Why Investing In Upskilling Your Team Is A Good Idea
Category • 6 Min Read
With the evolution of technology, the demand for a skilled workforce is at an all-time high. With the availability of only a handful of employees with niche skills, there is a steep competition between organizations to hire the right candidate with the coveted skill sets, especially in fields like AI, machine learning, software development, IoT, etc. In a survey conducted by PwC, it was revealed that 79% of CEOs worry about the availability of key skills in their team, making it one of the top three concerns. In this scenario, upskilling your team members can be a real game-changer for your organization.
If you have not yet considered upskilling your team, here are a few reasons to reconsider your decision.
Upskilling your employees is an investment that many companies might not be willing to do. But when done right, it can yield excellent results for the organization in the long run. If you have been apprehensive about investing in upskilling, the above pointers will help you make an informed decision.
Remember, while upskilling your team is essential to stay ahead of the competition, it is equally important to keep your team engaged because a higher engagement rate can be translated as a higher retention rate. If you’re lacking ideas on keeping your team engaged, especially at critical times like this when your team is working remotely, here are some ideas for you to explore.
After spending over a decade in Corporate Communications, Chayanika started second innings of her career as a Communications Consultant, Content Marketer, and Freelance Writer. She writes on different topics including HR, lifestyle, travel, parenting, digital marketing and mental health. Chayanika is a part of the WritelySo team where she writes engaging content for the readers. When not writing, Chayanika is usually exploring new places with her husband and daughter.