It’s not just about finding people with specific hard skills; it’s also about finding people with the right skills for performing the job right. To stay productive, people must communicate and lead better each day. Unfortunately, 79% of global CEOs say they are extremely or somewhat concerned about finding people with the necessary skills.
Upskilling your current workforce can help alleviate these fears. Upskilling is faster and more accurate for organizations to develop the right talents rather than looking for new talent and training them for your purpose. Likewise, skill gap analysis provides valuable data to take quick steps to reach business goals. We put down 5 key reasons why upskilling is here to stay- and how upskilling is the key to talent transformation:
Do companies really need skill transformation and upskilling strategies?
Companies that overlook the value of upskilling and reskilling jeopardize their profit margins. A lack of sound strategy and training technologies is one of the primary reasons why companies fail to reskill.
Employee upskilling benefits every industry in the age of automation. Upskilling and reskilling workers allows you to engineer innovative solutions and continuously move towards achieving your business goals. New skill sets and competencies will always be required to mitigate unknown risks and pave the way for the new normal in the post-pandemic world. A people-centric approach and processes can bring a remarkable change in people’s approach and make contributions that can help you sprint to achieve your business goals.