Companies need to invest in training and upskilling employees to solve the growing shortage of digital talent.

This was revealed in a survey conducted by the online learning platform Udacity and market research firm Ipsos.

59% of companies see a “major or moderate” impact on business due to the lack of digitally qualified employees. Technological rivals are also snatching up the available talent.

However, the report highlights a discord between organizations and their plans to train workers in these areas, with 46% of managers saying they had experienced project delays as a direct result of a lack of “job-ready” digital talent.

In addition, half of the companies say they have slowed down the digital transformation due to low employee engagement.

Workers’ low effort is probably due to a feeling that employers have no interest in their growth.

Only 45% of workers rate learning and development measures as moderately successful, compared to 80% of companies.

Companies are advised to invest in talent transformation or risk falling behind.

“Employees and employers are in agreement that companies have a responsibility to invest in the future of their employees… It’s a win-win for employees who desire the most in-demand tech roles and for employers who are not able to hire the right people to meet current and future demand,” said Christopher Moessner, Senior Vice President at Ipsos.

For more information, read the original story in ZDNet.