In the fast-paced world of today, upskilling is a buzzword. It means learning new skills and enhancing skillsets to face new challenges that come with technological advancements and the emergence of artificial intelligence. Nowadays, companies are investing in their employees to improve their skills. It will not only help increase the productivity of employees but also assist the organisation to survive in an ever-changing landscape.
To be competitive in the digital era, individuals and companies need a learning-for-life mindset, collaboration and a willingness to embrace novel ways of doing things. And these should be teamed with agile adaptation, global perspective, cultural diversity, a global perspective and basic competence in technology.
Let’s have a look at the various advantages of upskilling –
- Job security and a gateway to enhanced opportunities
Only an academic degree is not enough to establish yourself as the right candidate before the recruiter. You need to supplement this with relevant skills and industry knowledge to be a strong candidate. And once you get a job and be a working professional, you need to upgrade your skills to stay job-relevant, secure your tenure and grab new opportunities. Some of the benefits that employees get due to upskilling are –
- Enhanced competencies and job security
- Better employability and morale
- New opportunities with added benefits
- New possibilities with changing job perspectives
- Employee retention and a boost in productivity
Talent acquisition is daunting. The onboarding process devours time and money. Besides, new employees take time to fit into the new work environment. So, current employers try to retain their current employees by upskilling them for changed job perspectives. It helps both employers and employees. By enhancing their capabilities, employees can widen the scope of getting promoted, as well as apply outside the present organization. On the part of the employer, upskilling employees helps them save resources that they otherwise need to invest in recruiting and onboarding new candidates. Generally, employers come up with upskilling programs for these reasons –
- To adapt to change and achieve agility and transformation
- To increase productivity with the existing resources
- To attract more candidates
- To fetch great competitive advantages that help the company survive in the critical time
- To produce high-quality product and services that widen the customer base and revenue
In the current scenario, especially in a developing country like India, the unemployment rate is very high despite the availability of good opportunities. This mismatch is termed as a skill gap where there is a visible gap between the number of vacancies that need new skills and the able candidates who will be placed in those positions.
The widening skill gap is a grave concern, and the perfect way to diminish this gap is to learn new skills and upgrade existing ones.
Do have a business and you want to upskill your employees to have a highly-skilled workforce? Or do you want to learn new skills for better job opportunities or salary? Then, International College of Training and Development will be the ultimate destination for you. Being a popular institution, they offer a wide array of online courses by their expert educators at affordable prices. Register today to access the courses at your comfort and enhance your skills.