How reskilling and upskilling are defining our present and survival

Robert Clarady, who is popular for his research on upskilling, looked into numerous training opportunities as he prepared to leave the military and join the workforce. On a service member transition website, he came across AWS Educate – an online platform by Amazon that provides online training and course material for practice.

According to him, the website helped him explore and expand his knowledge of cloud computing. He quoted it as the best platform to investigate the cloud. Its user-friendly features helped him enroll in classes and learn subjects like big data and machine learning.

The Evolution

The human-centric super smart 5.0 evolution, has revamped our work processes, creating an urge for upskilling and reskilling. The majority of the time, reskilling initiatives concentrate on enhancing individuals' capacities for sophisticated data analysis, leadership, and management.

Dynamic learning may often be mistaken as an unnecessary expense but acts as a strong upholder while surviving through the crisis period – in career or life. The education system is hand-in-glove with the business world trends and trains the latest graduates with various skill sets. Among the existing employees, nearly three out of every four (74%) are willing to learn things outside of work hours to improve their job performance.

Reskilling Vs Upskilling

Like Robert, there have been many individuals from different verticals, age groups, and aspects either learning new skills to take up a different job or learning additional skills to improvise at the existing job while being in sync with the dynamic world. It benefits both professionals and organizations.

Benefits of Reskilling & Upskilling

To survive the cutthroat competition organizations of different verticals have been taking regular initiatives to reskill and upskill their business and employees. These steps bear multiple benefits to the professions and organization as a whole. Shared below are some of the benefits.

1. Flawless & Efficient Work Process

Work performance is directly proportional to smooth business processes. Efforts and initiatives of well-trained employees make the work process flawless and improve efficiency.

2. Cost-saving & Business Stability

Employee attrition slows down the work process and creates a need for recurring investments to employ new workers. A skilled workforce reduces employee turnover, saves recruitment costs, creates business stability, and increases profit percentage.

3. Recruiting Tool & Employee Retention

Creating upskilling opportunities acts as a marketing tool in reaching out to the employees even before employing them. Employees stay longer and also speak well about the company in their circle and on social platforms.

4. Learning Culture & Brand Building

Dynamic learning opportunities create a coaching work culture. Employees' aim of self-growth simultaneously adds to business growth and creates a strong brand reputation.

5. Higher Income & Steady Growth

Active learning keeps professionals in sync with the changing demands of the industry. Adding weightage to the skill set and their CV or resume, empowers individuals to demand higher packages and also helps them grow steadily or even switch their verticals or work type.

Pandemic break, post-pandemic lifestyle, technological dynamics, and GenZ & millennials (young leaders) at the workplace – all these are also the elements that catalyze the need for reskilling and upskilling.

So, what is it that you want to upskill yourself with?

(This article is written by Alisha Fernandes from TechDoQuest (TDQ), in partnership with NewsMeter. Views expressed by TDQ do not reflect that of our media organization).