Ever since the Industrial Revolution, the world of technology has witnessed an ever-growing change and adaptation to new techniques and revolutions. The processes of upskilling and reskilling of employees have helped many organisations re-allocate and appropriate their available resources best to fit the needs of the organisation’s growth goals while keeping the labour turnover ratio unchanged.
While upskilling and reskilling are both learning processes, it is the context that marks a difference between both.
The primary objective of upskilling is to help an employee learn a new skill or enhance an existing one with respect to their current line of work. Be it management, operations or on-the-floor tasks, upskilling of an employee intend to increase the employee’s productivity levels in the same job description. For example, a sales/marketing professional could sign up for an Executive General Management Program and upskill their position.
On the other hand, the primary objective of reskilling is to help an employee learn a new skill or enhance an existing one regarding a whole other line of work. For example, a corporate finance professional could sign up for a Certification Program in Corporate Finance & Analytics and reskill themself.
Here are the top 5 reasons why upskilling and reskilling are the future of workspaces:
1. Variety is the key to career growth
Upskilling and reskilling help employees to break the monotony of work and help them add a variety of skills to their resume. This keeps them encouraged and increases their productivity, which ultimately leads to faster growth of the organisation.
2. Job security
Research suggests that a majority percentage of the employees who stand at a loss of their job have limited the necessary qualification for growth. Upskilling and reskilling at a job will help the employee with job security and a faster growth rate.
3. Better utilisation of resources
The competition has increased, and it has decreased the lifespan of certain skills. The fast-growing industry demands a constant upscaling of operational techniques in the workplace. An organisation cannot afford to go through a fresh process of rehiring an entire department that has now become obsolete. Upskilled and reskilled employees will help in a better internal system and, thus, in a more optimal manner of functioning.
4. Builds a learning culture
Research suggests that over 54% of employees will require crucial upskilling by the end of the year 2022. Learning is an integral part of the workspace. If the employees are facilitated with the opportunity of upskilling or reskilling, not only will they have the motivation to grow but will also be comfortable with a learning culture of work. This will help the organisation in the long run.
5. Better scope of growth
The sooner one gets on board, the better. Upskilling and reskilling will enable a higher scope of growth both for the employee and the organisation.
Various certificate programs are available to employees for upskilling and reskilling in their workspace. These certificates will take you a step closer to your goals.
Keep upskilling, keep reskilling and keep growing.