Training Benefits: Upskilling or Reskilling Workforce

How Upskilling or Reskilling Your Workforce Benefits Your Organization

The drastic shift in our economy was marked by the technological revolution that pervades many industries today. It became more evident with the efficiency of communication, particularly with production and operations. However, while most industries take delight in the advent of technology, there are issues with human resources that are often overlooked and forgotten. In line with this comes the need for corporate training. Through this article, we learn how training benefits employees and organizations.

Why the Need for Upskilling and Reskilling

Ever since technology boomed, a growing number of workers are displaced by automation and intelligent machinery. In the next few years, this emergence of technology will keep on growing and expanding. And, it will keep on affecting human resources in ways we never imagined yet.We might ask, “Will technology replace the workforce in the near future?” While we do not have a definite answer to the question, the idea is not entirely impossible. Evidently, one consideration when this happens is the increased cost to acquire these future high-end technologies. However, instead of shifting entirely to automation, companies can work on a cost-effective plan that would not only reduce future expenses but will also save the workforce—Upskilling and reskilling.

We might ask, “Will technology replace the workforce in the near future?” While we do not have a definite answer to the question, the idea is not entirely impossible. Evidently, it helps to consider how acquiring these future high-end technologies can affect increase in cost.

Upskilling and Reskilling—At a Glance

Upskilling, according to Centre for New Economy and Society, is the practice of learning new competencies to stay in their present position or designation in the company. On the other hand, reskilling means to learn an new set of skills to transition to a completely new role. For those who look forward to career growth, upskilling is the best way to achieve it. On the other hand, reskilling is for the individuals who desire a career shift.

No matter how smart the technology is, creativity and capability of human remain the best asset of any organization. Hence, along with the growth of technology is the need to enhance human skills to keep abreast of technological revolution. This, in turn, makes their skills more relevant and up-to-date. Upskilling and reskilling the current workforce is a solution that can benefit the present operation of the company and secure its future state at the same time.

5 Training Benefits: Upskilling and Reskilling the Employees

Increase their productivity

It is true that technology had “made our lives better.” However, you cannot maximize devices, applications, or software programs without the knowledge of using their full capability. Employees can achieve to become more productive with proper knowledge of the available technology that can aid them to work faster and do better.

Improve the efficiency of the workforce

Development involves learning not only the use of technology, but also new techniques and strategies that would improve the employee’s job performance. Thus, honing the employees’ existing skills makes them more efficient, thereby taking on tasks with flying colors.

Employees would most likely stay on the job

Investing time and training to employees are ways to make them feel valued. It is an indicator that the company also means career growth for the employees and not just for the company. Hence, it boosts morale and productivity which also motivates them to stay for as long as they can in the company.

Avoid severance and hiring costs

Constant hiring and firing of employees to discover the perfect candidate for the job also demand cost. For example, giving severance pay when terminating an under-performing employee adds up to the list of company expenses. It is more cost-effective to upskill or reskill the existing workforce and make them an asset of the company.

Make your company become globally competent

Digitalization, or the use of digital technologies, evidently infiltrated many industries today. Consequently, lagging behind this digital trend may lead to a failure of keeping up with the growing economy. The best way possible to keep up-to-par with the trend is to develop a digitally skilled workforce. It is an opportunity to stay ahead of the industry’s future demands and become more globally competitive.

Start building a workforce that can make your company globally competitive through these training benefits. CIIT College of Arts and Technology is offering corporate training programs in the area of Information Technology and Digital Arts to help businesses and companies equip the workforce. Speak with one of our Specialist Officers so we can assess and develop a curriculum tailor-fit for your corporate needs. Call us at (02) 411 11 96 or email info@ciit.edu.ph.

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