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Corporate academies, the way to stem the mismatch of labour supply and demand

According to a study by Assolombarda, they are configured as true 'lifelong' and 'life-wide' schools, with a broad focus, from technical updating and employee growth, to soft-skills, approach to work, and corporate culture

3' min read

3' min read

Ensuring the continuous updating of skills; managing, preserving and transmitting the organisation's knowledge, both explicit and tacit; governing the growing demand for professional development on the part of employees. It is through these lenses that Assolombarda presented an in-depth research dedicated to corporate academies, in the light of the progressive spread of such realities among member companies, including small and medium-sized ones. The research analyses the 'best practices' of 15 companies in order to reconstruct the state of the art and the prospects for the future evolution of corporate academies.

 

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"In a changing labour market, investing in people, skills, and new managerial and organisational models is fundamental for the growth of human capital within companies,' said Assolombarda Vice-President in charge of University, Research and Human Capital, Monica Poggio. 'It is not surprising, therefore, that corporate academies are spreading in our area, both in large companies and SMEs. It is a sign of initiative aimed at developing and updating the skills of employees that, at the same time, contributes to qualifying the human capital of our country to support economic growth. It is plain for all to see that the rapidity of change in technologies and skills requires companies to collaborate with the education system to build the employability of the new generations. With the '4+2' reform and the provision of business professionals as teachers, academies can thus become a privileged partner of schools. There are many Academies that, in order to meet the needs of entry-level training, upskilling and employee engagement, have become 'all-round players', dialoguing with the education system. the research, on the other hand, reveals a multifaceted picture. Companies interested in developing their own Academy can therefore find good practices to inspire them in structuring it according to their organisational goals and corporate culture'.

 

In effect, corporate academies are configured as true 'lifelong' and 'life-wide' schools, given the increasingly broader focus and deeper function they fulfil, ranging from technical training and the growth of employees to a perspective that also relates to soft-skills, the approach to work, and corporate culture.

 

 

The topic of corporate academies, says the research, has returned to the centre of attention for a number of reasons: the further technological leap towards digital platforms that allow both an increasingly effective management of 'blended' courses and increasingly immersive training experiences; the definitive establishment of the 'learning organisation' paradigm in which the processes of generating, sharing and developing knowledge and skills become the primary source of competitive advantage; the need to ensure that employees' skills are constantly updated, both from a technical point of view and to foster the attraction and retention of talent.

 

Three distinctive traits emerge in the analysis: the focus on people, the expansion beyond company boundaries and the role in innovation and change. These realities act as true centres of lifelong learning, influencing not only the organisation itself but also its network of partners and suppliers. Academies are vital in addressing the skill shortage, collaborating with institutions, suppliers and communities.

 

The development of corporate academies is set against a backdrop whereby Italy is still far from the European Council's 2025 target of a minimum participation rate in education and training of 47 per cent for 25-64 year olds.

 

Still, the share of graduates available to the Italian labour market is still too low compared to the European scenario: the incidence of graduates on the population aged 25-64 and 30-34 is 21.6% and 29.2% in 2023. Lombardy has better rates than the national average (23.5% and 33.7% respectively) but still too far from the cross-border benchmarks (for example, in Catalonia the incidence of graduates aged 30-34 will be close to 57% in 2023). Through the Excelsior survey, companies report difficulties in finding certain professional figures: in the top 4 are skilled workers (63.6%), technical professions (52.2%), plant operators (49.9%) and high-skilled professions (46.5%).

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