December 28, 2021
How Upskilling Employees Closes Talent Gaps In An Organization
Most employees are promised career growth when they are first hired. And it is just right that they get the apt amount of support from the company in terms of reskilling or upskilling their level of knowledge and capabilities relative to their scope of work. In fact, it is a collaborative effort between skilled labor and the organization. At the end of the day, it is a win-win situation – the business benefits from the employees, and at the same time, the employees further improve their current skill set.
Now that the world has become more digital and connected than ever, the company’s operation environment evolves as well. With this, the need to create talent and skill opportunities for existing employees has become more prevalent. Now, how does this contribute to the organization in closing talent gaps? Here’s what we think:
Loosens up a stiff competition
Corporate competition, to some extent, creates a healthy environment in the workplace as it helps carry out the needs and requirements of the business faster and more efficiently. But there has to be a fine line between healthy competition and negatively stiff competition. It is important for the human capital department to ensure the future employability of its people by individually assessing their skills and capabilities and carefully reviewing how they can help improve their jobs. Upskilling them is one of the most effective ways of doing this as they get to specifically target the worker’s needs in consideration of the changing requirements of their current roles. This way, each employee will be motivated to do their jobs and would have a much more focused learning “module” to help them carry out their tasks.
Improves overall talent strategy
Taking these necessary steps towards upskilling current members of the skilled labor community plays a significant role in the company’s overall talent strategy. This simply means that employers are able to make employee career growth a part of their objectives and corporate values, which, then, helps attract and retain talents in the organization. Most of the workforce, especially the millennials and Gen Zs, consider a company’s brand advocacy in applying for a specific job. To them, it is a valuable aspect that measures their employability on a long-term scale. With more jobs becoming obsolete and more likely to disappear in the near future, upskilling employees is considered a wise move in order to sustain the business and its valuable talents.
Responds to the ever-changing industry landscape
With the rise of technology over the past decade, the needs and requirements of the industry landscape across various sectors change as well. Moreover, assessing the skills that will be needed in the future based on how businesses fare today seems to be a logical direction that every company should go for. This minimizes operational expenses and, more importantly, closes talent gaps as the human capital is able to learn and adjust ahead of time. Evidently, talent gaps have become more critical in navigating through an industry of constant innovative change.
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