As technology grows in leaps and bounds seemingly every day, it contributes to a mounting problem within the workforce: skill gaps. To bridge said gaps, both business leaders and individuals are investing more in upskilling. From large companies like Amazon to lone entrepreneurs, upskilling is rapidly becoming a necessity in adapting to ever-changing roles or growing into new positions.
What is upskilling? Essentially, it is the process of attaining additional abilities to keep pace with ongoing developments, primarily those which are technological in nature. It could also entail the augmentation of existing skills such as staying up to date with upgraded software or modernized procedures.
There are many factors contributing to the rise of upskilling, including the mutual benefits it may bring to employees and employers. From the employees’ perspective, it often serves as a means to empower them within their field, earn a raise or negotiate a promotion, enhance their work life and lead to brighter opportunities.
When personnel develop and expand proficiencies such as this, it could benefit their employers as well. Currently, companies of all sizes are seeing skill gaps within their workforce and in hiring. When these gaps are filled in-house, it works to lessen the costs of onboarding new employees, reduce turnover as existing personnel are generally more satisfied and increase productivity overall.
Whether it’s an entrepreneur looking to revamp business by gaining multiple skillsets or a company wanting to create a culture of learning, upskilling could be the ultimate catalyst in achieving organizational goals and improving employee satisfaction.
For further information on the rise of upskilling, please see the accompanying resource.
Author bio: Nicole Marie is Senior Content Executive at Michael Page, an international recruiting firm. Before joining the recruitment industry, she worked in media and journalism. She now covers employment trends and insights in a variety of industries such as construction, technology and marketing.
This infographic was created by Michael Page, an employment agency for project manager jobs