees are therefore placing a premium on organisations that invest in their skills growth so that they can thrive in a digital world. Businesses must be proactive in their upskilling programmes - prioritising the employee experience. Because when you meaningfully engage your workforce, they become an accelerant for successful transformation.”

Kathy ParkerGlobal Workforce Strategy Leader

Meet the team

Peter Brown

Global Workforce Leader, Partner, PwC United Kingdom

(+44) 7789 003712

Email

Harriet Newlyn

HR Transformation & Technology Leader — Global Workforce, PwC United Kingdom

(+44) 7711 561977

Email

Kathy Parker

Global Workforce Strategy Leader, Partner, PwC Canada

+1 416 687 9014

Email

Prasun Shah

Workforce Intelligence Partner, PwC United Kingdom

+44 (0)7483 365055

Email

Strategy + business, a PwC publication

Be a better decider

As reinvention pressure rises, CEOs need to rewire their decision-making.

See what's new

Follow us