Technologies are advancing and consumers are becoming more knowledgeable than before. It’s never been more important for a business to harness the power of digital technologies than today.
Most businesses and organizations are either in the state of digital transformation or preparing for it. 27 percent of the senior executives say that digital transformation is a matter of survival these days. With facilities such as Spectrum Internet assist, even those who don’t have a great income have the Internet at their homes. This means you are dealing with knowledgeable customers. To cater to this audience, an organization needs a competitive workforce.
Acquiring digital skills and new qualifications is the key to survival. And you can never get enough. You have to keep up with the digital world by upskilling yourself.
If you need a reminder, these are 10 reasons why upskilling is crucial in this digital age:
1: Competitive Advantage
When there’s a shortage of talented workforce, it is not just the employees who suffer, but the organization itself. Over time, your skill set becomes redundant. But if you have years of experience and you have an upskill in your field, you become a competitive candidate. You shine among the crowd of employees with the same skillset.
2: Better Productivity
When you are not on the same page as that of your organization, productivity goes down. Employers these days are looking for candidates with technical skills. You can make yourself competitive and perform your job with digital upskilling.
3: Diversification of Skills
Upskilling lets you add new skills to your portfolio. The more skills you have up your sleeves, the more responsibilities you will be able to take up. It will also support your career aspiration.
4: Improved Morale
Unachieved and unsupported employees are usually unhappy with their jobs. When a person is not satisfied with their own work, they underperform.
With upskilling, the same employees get training and acquire new skills. This doesn’t just improve job satisfaction but job security.
5: Reduction in Employee Retention
If you ever been in a position of hiring a candidate for a particular position, you must agree it’s hard to find qualified candidates. Instead of looking for ideal employees with the latest skills, if organizations encourage their employees to learn new skills, this would reduce the gap. It will also eliminate the pain of hiring new employees, the available resources will be used and the organization will reach its full capacity.
6: Find Like-Minded People
Upskilling helps you find like-minded people. Learning new skills gives you the confidence to meet new individuals. You might also be placed in situations where you have to network. The more your network expands, the more your chances of finding job opportunities increase.
7: Reduced Cost
An organization that encourages its employees to upskill is likely to save its business money in the long run. It might cost you money upfront but once you have a team of trained employees ready, you can do anything with them.
Employee turnover will reduce, you will save money spent on hiring new employees and training them. You also get to save labor fees since your workforce productivity will improve.
8: Survival Depends On It
From Fortune 500 companies to medium and large enterprises, all have been woken up to the digital wave. Every business is competing to stay on top of its game. The importance of continuous learning has finally been realized and it’s not going to slow down.
You will be crushed if you don’t keep up with the digital trends. Your skillset will become stale. With continuous learning, you prepare yourself for new job roles. They have a clear and structured learning path ahead of you.
9: Agile Workforce
The benefits of upskilling are far more than just filling the skills gaps in an organization. As your employees move within the organization and get to play different roles, it makes them dynamic and adaptable.
Your employees learn different skills and understand how the organization works. Ultimately, it helps them learn how to adapt to new environments quickly.
The employees who are looking for a career change bring new knowledge, experience, and even creativity to the company from upskilling. You get to create a dynamic yet agile workforce that’s loyal to your organization.
10: Discover your Passion
When you are given the opportunity to explore and learn new skills, you are likely to find something that you love. You ignite new passions that you never thought existed. Upskilling is not just beneficial professionally but personally as well.
What’s Your Approach to Upskilling?
It’s clear that upskilling is beneficial for both the employees and the organization. It’s simple math. I would never remain loyal to Spectrum Internet if they don’t introduce new offers or Spectrum TV packages. Likewise, to stay competitive, upskilling is necessary. It all starts with creating an upskilling program in your company.
Investing time and money into upskilling your workforce ensures that your company is agile and adaptive to the digital trends. When upskilling is engrained in the company’s culture, it encourages employees to be proactive in enhancing their skills. It also makes them more productive.
Now, the question is what will your organization’s upskilling program look like?