IBSA welcomes Skills Australia’s latest publication, Better use of skills, better outcomes: Australian case studies, which showcases 11 organisations in industries as diverse as health, finance, resources and manufacturing who have put in place tailor made strategies to ensure that the skills and talents of their workforce are fully utilised.
Skills Australia believes organisations can lift productivity by better utilising employees’ full range of capabilities. The initiatives benefit both the business and employees themselves. Encouraging team work, frequent and open communication, and involving employees in decision making is all integral to the better use of skills and improved skills use is a very practical way to raise Australia’s economic productivity. Skills utilisation is about how well employers harness and develop their workers’ abilities and talents to gain maximum value. It also benefits employers directly by affecting businesses’ bottom line.
Of the 11 featured organisations, all reported improved productivity and/or profits and reduced operating costs or better retention. Other examples of improved business outcomes include overcoming sector specific chronic skills shortages, significant cost savings due to decreased staff turnover and decreased work related injuries and lower insurance premiums.
Further information – See Skills Australia’s Better use of skills, better outcomes: Australian case studies