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Mazenet Solution IT Industry Blog

Why upskilling your employees is more important than fresh hiring?

Reading Time: 7 minutes

Will companies catch up with the expectation of the employees in upskilling their talent? This is a prominent question in the corporate world right now. 

Many employees are ready to do what their employees need to do. Will companies set up accordingly? This is a prominent question in the corporate world right now.

As we know, AI has been upending for the past few years. Knowing the growth of AI, companies are shifting their business towards technology at the earnest. The employees, who consider themselves as talented and experienced for years will suddenly find themselves in uncharted waters. 

Employees are happy about training! So are the companies!!

Keeping this scenario aside, it is good to know that employees are ready to learn and embrace new technologies. According to an Accenture Survey on the future workforce, around 60% of the workers have positive waves on the impact of AI. And, they are ready to upgrade their skills in the AI field. It helps in handling intelligence machines with their trained knowledge.  

training budgets

It is necessary that both the employees and employers travel on the same train. As of now, 3% of the businessmen have been planning a significant increase in their training budgets to meet the upcoming challenges. The number of businesses adopting AI has been increasing drastically. Implementing the right technology at the right time will not give you returns. Enhancing the challenges with trained employees speaks well. 

Upskilling Vs Reskilling

Few companies have confusion between upskilling and upskilling/reskilling their employees. Both come under the corporate zone but with different benefits to the employees. Upskilling is the process where the employees are trained under the new area. It helps in adding additional skills to the employees. For example, if the software development company ought to indulge in a new programming language field, then the affected developers will upskill their knowledge in the new programming zone. 

reskilling

On the contrary, upskilling/reskilling is a little bit away from the viewpoint. When the employee undergoes upskilling/reskilling, his skills in the particular technology has been replaced with the updated skills according to the needs of the market. For example, here the coal miner will learn to code and become a developer. 

Benefits of upskilling/reskilling your employees

Before framing the training insight, it is necessary to know what upskilling/reskilling your employees bring in to your organization. Here are the listed benefits of the process. 

Benefits of upskilling

Improved employee productivity

Technology has the power to improve the work time and efficiency of the employee. So, what’s the catch? If they are unaware of the technological concepts well enough, things change upside down. It will surely affect the productivity of the worker thereby bringing in less ROI. 

Staff retention

Few say that talent retention directly affects the business’ productivity. But, it is not true. Employees who feel that their employer is investing in them will stay in the company for a long haul. Moreover, when they get a well-equipped learning session, they will feel motivated and work more efficiently than before. 

Customer satisfaction

Satisfied employees will reflect their happiness to the customers. Employees with new skills and updated knowledge have the power to work faster and efficiently that brings a great change to the history of the company. 

Make “upskilling/reskilling the employees”  your cup of tea

As AI has been in the peak of the technological sector, simultaneously the innovative automation tools have hooked up. Both mega tech operators and startups have been using the automation tools diversely to bring out efficient work. Recently, Microsoft introduced a new system that streamlines their work process. In order to get the full benefits of AI, upskilling the employees become the mandatory one. As mentioned in  weforum.org, at least 54% of the employees have to undergo upskilling and upskilling by 2022. 

upskilling

In order to withstand the technological challenges, companies are ready to reskill their employees under respective technology. Coming to the AI point of view, the hype and exposure remain steady for many years in the future. According to the 3000 CIOs from 89 countries, Gartner’s study revealed that AI is the most disruptive technology. This made many companies indulge in AI implementation. 

If the businesses are ready to work on increasing the economies, then they can collectively reskill 45% of the employees who are at a job-risk due to lack of knowledge. 

Pointers to encounter the challenges of employee upskilling

After realizing the importance of the employee upskilling, the next thing the company ought to face is the challenges. Many challenges will circulate the company when they indulge in new technology transition. Here are the pointers to keep in mind that help in overcoming the challenges. 

Facilitate continuous learning for their employees

Access to the learning opportunities helps employees to get an increased employee turnover rate. Learning or getting valuable information from their managers or HRs might bring a great change in their daily work. In order to withstand the technological challenge, frequent training sessions might help in a great way. Ensure that the training sessions provide them with knowledge about on-demand AI tools. 

