Upskilling & Reskilling: Why is it beneficial for the growth of an organization?

In a competitive external talent market like ours, learning plays a vital build an organization’s ability to sustain in the current marketplace. But to achieve the goal of lifelong learning, it must be embedded into not only the flow of work but the flow of life.

Re-skilling programs have become an imperative measure for growth for organizations. many of which have seen positions go unfilled for months or years for lack of the right talent to fill them. It’s become increasingly apparent that organizations in today’s tight talent market cannot depend solely on recruitment to find people for those roles. Low unemployment rates and tight labor markets for skilled workers in many countries have made it difficult to hire “ready-made” workers in a timely manner (it takes an average of 42 days to fill an open job today).

Upskilling, or reskilling, is an easier process as compared to hiring a new employee and training them from a scratch. Also, it involves lesser investment than reforming a new employee. As an organization, if you reskill your employees, you can create a more well-rounded, cross-trained workforce, and increase your team’s effectiveness.

1. Improves Retention Rate: 

Up-skilling & re-skilling programs initiated by organizations have a great impact on employee retention. With constant training and development programs initiated by the organizations, it ensures employees' skill sets won’t become superseded and gives immense satisfaction to employees associated knowing their organization cares enough about their personal and professional growth.

2. Boosts Productivity:

When employees have training and development opportunities within their organization, there is a greater chance of boost in productivity. When employees get to learn & enhance their skills, work does not get monotonous, which is one of the biggest factors that lead to job switch. With multiple training sessions and upskilling programs, the employees see the path to career advancement in front of them and help them bring out their best as per the industry standards.

3. Builds a Stronger Community:

When workers are continuously working on their professional & personal growth in an organization, they tend to develop a stronger connection with the organization, which ends up forming a stronger community. Your workplace is where you spend more than half of your day at, helping your employees reform with training programs leads to build a stronger connection with them not just professionally but personally.

4. Adapting Changes:

With continuous change in business models as per the new developments and technologies, employees who are equipped with both hard and soft skill sets, are the ones that can steer organizational success in the right direction. Training employees helps them adapt these on-going challenges & help them give their best shot as compared to hiring new talent.

We understand the need for up-skilling & training solutions in today’s era of digitalization. With each day a new technology emerges making it imperative for working professionals to ace up their skill-set. Nulearn has been working aggressively towards crafting courses and training programs for working professionals in association with India’s Premium Institutes.