Value of Reskilling & Upskilling of employees

Staying competitive is directly proportional to continuous learning. With time , employees and their development have become most important for an organization . As a part of Performance Management System , it is essential that the employees should be given IDP & CDP in order to show them their growth path in the organization . Skills are treasures , but once you do not use the same , it erodes and just stay as a degree without practice .

Why Upskilling is important - With the changing pace , after a certain age and grade people are hesitant towards learning . Learning Agility decreases and their comes their difference of opinions with the ongoing generation and practices .These lead to a team issue for which performance becomes a problem . This is where the gap starts and the need of Upskilling is required .

Why Reskilling is important - It is being observed by next decade , the need for human beings in job is going to be limited as it would be taken over by Machine Learning and Artificial Intelligence . Based on this, the major challenge is the learning transition and also upgrading self as per the job . This is where the need of Reskilling comes into being .

Reasons why Reskilling and Upskilling are important:

1. Enhanced Employee Productivity : When employees are equipped with the latest knowledge they perform well and thus it enhances the productivity.
2. Innovation - When employees are trained in latest practices they start thinking out of the box , and that helps a mind to thrive in an unknown territory and discover new things which
3. Strengthening the Talent Pipeline - Reskilling ,can be aligned with succession planning, ensuring that a pool of capable employees is ready to step into critical roles when necessary.
4. Improve Employer Brand- When an organization provides upgrading growth opportunities to its employees , the brand of the organization flourishes in the market
5. Increase Employee Retention -Employees tend to stay longer with companies that invest in their growth and development. It brings in a lot of motivation , job satisfaction and consistency in the organization .