Upskilling + Reskilling in 2023
As we move through the year, organizations that offer opportunities for retraining and upskilling will have an advantage in attracting and retaining people. The year 2023 is the year of Great Layoffs. Utilizing mentoring programs to capitalize on the knowledge and experience of your seasoned team members is one of the finest ways to achieve this and enjoy the advantages that come with better engagement and retention.
Times change, so do the skills required to hold a position.?In addition to transforming jobs, digitalization continues to create new avenues.?According to a?study by Dell and the Institute for the Future, 85% of the jobs of 2030 do not exist.?Thus, an important strategic focus area is what and how to increase the skills of employees.?"Upskilling + Reskilling"
In today's rapidly changing job market, reskilling and upskilling have become increasingly important to remain competitive and adaptable. With advancements in technology and new industries emerging, traditional career paths are evolving, and professionals need to constantly update their skills to remain relevant and valuable in their respective fields.?
Upskilling to address the skills gap
Upskilling strives to strengthen current skills by combining the English concepts "up - augment" and "skill - competence." It refers to training aimed at updating existing skills to support corporate changes. It is thus a matter of adopting and adapting to new skills that will help to make your employees' working days easier and more productive, but also of staying up to date on the latest technologies in their fields of activity in order to prepare them for the future while dealing with skill obsolescence.
Understanding current trends in the industry or profession in issue and determining individual or team-level skill gaps are the first steps in skill development.
Sometimes, your staff members will take the initiative and request a new tool, a different working style, or new training. As humans we have to actively listen
Retraining in support of reskilling
We cannot, however, ignore the fact that the digital revolution has rendered some occupations obsolete. "Reskilling" is the solution so that obsolescence doesn't coincide with contract expiration! Reskilling, which is synonymous with "re-again," "skill-competence," and might be interpreted as "requalification," attempts to give an employee whole new skills so that they can retrain and change jobs. Leaders can better help employees in their careers by redefining roles to place an emphasis on skills rather than routine duties..
领英推荐
Reskilling involves learning new skills to enter a different career or industry, while upskilling drive enhancing existing skills to keep up with industry trends and advancements. Both reskilling and upskilling are essential for professionals who want to stay ahead of the curve and remain employable.
One of the main reasons why reskilling and upskilling are critical in 2023 is because of the accelerating pace of technological change. Automation, artificial intelligence, and machine learning are becoming increasingly prevalent in the workplace, and jobs that were once considered safe from automation are now at risk. In this context, it's important for everyone to develop new skills that are in demand and cannot be easily automated or are considered as niche
Moreover, post the pandemic, humans have accelerated the adoption of digital technologies, making it even more crucial for professionals to reskill and upskill. From Remote>>Hybrid>>Modern ways of work and digital literacy is now a basic requirement for most jobs. The era of 2020-2022 also disrupted traditional industries, leading to job losses and the need for workers to transition into new roles.
Another reason why reskilling and upskilling are essential in 2023 is the rise of the gig economy. More and more people are working as freelancers or contractors, and these workers need to have a diverse range of skills to remain competitive in the job market. Freelancers, Gig workers, Digital Nomads must constantly update their skills to stay relevant and meet the changing demands of clients.
Reskilling + upskilling have become critical in 2023 due to the accelerating pace of technological change, the impact of the slowdown, and the rise of the gig economy. Professionals who invest in developing new skills and enhancing their existing ones will be better equipped to navigate the rapidly changing job market and remain employable in the long run.
When workers improve their skills, everyone wins. Research from LinkedIn shows that 94% of workers?would stay longer?if their company invested in their learning. As far as out-of-pocket investments go, mentoring is one of the most cost-effective ways to do so, and produces some of the best ROI.
Believe in the future The uncertainty, change, and the future... All of this can be frightening. This is an excellent time to capitalize on the changes and explore all of the new opportunities for improvement that are accessible to you, your employees, your teams, and for "Your -OwnSelf". Learning and development, as well as talent management, are critical components to completing this journey successfully. Think about the direction your company wants to take and the impact this may have on your employees and teams who will need to acquire or renew their skills, and steer. Invest in training and take the road to employee success and fulfillment. The keys to the future are in your hands!
The advancement of technology comes with evolving job roles and continuously evolving business processes. This makes it a necessity for employees to upskill themselves to keep up with the fast-paced changes in technologies to future-proof their careers and explore more opportunities or job roles to stay ahead in the game. Ganesh Iyer
Serial Entrepreneur, Seed investor, and Growth Analyst. Helping startups to grow multi-folds. Working on an AI-powered platform that helps investors, entrepreneurs and industry leaders to peep into the future.
1 年I believe tech companies, and indeed all organizations in the digital economy, are realizing that digital skills are essential for employees in the digital era. AI, machine learning, data science, business analysis, programming and development, data visualization, digital marketing, and cyber security are in high demand and will remain so in the future. Upskilling to the most in-demand skill sets will help employees better adapt to change within the business and maintain job security even if restructuring becomes necessary for their company. Ganesh Iyer
Co Founder @ Application Square Infotech Pvt Ltd/SkillMatrixPro|Helping businesses to get their manpower skill aligned|Tech content writer|Product Marketing|
1 年The decade we started with the pandemic with the outcome of the lockdown that forced global organizations to change the way of working and bring in more and more digitalization to each and every possible aspect that essentially brought in newer skills to learn, adapt & implement. By the third year of the decade, as the pandemic is well under control, Now we can now say it will be a decade of upskilling and reskilling. Article ??
Speaker | Author | Mentor | Coach | Corporate Trainer Career Counselor|Test Automation Framework Architect | Automation Testing | Java | Selenium | DevOps | Python |Data Analytics| Microsoft Azure | TestNG |Maven |GIT |
1 年its must for everyone to upskill or reskill
Learning & Development (Continuing Tradition Of Excellence)
1 年Hello Ganesh, Your article is definitely an eye opener and a wake up call to all workforce and IT Fraternity in Particular. Thanks a lot. Jagan, SoftClouds.