The future of work is here, and the knowledge that employees have now will either need to be refreshed or will become obsolete much faster than in the past.By supporting continuous learning and development as part of its company culture, an organization can improve employee job satisfaction, stay competitive, and grow its bottom line by maximizing the potential of its current staff.
Employee turnover is costly, as we all know. As the market becomes more competitive, more businesses are squeezing their budgets. Filling a skills gap through new hires or temporary contract workers may seem like a sensible option but it is costly and, when combined with the time delays associated with recruitment, is riskier.
Upskilling, or reskilling, is a less expensive option than hiring and training a new employee. You develop a more well-rounded, cross-trained workforce and boost the effectiveness of your team by reskilling your staff, and an asset for the organization.
“The goal of upskilling and reskilling your team is to be proactive and stay ahead of your industry’s future demands to get an edge on your competitors.”
Organizations need to upskill and reskill their staff now more than ever post Pandemic, people have been at home way too long and in order to bounce back in the market and stand out It is need of the hours.
“Even McKinsey recommends that “to emerge stronger from the COVID-19 challenge, enterprises should begin reskilling their workforces today.”
Upskilling
“Building your employees existing skills to enhance their current skill sets”
Reskilling
“Training your employees to perform jobs that are not directly related to their current position.”
Major reasons why Reskilling and Upskilling is important for your Organization-
1. The impact of Covid – Pandemic has shaken up the world to its core and the corporate sector too has taken the hit, everything now being work from home, has led to a monotonous way of working. With upskilling your employees and giving them the required motivation and optimism, gaining new skills will put them into a better position and help organizations lead the way in a more motivated and encouraged way. Ways through which upskilling or skilling of employees can be done-
- Mentoring
- Online courses
- Webinars
- Instructor led training
And if you want the best training for upskilling and reskilling your employees, LearnMaxpro is your one pit stop.
2. Increases employee retention, and satisfaction – No one wants to work for an organization that does not invest enough in its employees’ career development. Upskilling guarantees that employees’ abilities do not become outdated, as well as demonstrating to them that you care about their careers and prospects.
3. Need to bridge the gap between skill shortages– According to research “by 2030, more than 85 million jobs could go unfilled because there aren’t enough skilled people to take them.”
Right now is the right time to upskill and reskill your workforce to fit them into the changing dynamics of the corporate world.
4. Increases customer satisfaction– Having the industry up to date knowledge and skills would increase employee confidence and further allow them to provide the finest advice and insights to clients and prospects. Customers are willing to pay a higher fee to work with a staff that is more knowledgeable and aggressive. When clients are satisfied with your job, they become stronger brand champions.
“Happy employees lead to happy customers”
Final Thoughts-
Thus upskilling and reskilling play an integral role in each and every step of organizational growth. One cannot expect to grow without training your employees and if you want to train your employees and rebuild/reskill their skillset, LearnMaxPro, is one such organization with a mission to improve your employees skill set with the best training practices at hand.