Future Proofing Your Workforce With Technological Skills

Upskilling employees is also crucial in bridging the skill gap due to rapidly advancing technology and online courses can be a great tool to assist this

Digitization of business processes, catapulted by the Covid-19 pandemic, has shown how the adoption of technology makes the company more resilient, disaster-prone, and agile. During the pandemic-induced lockdown, upskilling employees online became a strategy for many businesses to stay afloat and sustain growth. But the perks of upskilling employees – training existing workers to become qualified in the skills required – aren’t just limited to the pandemic phase. It’s a long-term investment to increase employee retention and increase productivity.

What worked a decade ago does not work now but unfortunately, the present-day education system is still focused on creating a workforce suited for the industrial revolution. Therefore, to stay abreast of changes in market conditions, modern organizations need to future-proof their workforce through upskilling. In LinkedIn’s 2021 Workplace Learning Report, 59 per cent of Research and Learning professionals listed upskilling as a top priority.

Here’s how upskilling helps a business:

Upskilling employees helps in their retention: When a company invests in the upskilling of its employees, they feel valued. Providing technology training to the employees provides tangible value to the employees. Further, the exercise assures them of job security.

Less expensive: Multiple surveys have pointed out that upskilling employees is less expensive than going out and hiring new ones.

Saves time: Upskilling employees help a business save a lot of time and energy. With multiple training courses available online, upskilling takes a fraction of the effort that goes into recruitment.

Better prepared: In several companies, a few key employees handle important operations but when they quit unexpectedly, business operations are jeopardized. However, upskilling of employees helps a company prevent this scenario by preparing qualified successors.

Increased productivity: Training employees to acquire new skill sets fosters a culture of learning, rejuvenates their dedication, and enhances productivity. Such employees directly apply new learnings to their roles.

Competitive edge: If employees have the right skill set, the company becomes better placed to position itself in the market. Besides, upskilling employees helps a company keep pace with the changing needs of customers / clients.

Customer retention: Employees well-versed with modern skills are motivated and therefore, serve better. As we know, happy workers lead to happy customers and satisfied customers.

Why choose online upskilling programs for employees?

  1. Online learning saves the trouble of going to a physical space and can be accessed from home or office.
  2. Employees get control over the scheduling and pace of the training.
  3. Employees can customize the online program by picking the courses they need. Besides, several platforms offer online training tailored to match an organization’s goals in areas like marketing, supply chain management, customer service, and logistics, among others.
  4. It also helps an organization in staying competitive by closing skill gaps.

How to plan upskilling programs for employees

An organization can encourage employees to come up with a personal development plan which includes competencies that they want to improve or learn. Empowering employees to come up with their own plans is the key to the success of upskilling training programs. Employees can identify new skills which resonate with them and upskill accordingly.

An important aspect to keep in mind is to set achievable targets and quantifiable results. If employees do not have clear objectives in sight, lengthy training processes can become frustrating. Many organizations avoid upskilling programs to prevent the expense. However, online upskilling programs are not expensive. Needless to mention, the benefits of upskilling employees far outweigh the little expense.

To begin with, a company must assess gaps in its employees’ current knowledge and take proper time in setting realistic goals for upskilling them. The process will help you retain your best employees and boost your company’s chances to grow and thrive.

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