What is upskilling?
As HR Morning states, upskilling is the process of improving employees' existing skills or teaching them new, relevant ones. Companies which systematically practise upskilling are investing not only in their employees, but more importantly in their future. Times are changing rapidly and quality employees are scarce. Thus it is no longer enough simply to seek new talent; it is also necessary to work with the people the company already has. The modern labour market is often one step ahead; technology is evolving faster than the skills of the workforce.
Why is upskilling important?
Investing in upskilling employees brings many benefits to companies. These include, most importantly, improved employee performance and efficiency. But it's far from just that. Employees who have access to new knowledge and opportunities are more engaged and loyal, leading to lower turnover and higher productivity. At the same time, it's easier to fill the skills gaps that can arise as the market changes.
Moreover, at a time when younger generations are increasingly focused on personal development, upskilling is becoming a significant benefit. Who wouldn't want to work for a company that allows them to grow and improve?
How to get started with upskilling?
First and foremost, a successful upskilling strategy requires the support of company management. So HR managers should try to convince management that upskilling is not only beneficial, but in the long run inevitable. As an argument, present an analysis of what skills will be needed in the future and the training employees need. Remember that upskilling is not a one-off item, but a process that must be ongoing: only then will your company be able to remain competitive.
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