RESKILLING AND UPSKILLING: A SUSTAINABLE TRAINING STRATEGY FOR THE FUTURE
As demand for new capabilities increases rapidly, reskilling and upskilling can enable businesses to develop the skills needed to remain competitive. By 2025, the Forum predicts that up to 85 million jobs could be replaced due to changes in the division of labor between machines and humans. At the same time, 97 million new jobs are expected to be created thanks to advances in technology and ongoing digital transformation. This highlights the urgent need for reskilling and upskilling in every job, department and company, and with major change coming by 2025.
Join Danaexperts to learn the difference between reskilling and upskilling and how these two techniques can help businesses better prepare for future change!
WHAT ARE RESKILLING AND UPSKILLING?
According to the Cambridge dictionary:
Reskilling: is the process where employees are trained in a new set of skills to perform a new job.
Upskilling: is the process where employees are trained in additional skills to be better equipped to perform their current job.
In short, reskilling and upskilling can enable companies to develop the skills needed to remain competitive. Both help close the skills or talent gap within the company; however, there is a distinct difference between reskilling and upskilling. These strategies can help a company retain employees, boost employee morale, and create a sense of belonging among employees. They can also increase productivity in the workplace.
Although up to two-thirds of businesses are aware of the importance of human resource development programs, they are still quite hesitant to conduct upskilling and reskilling due to budget constraints and difficulty finding suitable methods. fit. If this situation continues, it is very likely that the business will not be able to complete its long-term goals because the company's workforce is not equipped with all the necessary skills. However, by applying today's advanced technologies to reskilling and upskilling programs, the above concerns of businesses can be resolved effectively, save costs as well as help improve employee experience.
WHICH "WAY" IS FOR BUSINESSES?
In just the next few years, upskilling and reskilling will play an increasingly important role. Therefore, businesses should start improving their workforce right from the following:
- Set up training programs for the business's existing staff.
- Build a mentoring program where experienced veterans can teach essential skills to the next generation.
- Focus on training and developing a multitasking, flexible staff. In particular, personnel rotation will be a wise choice to realize this goal.
- Add additional duties to actual job descriptions so employees can learn new skills.
- Outsource experts to promptly fill skills "gaps" that businesses are facing and take advantage of advanced technologies to enhance employee experience.
BENEFITS OF UPSKILLING AND RESKILLING ACTIVITIES
The "duo" of upskilling and reskilling can bring businesses many unbelievable benefits, some typical benefits include the following:
Minimize recruitment costs
Upskilling and reskilling are both worthy investments for the human resources team to quickly accomplish business goals. This will also help streamline the recruitment process, thereby saving time and costs associated with training new employees.
Retain excellent employees
Upskilling and reskilling also mean businesses can retain excellent employees. When businesses focus on training and improving employee capacity, creating a "lifelong learning culture", employees will recognize and stick with the business longer term, as well as create "a culture of lifelong learning". Good reputation spreads far and wide", attracting many new talents. At the same time, reskilling can uncover hidden abilities of current employees that the business does not yet know.
Attracting talent
Not only does it help retain talent, reskilling and upskilling also open up opportunities for businesses to reach the future generation of workers - talented and ready to contribute. Because for candidates with real potential, creating opportunities to develop and contribute their voice is also a way for businesses to show appreciation to their staff. And employees will tend to stay long-term with a business that always cares and values the role of its current staff.
CONCLUSION
Digital transformation is both a challenge and a driving force for businesses to increase competitiveness to lead the market. Retraining and capacity building (reskilling and upskilling) will be the foundation to help businesses achieve long-term business goals and develop sustainably in the future.
So Danaexperts has joined you to learn about the concepts of Reskilling and Upskilling. Hopefully the above information will help you better understand the concept and importance of this activity for employers and businesses.