Technologies are changing very fast in today’s world. The Latest technologies of yesterday have become outdated today, and what is the latest today will change tomorrow and newer method of production will replace the traditional methods of production of today. As new technologies have advanced, new procedures and new skills are required and there is an increasing need for skilled and highly trained employees. Who are able to meet these changing situations in the workplace. These changes require new job requirements and new methods of working which in turn require different combination of expertise, knowledge, and skills. In this environment of growing uncertainty, organizations are to be aware of the need for their businesses to search for new answers to the problems of productivity and quality.

As the technology advances, necessity arises for a higher level of skills from the employees of the organization. Studies have shown that there is a long term shift away from unskilled to highly skilled jobs with the advancement of the technology. However, despite this increasing requirement for highly skilled employees, there is evidence that the skills’ gap in some organizations is widening with a growing deficit in key or core skills, which does not augur well for the future for these organizations.