The world of work is changing. We are moving away from the traditional 9-to-5 model, and this is not going to change any time soon. As a result, increased organizations are making the decision to invest in lifelong learning for their employees. But why? The benefits of upskilling and reskilling extend far beyond just retaining employees or reducing attrition rates. It also creates a culture of commitment to growth and development within your organization and that can only be good news for everyone involved!
We are changing the way we work.
The way we work is changing. The speed of technological advances and the rise of new generations, who have different attitudes towards work and life, present a challenge for employers who want to remain competitive in an increasingly complex global economy.
- The digital revolution has changed how we communicate with each other, share information, conduct business transactions, and access services such as healthcare or finance – but it has also changed the way companies operate internally as well as externally with customers or partners.
- Younger workers are less inclined than older ones to accept “the way it’s always been done” when it comes to how they do things at work: they expect flexibility from employers because they themselves are accustomed to working flexibly thanks to mobile devices which enable them (and their managers) to stay connected 24/7 regardless of location.
Keeping employees happy is one of the most effective ways to retain them.
Retaining employees is a benefit for business. It is a simple concept, but one that many organizations fail to grasp: If you want to keep your most talented people and reduce the cost of replacing them, you need to invest in their development and offer them opportunities for career advancement.
One way to do this is through reskilling programs. These enable employees to develop new skills or expand their knowledge base to take on various roles within the organization. This can be especially helpful if you are looking at ways of reducing costs while maintaining elevated levels of service quality–for example, by increasing automation without losing any staff members along the way.
In addition to helping retain employees who are ready for promotion (or simply staying put), reskilling programs also give workers more confidence in themselves as professionals–which helps prevent employee attrition due to their lack of self-esteem or sense of belonging at work instead!
Generation Z is eager to learn.
Gen Z is the most educated generation ever, with 85% of them having received at least some college education. They also have an elevated level of self-esteem and confidence in their abilities, which makes them eager to learn new skills and adapt to changing situations. The fact that Gen Zer’s are willing to work hard for what they want means that companies need to provide fulfilling opportunities for growth. This is if they want to attract and retain top talent.
Gen Zer’s are committed to their careers: 82% say they would take less pay if they could learn something new every day at work (compared with 66% of millennials).
Most of the Gen Zer’s (55%) say they will work at their current company for more than five years, compared to only 44% of millennials. This is partly because they are less likely to change jobs frequently due to their keen sense of loyalty and commitment. Their prominent level of loyalty may also stem from the fact that Gen Zer’s have been raised in complicated economic times; as a result, many consider themselves extremely lucky to have any job at all.
Growing and developing a work culture is beneficial.
Upskilling and reskilling are essential to the success of your organization. They help you keep up with the ever-evolving skills needed to do your job, but they also benefit your employees in many ways:
- They are happier and more productive. When they feel that they are growing as individuals, they will be more engaged at work, which leads to higher levels of motivation and engagement. This can result in lower turnover rates and higher productivity-both things any manager wants!
- They feel valued by their company or organization because it shows that leadership cares about their development as people as well as professionals. This feeling of appreciation makes them loyal employees who stick around longer than those who do not receive the same level of attention from management (or lack thereof).
The key to futureproofing is to learn.
Learning is futureproofing. Learning relevant skills and knowledge helps you to be more valuable in the workplace and can help you get a promotion in the future. Learning new skills will also enable you to adapt better if your job changes or if the organization where you work needs someone with those skills.
The more skills you have, the better it is for your career. You can also use this time to learn a new language or skill. This will help you in your current job or even open opportunities when you look for new jobs in the future.
It is also a smart idea to start a side business if you have time on your hands. This can be anything from doing home repairs to selling products that you make yourself. The main idea here is that it will help you boost your income and build up a safety net in case something happens wrong with your job.
A career development program is essential for any employee, regardless of whether they are moving up a career ladder within their current employer.
Learning relevant skills is an essential part of any employee’s career development, even if they are not moving up in their current organization.
Employees who are looking to advance their careers need to keep up with the latest trends and technologies. To do this, they will need to learn new skills that will help them succeed in their current role. This will prepare them for any future opportunities that may arise.
When you are considering what kind of training programs your company should offer employees, it is imperative that everyone not just managers have access to learning opportunities. This will ensure that everyone has a chance at developing their professional knowledge base so they can make informed decisions about how and where to use their talents at work every day (and beyond).
Learning new skills is an essential part of any employee’s career development, even if they are not moving up in their current organization. As the world becomes more automated and digitized, people will need to be able to adapt quickly or risk being left behind. Learning new things can also help your employees feel like they are contributing something meaningful to their jobs by keeping them engaged and invested in what they do every day.