14 May, 2020
5 Reasons Why Upskilling Your Workforce is Imperative for Your Organisation
This informal CPD article on 5 Reasons Why Upskilling Your Workforce is Imperative for Your Organisation was provided by Wallencore, a Canadian-based company providing a range of cybersecurity services and solutions.
Research suggests that more than half of the workforce needs significant reskilling and upskilling. Not just in technical skills like understanding emerging technology trends like artificial intelligence or cryptocurrencies. Yet, also to become competent in soft skills such as strong decision making, communication, attention to detail, and teamwork skills.
In today’s dynamic business world, there is a continuous need to develop a new skill, acquire knowledge, and earn certifications that are essential in the present technologically driven market. The demand for skilled professionals with both technological and analytical skills in a growing digital economy is stimulating the generation of jobs and creating competition among employers looking to find skillful workers. Therefore, it is crucial to stay a step ahead of your competitors when it comes to training your workforce. Hence, many organizations, including small businesses and large corporations, have turned to eLearning to reskill and upskill their staff as an alternative approach to conventional training.
Here are five reasons to consider e-Learning when weighting up reskilling or upskilling your workforce.
1. Employee Retention
Organization employees who have access to corporate eLearning courses are more satisfied and more productive, which can be attributed to higher levels of self-esteem within the workplace. If employees feel that they’re not qualified, or prepared to excel in the tasks assigned, it will disengage them, which will then impact the overall productivity of the organization. A secondary advantage of upskilling the workforce is increased job security. Employees are aware that they have the required skills and knowledge, which makes them a valuable member of the team and protect the company from high-turnover rates.
2. Increases productivity
Employees with a wide variety of skill sets can take on more responsibilities and tasks, therefore increases their productivity and efficiency in the workplace. Besides, they perform tasks fasters, with fewer errors and at higher quality. Moreover, an employee, who has completed a customized upskilling online training provided by the organization will be able to step in for a sick coworker.
3. Draws in job candidates
Enthusiastic employees are the best brand ambassadors for your organization. A skilled workforce will continuously advocate for the company thus creating positive word-of-mouth about the organization. Skillful people seek to work at companies that treat employees well and have great work morale. Therefore, whenever your company opens a new job vacancy, more skillful candidates will apply because they know there is a great opportunity for them to learn what they need to prosper in a career.
4. Boost customer satisfaction
When employees are satisfied, it will not only be obvious to candidates applying for a job, yet also to your clients or potential clients. The primary focus of clients is their experience when working with brands, namely customer satisfaction. A well trained and satisfied workforce would definitely have a great impact on the clients. In addition, upskilling and reskilling your workforce will provide presentation and insight of your organization to the clientele, from which both parties will benefit.
5. Create a culture of learning
An often-neglected aspect in all corporate upskilling is the importance of developing a learning culture within the organization. Such would mean empowering and encouraging your workforce to understand the value of education and provide them with the time and the necessary resources to complete the training. Hence, upskilling should not only benefit the organization but also should serve as an investment in the careers of your employees.
We hope this article was helpful. For more information from Wallencore, please visit their CPD Member Directory page. Alternatively please visit the CPD Industry Hubs for more CPD articles, courses and events relevant to your Continuing Professional Development requirements.