logo
logo
Sign in

4 Reasons To Think About Continuous Upskilling For Employees

avatar
Oust Labs
4 Reasons To Think About Continuous Upskilling For Employees

When you’re hiring new members for your team, you want people who are the best of the best. You look for the latest certifications and you don’t want to settle. But, what happens once they’re a part of your team. The world doesn’t stop spinning and things will continue to change. To keep pace, you need to invest in continuous upskilling for employees. Here are a few ways this can benefit you.


Reduced need for hiring

Let’s say the accounting software you currently use gets overhauled and no one on your team knows how to use the new software. Since work can’t stop, you may have to hire someone new just because of this. Instead, if you offer upskilling programs, your employees can keep pace with changing technology. At the management level too, the need for new hires reduces when you can promote current team members who have completed a certain level of upskilling. 


Higher productivity

As your employees acquire new skills and upgrade their existing skill set, they can make better use of their time and be more productive. This also helps ensure that the technology being used by the company is used to its full potential. Take a simple computer program like Microsoft excel – using the right formulas simplifies processes dramatically. Remember, the higher your team’s productivity, the higher your company profits. 


Higher employee satisfaction rates

It’s not just the take-home salary that keeps employees happy and loyal to a brand. Having a program for continuous upskilling for employees makes them feel valued by the company. The new skills they acquire will not only benefit the work they’re currently doing but will also help with their personal career growth. When employees feel valued, they are more satisfied with their roles and are less likely to search for alternative jobs. Thus, the company’s attrition rate is lower.


Better brand value

For certain things, you will still need to recruit new team members. Just as you consider the candidate’s expertise and experiences, he/s he will also be considering your company culture and values. Building a reputation as a company that invests in it’s employee sets your brand apart from the rest and makes people want to come work with you. Even if you don’t offer the highest salaries, you’re likely to attract better talent for your team.


Developing a continuous upskilling for employees program

In today’s world, getting everyone together in a room for a training session once a week is very difficult. The good news is that there are better alternatives – microlearning apps. These apps are great for mandatory training as well as upskilling. They make learning modules more accessible and allow employees to learn at a pace that suits them. Apps with elements of gamification and multi-media support make the process more engaging and improve retention rate too. The investment cost required is lower too. Thus, it benefits both the employers and the employees. If you want to build a wholesome reputation for your company culture, this is what you need.



collect
0
avatar
Oust Labs
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more