Leverage advanced technologies to enable development

Effectively map the learning journeys of the employees thereby including cutting-edge technologies like AI, Big data, ML and other relevant algorithms. Going a step forward, many classroom training sessions become adaptable to the employees. It helps in identifying their individual performance and activity engagement. It helps in proceeding further training. Companies must have a detailed insight into the training program that helps in bringing out a skilled employee as output. 

Improve employee participation and learning experience

Gamifying the employees improves the learning experience and employee engagement. It can be done by adding up peer-supported social groups and thereby bringing rewards as a positive motion. It creates enhancement using upskilling and retraining tools. 

Organizations can also indulge in providing their employees with convenient access to learning. Though the technological revolution made companies to migrate into new technologies, they will forge long-term benefits once their migration goes successful. 

Things to do and things to avoid during upskilling the employees

Upskilling or reskilling the employees indulge in several processes that may vary. Let us take a deep magnifying look about the Dos and Don’ts of the process. 

Dos and Don'ts

Good to invest in personalized development plans

Every employee ought to have their own personal interests and skill set. Few employees are ready to have expertise in different levels of training. In order to remain effective in their jobs, they will sustain their threshold to learn new things. When designing an upskilling/reskilling training, aim to understand the skill set of the employee. A thorough analysis will help in getting the right levels of training. The next step includes the personal development plan which becomes a major requirement for many employees. 

Include real-life case studies and simulations

A practical edge will bring in a good implementation of training to the employees. It helps them to start applying the concepts in a faster manner. If the training focuses on the upskilling, the employees will start encountering work flexibility and efficiency. It drives them towards the goal in less time than estimated. Using more advanced techniques might help the employees get plenty of opportunities that pave an experienced outlook for the employees. 

Offers mentors to support upskilling

Whilst glancing a look at the eLearning trends, mentorship and learning by example stand first in the list. What is so important with the mentorship? Is it that important? Yes, it is, because learning from another employee brings in a desire of building social learning and thereby helps learners to build skills long after the initial training. 

In order to bring in an effective upskill/reskill to your employees, it is necessary to establish a perfect mentoring program. It helps the employees to be more effective in their future tasks. Adding up, you can also provide training to the employees that will provide results within a short period. 

Don’ts

Many companies are bound to make errors while reskilling/upskilling their employees. Hence, here is the list of mistakes that companies must avoid while indulging in the training process. 

reskilling/upskilling

Avoid conducting training as a once-off event

Few companies still follow the myth that training once will make their employees proficient in a particular technology. However, to their surprise, it is necessary to train the employees frequently. Employees undergoing training improves their skills in their respective technology. Acquiring a skill needs valid time and efficient training. Hence, it should not be done once in a while. Employee training has to be mandatory in every organization to pick up stamina in the technological race. 

Traditional classroom training delivery is not old fashioned

Undergoing training has become an important thing in the current world. If the employees are undergoing such training, it should be engaging, convenient, and relevant. Many corporate get confused with the methods of training. Opting for the right methods of training will provide better training sessions for the learners.

Compared to the other modes, traditional classroom training has a wide array of features. It helps in providing several types of content delivery. Thereby, it also offers different assessment features and it makes a great difference to the upskilling of the employees. Convenience features will bring in many changes to the training delivery of the employees.

Avoid searching your answer among the “Top 10 technological skills”

Every corporate feels that only the top 10 skills are buzzing about the corporate world, but none of these skills will provide results sooner. For example, take critical thinking as an example. It requires the ability to analyze and weigh the information. There are many meta-skills that will guide you in the path towards success in a steady rate.

Bottom Line

In a nutshell, looking into the challenges and preparing for it paves a better success rate for the organization. Aligning the competencies of AI and battling it with the cognitive lead team and dealing with career transitions. Chances are high when the learning process deal with your challenges. With the process of reskilling/upskilling your employees, the organization will develop a great level of skills to face the client projects in an efficient manner. 

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