Skillsets required in the workforce are rapidly changing. It is becoming increasingly necessary to be consistently learning new and additional information in order to keep up to date with the fast-paced economy and job market. Developments across industries as well as advances in technology have meant that changes in the way we work are crucial to maintain high standards within the workplace. This CPD article will look at why upskilling and reskilling is so important, the benefits it provides for both employees or businesses, and also what is meant by cross-skilling.
What is upskilling?
Upskilling refers to enhancing the skillset of an employee in their current job, this is to prevent gaps in their knowledge and to ensure employees come up with current new ways of thinking. Upskilling tends to be aimed at professionals who seek to improve already established skills, encouraging them to become conscious and proactive with their learning. As part of an organisation's overall strategy, upskilling often refers to the educational, professional development and training opportunities offered to employees.
Why upskilling and reskilling is important to employees?
As our world changes and develops, the way in which we work and learn needs to move forward alongside it. By consistently refreshing our knowledge we remain prepared and proactive, and new thoughts and ideas can open up doors in the workplace for both employers and employees.
Keeping up to date with the pace of technological advancement is a challenge for companies of all shapes and sizes. The nature of our jobs and everyday tasks is changing. To be future-ready, organisations must be proactive rather than reactive. A company’s ability to upskill, or its capacity for training and developing its employees to expand their skillsets, creates a significant and important competitive advantage in an increasingly technology-driven world.
Offering a wide range of training options is now a vital component of building an attractive and dynamic brand. By upskilling and reskilling existing employees, organisations invest in the long-term retention of staff and empower themselves to prepare for fast-changing skills demands. Regular skill audits can highlight gaps and inform training priorities. Collaborative feedback systems, where employees voice their training aspirations, can also ensure alignment with organisational objectives.
Upskilling is not only key to maintaining and growing productivity, but is also essential for keeping employees engaged and interested. By promoting continued learning and development as part of its company culture, a business can boost employee job satisfaction, remain competitive and bring out the full potential of their existing workforce.
What are the benefits of upskilling?
Employers should always take a proactive approach to offering their workers lifelong learning opportunities so that they can adopt new skills and knowledge through Continuing Professional Development (CPD). Upskilling encourages individuals to become conscious with their learning and furthering their own career. Below are some of the key benefits of upskilling on a continuous basis, highlighting how these can fundamentally transform the workplace.
- Progression within existing job role – Individuals are able to have a higher level skillset to show to employers. Tasks at work should run more efficiently with an increased confidence in what is needed to be done. Skilled employees execute tasks efficiently, driving productivity and tangible results.
- Gaining control over workload - If an employee has upskilled on faster, simpler ways to complete a task at work, they will less likely need to work overtime; resulting in reduced stress and more time away from work pursuing other interests.
- Highly competitive work environment - Seeing colleague’s upskill and improve workplace capabilities will encourage individuals to improve their own work ethic. This should motivate employees to put maximum effort into the tasks given.
- Stay up to date with technological changes - Organisation’s will be able to take advantage of various technological changes, for example using media to market through online resources and therefore reach a wider audience.
- Retain staff and boost motivation - Investment in skill development signals an organisation's commitment to its staff, reducing attrition. Upskilling shows employers care about their staff's careers and their futures. A boost in employee morale can quickly spread through the team and organisation, leading everyone to feel more connected in the workplace.