Latest news with #PuneetSwani
Hans India
7 days ago
- Business
- Hans India
Over 60% firms launching skilling programmes to shape future workforce
More than 60 per cent of organisations in India are implementing skilling programmes to shape the future workforce of the country, according to a report. The report by Aon, a global professional services firm, examined how organisations are incorporating skills into their decision-making processes. It showed that talent attraction and retention, a strong bench of leaders, and workforce agility and resilience are the top talent priorities for Indian organisations for the next two-three years. To achieve this, '61 per cent of Indian companies have implemented skills-based initiatives', the report said. The findings reflect growing pressure on Indian firms to remain competitive amid rapid change, talent churn, and evolving skill needs. Preparing for GenAI disruption and sustaining employee wellbeing were ranked lower, suggesting relatively less current prioritisation but growing future importance. The report, based on input from over 135 organisations across APAC, including from India, showed that 57 per cent of Indian respondents consider skills 'critical' for business success -- among the highest in APAC. 'As businesses face an increasingly dynamic environment, there is a strong need for relevant future-ready skills over traditional work experience to build a resilient and agile workforce,' said Puneet Swani, head of Talent Solutions for APAC at Aon. 'Organisations must prioritise skills development and leverage people analytics to improve HR and business outcomes. By doing so, they can foster a resilient and adaptable workforce ready to meet future challenges,' Swani added. The report also listed the top challenges such as identifying relevant skills, limited budgets, measuring programme effectiveness, and employee engagement and training time constraints. Notably, lack of leadership support was not cited as a major barrier in India, suggesting a strong top-down commitment to skills development. Further, despite India's large talent pool and technological capabilities, India was found to lag in the skills maturity journey when compared to Australia and Malaysia. 'This may be due to a lower perceived urgency stemming from abundant workforce availability,' the report said.
Entrepreneur
02-07-2025
- Business
- Entrepreneur
90% of Organisations Consider Skills-Related Initiatives Highly Important: Aon Survey
Almost 40 percent of organisations are at the critical stage of developing talent strategies and programs tailored around new and future skills. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. About 90 per cent of organisations across the Asia Pacific region consider skills-related initiatives to be highly important, according to a survey by Aon plc, a leading global professional services firm. Aon's insights from its 2025 Asia Pacific (APAC) Skills Impact Survey Report, identifies critical skill gaps and assesses workforce readiness to guide strategic talent development across the APAC region. The study gathered input from over 135 organisations across APAC to identify common challenges businesses face in integrating skills into workforce decision-making, strategies, and whether organisations are beginning to prioritise skills over experience. "As businesses face an increasingly dynamic environment, there is a strong need for relevant future-ready skills over traditional work experience to build a resilient and agile workforce," said Puneet Swani, head of Talent Solutions for APAC at Aon. "Organisations must prioritise skills development and leverage people analytics to improve HR and business outcomes. By doing so, they can foster a resilient and adaptable workforce ready to meet future challenges," Swani added. The survey found that the value of skills is critical for attracting and retaining talent, enhancing workforce agility and resilience, and building strong leaders. Almost 40 percent of organisations are at the critical stage of developing talent strategies and programs tailored around new and future skills. Furthermore, 68 per cent of organisations have an articulated skills framework as the foundation for such practices. Overall, 44 per cent of organisations are exploring technology tools, assessment platforms and external benchmarks for skills identification, but over half (56 per cent) still depend on traditional methods such as job descriptions and manager surveys. Top skills influencing talent practices include career development and mobility, learning and development, recruitment and selection, succession planning and workforce planning. The study also found organisations are using skills information for employee career development, with nearly 40 per cent of respondents already aligning skills with lateral role opportunities for colleagues. This strategy enhances employee experience and data shows it boosts candidate success rates. The survey expects within the next 12 - 24 months, around 45 per cent of organisations will adopt the practice of aligning skills with lateral opportunities for colleagues. However, the survey respondents have identified barriers in advancing the skills agenda in their organisations. Maggie You, head of people advisory for APAC at Aon, said, "The top challenges for progressing with skills initiatives include limited budget and resources, measuring program effectiveness, and identifying relevant skills. To overcome these barriers, organisations must take small steps by starting with pilot programs, using objective assessments and clear KPIs, engaging business stakeholders, and aligning skills frameworks with job architecture and external benchmarks."
