How can gap analysis assist in determining the cost of upskilling

Gap analysis can assist in determining the cost of upskilling employees in machine learning by identifying the current skills of the employees and the desired skills they need to acquire. The difference between the current and desired state is the 'gap'. Once the gap is identified, the organization can estimate the cost of training programs, resources, and time required to bridge this gap. This cost can include hiring trainers, purchasing learning materials, and the time employees will spend in training. By doing this, the organization can plan and budget for the upskilling process effectively.

Question was asked on:

For instance, maybe you need to assess your company's needs around remote work. Or determine the cost to upskill employees around machine learning. Or you might need to create an action plan to implement new digital channels into sales and marketing. Gap analysis is the best tool to bridge the divide and achieve your goals.

Asked on the following presentation:

Gap Analysis (Part 2)

How do you get from where you are now to where you want to be? Use our Gap Analysis presentation to assess and bridge the gap between your team's curr...

download

Download 6 out of 23 slides