Not investing in an intangible asset - The Intangible Economy

Here is a disheartening piece of news from a new report by Accenture ("Accenture Study Finds U.S. Workers Under Pressure to Improve Skills, But Need More Support from Employers"):

The majority (55 percent) of workers in the U.S. report they are under pressure to develop additional skills to be successful in their current and future jobs, but only 21 percent say they have acquired new skills through company-provided formal training during the past five years, according to a study released today by Accenture.

So, both companies and workers understand the need to further develop worker skills, but companies are unwilling to invest in this intangible asset.

Even more disheartening was this finding:

The study suggests that employers may be hindered by not be having a complete picture of all of the skills they have within their organization to handle specific jobs. Just over half (53 percent) of respondents said their employers document their skills, but more than a third (38 percent) said their employers look only at specific job experience and education to match employees to jobs rather than looking at all of their talents and capabilities.

In other words, companies don't even know what intangible assets they have. That is a big problem.

Source: http://www.athenaalliance.org/weblog/archives/2011/11/not-investing-in-an-intangible-asset.html

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