3 Reasons why Upskilling or Reskilling is important in 2023

The Infrastructure sector in India and around the world is seeing unprecedented growth, primarily- population growth, urbanization, industrialization, and rise in disposable income are key growth drivers of the industry. ?The Infrastructure sector includes Power, Urban Infrastructures like Metros, Airports, Data Centers, and Industries to name a few. As this industry is responsible for propelling the overall development of the country, it enjoys intense focus from the Governments for initiating policies that would ensure the country’s time-bound creation of world-class infrastructure. As per?Invest India, the Indian construction industry will reach?$1.4 Trillion by 2025, and India is expected to be the world's largest construction market by then. The industry looks poised to capture growth opportunities and is also very evident as job hiring activities gain significant momentum as many job openings posts keep coming up on the considerable job portal, i.e., Naukri.com, LinkedIn, Indeed.com, and many others. As a result, many Organisations & Professionals are now looking to enhance their skill set by upskilling, or take a new direction completely by reskilling.?In this article we will explore what it means for Organisations and Professionals and how we can help you.

What is upskilling and reskilling??

You might have heard these words a lot recently – but what do they mean? While they both imply learning new skills, there is a difference. Let’s take a closer look.?

Upskilling?

• Upskilling?is the process of learning new skills to enhance your skill set.

Upskilling is most common within the workplace. Employers may want to train their workforce to acquire new skills, ultimately enabling workers to grow in their current positions and bring added value to the business.?

Yet, many individuals who are not involved with an organisation may also want to upgrade their skill set. They might take short courses, masters programs or professional traings to achieve this. Ultimately, this is a means of enhancing your career path.

Reskilling

• Reskilling?is the process of learning new skills with the goal of finding a different job or career path.

Reskilling is attractive to individuals who are looking to change their jobs or careers. They may take further education to learn the skills needed to enter an entirely new field of activity to what they were previously in.?

Yet,?this also happens in the workplace. For instance, an employer may wish to retrain a worker if their position has become redundant, or if their skill sets would be better suited to another role.?

Three reasons why upskilling or reskilling is important now

Most people upskill or reskill to stand out from the crowd. Yet, after the past year, it’s now more important than ever. Here’s why:

1. Strong Sectoral Growth

?As history shows us, a global pandemic or major natural disaster is usually followed by a period of prosperity.?Research has found that?even though COVID still exists, the world is on the verge of a post-pandemic boom.?With all this growth and optimism, gaining new skills will put you in a better position to take advantage of a stronger economy. So, if you want to make sure you’ve got the edge, it’s time to start thinking about upgrading your current skills or changing your career path altogether now.?

2. Growing digital technologies and innovation?

While digitalisation was underway prior to COVID, the pandemic has?accelerated the rise of the digital economy. This has led to some major developments in the world of work. These include:

• Digital transformation?- While companies were previously reluctant to switch their traditional systems to digital,?the pandemic almost left them with no choice. If they wanted to continue doing business while the world was in lockdown, they needed to work digitally.?This has led to a sharp rise in the development of new apps, systems and software. As a result, employers have had to retrain their workforce to use this technology. Yet,?where technology is replacing workplace jobs, such as traditional administrative roles, workers are having to reskill to find other roles.?
• New job roles?- Digitalisation is creating new job positions that?didn’t exist 10 years ago. These are typically associated with using and developing technology, and the current?demand for these jobs is on the rise. As a result, more people are now looking to gain these skills and find work within the sector eg. BIM.?

3. Skills shortages?

Digitalisation also creates a demand for new skills – and this is proving to be problematic. There is now?a global shortage of skills?connected to new technology-based jobs.?

The top 10 skills in demand in 2020?include:

1. Complex problem-solving
2. Critical thinking?
3. Creativity
4. People management
5. Coordinating with others?
6. Emotional intelligence?
7. Judgement and decision-making
8. Service orientation?
9. Negotiation?
10. Cognitive flexibility

If you want to change jobs or simply prepare for the future of work, now is the time to consider acquiring some of these scarce skills.

How can EMEND Help you ?

At EMEND, we are devoted to helping you reach your goals. Whether you’re an individual looking for a new career path, or an employer searching for a training programme for your workers, here’s how we can help:

In-company programmes?

Our?in-company courses?are aimed at companies that want to help their employees build new skills and gain knowledge across a number of business subjects.??

Whether you’re looking for more training for your employees or consultancy for your company, we offer flexible programmes and projects “á la carte” to suit your business needs. All of which are delivered by our knowledgeable and experienced professionals.

Short courses?

Our short courses?offer a great way for individuals and professionals to acquire new skills or enhance existing ones. These courses follow the same subject areas as our Masters. Yet, they offer you the opportunity to choose and specialise in individual modules.

They’re great for upskilling and getting a taste of the subject matter in case you’d like to take this career path further.?

If you’re interested in beginning your path to upskilling and reskilling now, head over to?our website?or?contact us at [email protected] today.