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Operations

Marketers point to data analysis as biggest skills gap in teams, survey says

March 4, 2024

Operations

Marketers point to data analysis as biggest skills gap in teams, survey says

March 4, 2024

Photo by Luke Chesser on Unsplash

Marketers have identified data and analytics as the biggest skills gap in the marketing department.

Marketing Week’s exclusive Career & Salary 2024 shows that 36.9% of the over 3,000 brand-side marketers surveyed point to a lack of data and analytics skills within the marketing function as an area of concern for the business.

A distant second was a lack of performance marketing skills (19.6%) followed by content and copywriting skills (18.1%), social media (14.8%) and ecommerce (12.1%).

This is in-line with our 2023 data which, again, showed data and analytics as the biggest skills gap (then 34.4%), a continuing trend that seems to have gone unaddressed despite the ever-increasing importance of data analysis in getting closer to the target consumer.

When it comes to solving these problems, the solutions are varied. The most common approach is to hire external talent with a third of marketers (34.5%) saying that has been their business’ approach to bridging the skills gap.

Another third (33.8%) point to training existing staff while 24.5% say the answer has been to employ consultancies and freelancers. Just 11.2% of businesses have conducted a skills audit to find a long-term solution to the problem.

This is perhaps most tellingly illustrated by the fact just 14% of marketers have noticed the emergence of a new function to deal with any skills gaps identified.

Upskilling, in general, seems to have taken a backseat over the past year with 48.8% of all respondents saying they weren’t offered the chance to upskill to close the skills gap. This is a substantial increase on 2023 when one third (33.5%) of marketers said they weren’t offered the opportunity.

When taken in conjunction with lower recruitment resources and a culture of additional responsibilities for no additional pay, as Marketing Week has reported extensively while examining the data, it builds a worrying picture.

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Read full article here

Marketers continue to believe that a lack of data and analytics is the biggest skills gap in their teams for the second year running.
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