The importance of upskilling your workforce

June 30, 2021

We have seen a sharp advance of technology in the workplace in recent years, accelerated by the challenges of the pandemic, with many workplaces shifting their organisational culture away from traditional channels to prioritising digital ones. Employers and employees have had to experiment and adapt with new methods of working, from the latest project management software to adapting to virtual meetings on Zoom and Microsoft Teams.

It is essential that businesses invest in upskilling employees so that employers can leverage new technologies and staff can learn new skills that are relevant to today’s changing job landscapes. This way, employees can perform their job to a better standard and stay up to date with the latest trends and industry developments.

But what are the other benefits?

1) More cost-effective than recruitment

Upskilling your staff comes at a far smaller cost to your business than hiring a replacement. By developing the skillsets of your current employees, you will find yourself with a more diverse, innovative, and balanced team that can adapt quickly to change.

2) Increase employee retention

A company who prioritises the training and development of their employees’ skill sets will maintain and feed productivity, but it’s also essential for keeping employees engaged and interested. Employees want to feel valued at work, so by investing in their development, naturally this will help you to retain your current workforce and reduce costs associated with turnover.

3) Create a culture of learning

Instilling a culture of active learning will help your company be more responsive and prepared for the ever-changing nature of today’s employment landscape.

4) Attract great talent

When it’s time to expand your current workforce, learning and development opportunities will provide you with access to a broader talent pool, as this is an attractive benefit to qualified applicants with extensive skills and experience.

Ready to upskill your employees, but not sure where to start?

Begin by assessing any skill gaps in your company and encourage your staff to identify their own career development goals. A comprehensive analysis will allow you to create a strategy of internal progression, with required training and the best methods of delivery. Make opportunities readily available and affordable for everyone. The beauty of technology means there are endless easy-to-access and flexible courses offered online.

The most successful businesses are the ones who continue to evaluate future needs against current capabilities, creating opportunities that ensure the continued development of employees as well as company growth.