In short, once you create a culture of learning and a supportive learning environment within the organization, it leads to low staff turnover and high job satisfaction on the part of the employees. It helps you have a distinct competitive edge in the industry you are operating in.
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3. Identify & Close Skill Gaps
Upskilling and reskilling can address your employees’ soft skills (leadership and teamwork, problem-solving and critical thinking, ability to innovate) and hard skills (primarily new and emerging digital skills such as cybersecurity, data analysis, etc.).
But why should companies invest on their own for upskilling their employees?
This is because once you take measures to fill the skill gaps within the organization, this results in a low turnover. And in most cases, it is cheaper to train your existing employees than go out and hire new ones.
4. Attract New Talent
This holds especially true when companies are looking to hire high-profile fresh candidates. Today, many different sectors need more talent pools when hiring people for various top roles within the organization.
In such a scenario, companies that enjoy the reputation of having a good culture of learning have a clear edge over their competitors. Millennials today have a pronounced personal growth mindset and want to progress fast in their careers.
By having to upskill training opportunities, you are already communicating the message to the candidates that they can quickly fulfill their growth ambitions by working with you.
How to Upskill Your Employees
[Alt text: A picture of a team of workers in a conference room watching a leader present something on a computer, upskilling employees like ThriveDX does with boot camps.]
A company can provide upskilling opportunities to its employees through various means. Depending on its requirements and the job profiles of the employees to be upskilled, reskilling and upskilling can be achieved through attending special seminars and workshops, arranging learning sessions with experienced business coaches, encouraging employees to subscribe to relevant online learning programs, and more.
However, when it comes to filling up skills gaps in the technology-related area, arguably nothing can be as fruitful as making your current employees join online/offline digital or coding boot from ThriveDX that offers camps that cover areas like Cybersecurity Training, Data Science & Analytics, Digital Marketing, Software Development, and more.
