9/30/21, 10:26 AM
Prioritizing Upskilling And Reskilling to Keep Your Business Competitive | Jason Solis | Professional Overview
a Prioritizing Upskilling And Reskilling to Keep Your Business Competitive by Jason Solis | Sep 30, 2021 | Business, Jason Solis
A company’s biggest asset is its people. Employees are the ones that power their company, allowing it to succeed or fail. With upskilling and reskilling, the company’s employees can be better equipped to tackle today’s labor market challenges. The process of learning new skills or of teaching workers new skills is referred to as upskilling. When referring to reskilling, this is when an employee goes through a process of learning new skills for a different job or trains people to do a different job. Through upskilling and reskilling, not only will a business be able to retain top talent, but also it can take advantage of its employees’ knowledge and experience in rapidly changing industries.
Keep Up with the Competition As industries change, some companies might fall behind due to obsolete skill sets. Having upskilling and reskilling programs will allow employees to adapt more quickly and learn new skills. This way, they can remain competitive and relevant. If employees feel like https://jasonsolis.co/prioritizing-upskilling-and-reskilling-to-keep-your-business-competitive/
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9/30/21, 10:26 AM
Prioritizing Upskilling And Reskilling to Keep Your Business Competitive | Jason Solis | Professional Overview
they’re getting behind and losing their edge, they might move on to a company that’s more suited to their career needs.
Minimize Costs Some companies might be planning to open new branches or offices that are far away from their main operation. This way, it would be easier for the company to assign different tasks and responsibilities. However, these new branches will need employees with different skill sets. This would mean training current workers on other skills, but it can take time and cost money.
Boost Your Productivity Older workers might be more experienced than their younger counterparts. However, younger employees can know newer and innovative techniques that benefit the company. This is a classic example of how upskilling and reskilling can benefit everyone. Through upskilling, the older generation can learn innovative skills. They can also help reskill the younger generation to know how to take over their old job tasks. With upskilling and reskilling, they can learn new techniques that might help them complete tasks quicker.
Retain Employees When an employee leaves, it can be very inconvenient. Retaining your employees will help your company grow and remain competitive against companies that are hiring employees. With upskilling and reskilling programs, the company’s employees can keep up with the times and stay relevant in the labor market. Not only will employees be more efficient, but they’ll also have a more positive relationship with their job. If their employer is able to provide a program that teaches them new skills and benefits their work experience, then they’re more likely to stay with that company. By retaining employees, a company stays relevant and competitive.
Boost Morale When employees feel like they’re getting behind and losing their edge, they might move on to a company that’s more suited to their career needs. When employees feel like their company is committed to their training and development, they’ll feel more motivated. Employees can also build stronger relationships with their coworkers, which in turn will boost morale.
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Prioritizing Upskilling And Reskilling to Keep Your Business Competitive | Jason Solis | Professional Overview
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