To stay competitive and keep up with changes in the marketplace, it is challenging and difficult to find qualified talent to fill critical job roles. Upskilling means providing education and training to an existing employee so that he/she can improve their existing job skills and learn advanced skills that help them do their job better or more efficiently.
The need for upskilling and reskilling has become increasingly evident during the past decade. Benefits of upskilling the employees will:
Improve Retention: Upskilling ensures employees’ skillsets won’t become obsolete and shows your people you care about their careers and their futures.
Boost Morale: Employees who have training and development opportunities are happier in their roles and have a brighter outlook on their future with the company. Reskilling your workforce helps them see the path to career advancement in front of them and gets them excited about what could be next. Knowing they’re working toward something that will better their lives creates a deeper sense of purpose.
Increase Customer Satisfaction: Happy employees lead to happy customers. When workers are happier with their company and believe in what they are working toward, they do better work. Plus, upskilling keeps your workforce up to date on industry trends, allowing them to offer the best recommendations and insights to clients and prospects. Clients are willing to pay more to work with a more knowledgeable, proactive team. And when clients are happy with the work you do, they become stronger brand advocates for you.
Attracts New Talent: When business is successful, chances are new talent will be needed to add to your experienced, upskilled workforce. When employees feel a sense of purpose with their company and clients are happy with their work, they become stronger brand advocates. That means they’re more likely to recommend your organization to their network of friends, past colleagues and family members. Suddenly you have a wide pool of diverse talent to choose from when it comes time to expand your team.
Benefits for Employees:
Career Advancement: Upskilling employees can enable them to move forward in their career.
Closing knowledge gaps and increased adaptability: In rapidly changing workplace, digital transformation and automation have become top priorities, as have soft skills like digital literacy and flexible leadership.
Improved confidence in their abilities: With the abilities to do their jobs better and adapt to changing needs, it’s no surprise that employees, in turn, would feel more confident about their ability to perform better in their current role, in turning leading to overall increased morale.