Why Upskilling and Reskilling Programs are Essential For the Next Decade?

Introduction

Job markets are constantly evolving, with AI, AR, MR, and other technologies taking over the world of work and employee experience. Businesses in the middle of this change require the best talent possible in the shortest period. Recruiters cannot always have the affordability to continue hiring as and when there is a new skill in demand. Thus, there is a high demand for upskilling and reskilling programs to keep the existing talent relevant and employable and consider them as an investment instead of a cost to the company. 

If you’re one of the talent managers, you know that the jobs which are relevant today will have no significance tomorrow or even in the next six months. You cannot keep on hiring talent in every quarter as it will only increase the cost to the company. An offset against this situation is to keep on reskilling your current employees. Prepare them well for the future of work through interactive digital learning platforms like ours. 

The learning and development of an employee will never stop. It will only become more important in the times ahead. Programs and features like eLMS, which we provide, help to keep training, engaging, and mentoring the staff regularly. 

Know more in the copy below to get up close with the essentiality of upskilling and reskilling programs for your staff in the next decade. 

Also read: Employee Training Program: How to Develop It Effectively?

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Why do you think upskilling and reskilling programs must be essential for your workforce?

Preparing your staff for the future of jobs.

You need to prepare your staff for the jobs that will emerge in the future. The skills will have more layers than the rudimentary skills which we have known in the last decade. The new era of work will require people to know about AI, AR, MR, ML, XR, and many more digital technologies. 

Besides that, employees will need to be more self-aware, make bolder decisions, and act on time with limited information and resources. They will learn how to find paths to greatness and excel at operational excellence when there is limited time or guidance. 

To be able to earn that authority, the workforce will need to harness skills like active listening, project management, skill mapping, team management, critical and analytical thinking, etc. 

For this purpose, upskilling and reskilling programs are very important. Initiate the same with our software seamlessly for your globally scattered workforce without worrying much. 

Creating a culture of internal talent mobility.

Your workforce will need personalised learning paths for you to internally mobilise them on time. For that, eLMS functions and features help a lot. Workers and employees, irrespective of their shift timings, can enrol in different skill sets, even if they never learned about those before. 

It helps HR managers to develop internal talent rigorously before the new skill demand becomes an issue for them to control. Instead, with continuous learning and relearning, employees will be ready to take on more responsibilities and tackle tougher projects with finesse. 

They will learn the art of delegation, time management, and prioritising different tasks easily when they tackle different stakeholders at a given time. 

Identifying and finding out the hidden talent in your existing staff.

Reskilling and upskilling platforms and programs allow you to tap into hidden talent. Not everyone is up for learning new skills and content. But those who show up regularly for new training sessions and programs give you an insight into the workforce that is ready to take on new challenges. So, you won’t have to hire from outside when you have the right opportunity to develop your current employee’s skills flawlessly. 

Cutting costs of high demand for top-notch talent. 

With digital learning platforms like the one which our HRMS suite offers, you can develop new talent within the organisation. It means you are allowing and empowering your HRD to cut down costs on hiring seasoned, authorised, and expert talent. 

This is your HR’s task and project to ensure that they motivate the current staff to enrol themselves in the current upskilling and reskilling programs. This is an opportunity for everyone in the organisation to grow and earn system-generated certifications on the go. 

Building ambassadors and loyalists in the firm. 

Employees in today’s age and time want to work where they can contribute meaningfully. They no longer want to just show up at work and be no longer productive. The time is now for them to show their true talent, engagement, loyalty, and emotions they have with the firm and their tenure up to the current date.

That means employees want to continue to grow, learn, and earn by practically implementing their new skills and exercising their potential to the max. When this approach is executable with the help of our HRMS, employees connect more to the firm’s culture. 

They love to work at an organisation which shows their future at work. They can reach their maximum potential there. It means employees grow fond of it and share the word about the sustainable, survivable, and remarkable culture at work. 

And we all know when employees turn into loyalists and ambassadors, engagement and retention rates automatically improve. Even the customer service TAT and customer satisfaction improve eventually. 

Creating a legacy of leaders within your organisation. 

Upskilling and reskilling programs are essential for the next decade to create a legacy of star performers. Growing organisations need these performers the most in the age of AI. With continuous learning and upskilling, employees grow habitual of new things to learn, tackle, and solve. They establish a solution-oriented mindset even in the toughest situations when they go through regular rigorous training related to products, problems, market challenges, and customer relationship management. 

Provide such training sessions inclusive of videos, webinars, and more to your staff and create a legacy of star performers without a doubt when you implement our eLMS. 

Conclusion

The importance of learning and development is clear from the post above. If you need more clarity, you can reach our upskilling and reskilling programs experts. Our team knows the best when it comes to developing and implementing personalised eLMS functions for our clients and their users. 

Contact us now to know more.

FAQs on upskilling and reskilling programs

1. What is the purpose of upskilling and reskilling programs in the workplace?

Upskilling and reskilling programs aim to enhance and update employees' skills to meet the evolving demands of their roles or to prepare them for new opportunities within the organisation.

2. How does an employee benefit from participating in upskilling or reskilling initiatives?

Employees gain the opportunity to acquire new skills, stay relevant in their roles, enhance their career prospects, and adapt to changes in the industry.

3. What criteria are considered when identifying the need for upskilling or reskilling within an organisation?

The organisation may assess technological advancements, industry trends, and individual performance to identify skill gaps and determine the need for upskilling or reskilling.

4. How can employees access upskilling and reskilling opportunities within the company?

HR typically communicates available programs, and employees may access them through online platforms like an eLMS, workshops, or training sessions organised by the organisation.

5. Are upskilling and reskilling programs tailored to specific job roles or applicable across various functions?

Programs can be customised to address specific job requirements, but some may offer cross-functional skills that are valuable across different roles within the organisation.