Hans India
02-07-2025
- Business
- Hans India
Over 60 pc Indian firms launching skilling programmes to shape future workforce: Report
More than 60 per cent of organisations in India are implementing skilling programmes to shape the future workforce of the country, according to a report on Wednesday. The report by Aon, a global professional services firm, examined how organisations are incorporating skills into their decision-making processes. It showed that talent attraction and retention, a strong bench of leaders, and workforce agility and resilience are the top talent priorities for Indian organisations for the next two-three years. To achieve this, '61 per cent of Indian companies have implemented skills-based initiatives', the report said. The findings reflect growing pressure on Indian firms to remain competitive amid rapid change, talent churn, and evolving skill needs. Preparing for GenAI disruption and sustaining employee wellbeing were ranked lower, suggesting relatively less current prioritisation but growing future importance. The report, based on input from over 135 organisations across APAC, including from India, showed that 57 per cent of Indian respondents consider skills 'critical' for business success -- among the highest in APAC. 'As businesses face an increasingly dynamic environment, there is a strong need for relevant future-ready skills over traditional work experience to build a resilient and agile workforce,' said Puneet Swani, head of Talent Solutions for APAC at Aon. 'Organisations must prioritise skills development and leverage people analytics to improve HR and business outcomes. By doing so, they can foster a resilient and adaptable workforce ready to meet future challenges,' Swani added. The report also listed the top challenges such as identifying relevant skills, limited budgets, measuring programme effectiveness, and employee engagement and training time constraints. Notably, lack of leadership support was not cited as a major barrier in India, suggesting a strong top-down commitment to skills development. Further, despite India's large talent pool and technological capabilities, India was found to lag in the skills maturity journey when compared to Australia and Malaysia. 'This may be due to a lower perceived urgency stemming from abundant workforce availability,' the report said.
Malay Mail
02-07-2025
- Business
- Malay Mail
Aon Survey Highlights the Critical Role of Skills in Shaping the Future Workforce Across APAC
90 percent of organisations consider skills-related initiatives to be highly important 61 percent of organisations have implemented skills-based programs to address top talent priorities Career development is emerging as the biggest use case for skills-related initiatives SINGAPORE - Media OutReach Newswire - 2 July 2025 - Aon plc (NYSE: AON), a leading global professional services firm, has released insights from its 2025 Asia Pacific (APAC) Skills Impact Survey Report , identifying critical skill gaps and assessing workforce readiness to guide strategic talent development across the APAC study gathered input from over 135 organisations across APAC to identify common challenges businesses face in integrating skills into workforce decision-making, strategies, and whether organisations are beginning to prioritise skills over experience."As businesses face an increasingly dynamic environment, there is a strong need for relevant future-ready skills over traditional work experience to build a resilient and agile workforce," said Puneet Swani, head of Talent Solutions for APAC at Aon. "Organisations must prioritise skills development and leverage people analytics to improve HR and business outcomes. By doing so, they can foster a resilient and adaptable workforce ready to meet future challenges."The survey found that the value of skills is critical for attracting and retaining talent, enhancing workforce agility and resilience, and building strong leaders. Almost 40 percent of organisations are at the critical stage of developing talent strategies and programs tailored around new and future skills. Furthermore, 68 percent of organisations have an articulated skills framework as the foundation for such practices. Overall, 44 percent of organisations are exploring technology tools, assessment platforms and external benchmarks for skills identification, but over half (56 percent) still depend on traditional methods such as job descriptions and manager skills influencing talent practices include career development and mobility, learning and development, recruitment and selection, succession planning and workforce study also found organisations are using skills information for employee career development, with nearly 40 percent of respondents already aligning skills with lateral role opportunities for colleagues. This strategy enhances employee experience and data shows it boosts candidate success rates. The survey expects within the next 12 - 24 months, around 45 percent of organisations will adopt the practice of aligning skills with lateral opportunities for the survey respondents have identified barriers in advancing the skills agenda in their You, head of people advisory for APAC at Aon, said, "The top challenges for progressing with skills initiatives include limited budget and resources, measuring program effectiveness, and identifying relevant skills. To overcome these barriers, organisations must take small steps by starting with pilot programs, using objective assessments and clear KPIs, engaging business stakeholders, and aligning skills frameworks with job architecture and external benchmarks."Aon's 2025 Skills Survey report can be found here Hashtag: #Aon The issuer is solely responsible for the content of this announcement. About Aon Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon's newsroom and sign up for news alerts here. Disclaimer The information contained in this document is solely for information purposes, for general guidance only and is not intended to address the circumstances of any particular individual or entity. Although Aon endeavours to provide accurate and timely information and uses sources that it considers reliable, the firm does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any purpose of any content of this document and can accept no liability for any loss incurred in any way by any person who may rely on it. There can be no guarantee that the information contained in this document will remain accurate as on the date it is received or that it will continue to be accurate in the future. No individual or entity should make decisions or act based solely on the information contained herein without appropriate professional advice and targeted research.
Arabian Post
02-07-2025
- Business
- Arabian Post
Aon Survey Highlights the Critical Role of Skills in Shaping the Future Workforce Across APAC
90 percent of organisations consider skills-related initiatives to be highly important 61 percent of organisations have implemented skills-based programs to address top talent priorities Career development is emerging as the biggest use case for skills-related initiatives SINGAPORE – Media OutReach Newswire – 2 July 2025 – Aon plc (NYSE: AON), a leading global professional services firm, has released insights from its 2025 Asia Pacific (APAC) Skills Impact Survey Report, identifying critical skill gaps and assessing workforce readiness to guide strategic talent development across the APAC region. The study gathered input from over 135 organisations across APAC to identify common challenges businesses face in integrating skills into workforce decision-making, strategies, and whether organisations are beginning to prioritise skills over experience. 'As businesses face an increasingly dynamic environment, there is a strong need for relevant future-ready skills over traditional work experience to build a resilient and agile workforce,' said Puneet Swani, head of Talent Solutions for APAC at Aon. 'Organisations must prioritise skills development and leverage people analytics to improve HR and business outcomes. By doing so, they can foster a resilient and adaptable workforce ready to meet future challenges.' ADVERTISEMENT The survey found that the value of skills is critical for attracting and retaining talent, enhancing workforce agility and resilience, and building strong leaders. Almost 40 percent of organisations are at the critical stage of developing talent strategies and programs tailored around new and future skills. Furthermore, 68 percent of organisations have an articulated skills framework as the foundation for such practices. Overall, 44 percent of organisations are exploring technology tools, assessment platforms and external benchmarks for skills identification, but over half (56 percent) still depend on traditional methods such as job descriptions and manager surveys. Top skills influencing talent practices include career development and mobility, learning and development, recruitment and selection, succession planning and workforce planning. The study also found organisations are using skills information for employee career development, with nearly 40 percent of respondents already aligning skills with lateral role opportunities for colleagues. This strategy enhances employee experience and data shows it boosts candidate success rates. The survey expects within the next 12 – 24 months, around 45 percent of organisations will adopt the practice of aligning skills with lateral opportunities for colleagues. However, the survey respondents have identified barriers in advancing the skills agenda in their organisations. Maggie You, head of people advisory for APAC at Aon, said, 'The top challenges for progressing with skills initiatives include limited budget and resources, measuring program effectiveness, and identifying relevant skills. To overcome these barriers, organisations must take small steps by starting with pilot programs, using objective assessments and clear KPIs, engaging business stakeholders, and aligning skills frameworks with job architecture and external benchmarks.' ADVERTISEMENT Aon's 2025 Skills Survey report can be found here. Hashtag: #Aon The issuer is solely responsible for the content of this announcement. About Aon Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon's newsroom and sign up for news alerts here. Disclaimer The information contained in this document is solely for information purposes, for general guidance only and is not intended to address the circumstances of any particular individual or entity. Although Aon endeavours to provide accurate and timely information and uses sources that it considers reliable, the firm does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any purpose of any content of this document and can accept no liability for any loss incurred in any way by any person who may rely on it. There can be no guarantee that the information contained in this document will remain accurate as on the date it is received or that it will continue to be accurate in the future. No individual or entity should make decisions or act based solely on the information contained herein without appropriate professional advice and targeted research.
