Reskilling and upskilling are two of the most important strategies being used by companies today to train and retain talent.
According to research by the World Economic Forum, it is estimated that the evolution of machines and algorithms in the workplace will displace approximately 75 million jobs.
However, they would also create 133 million new jobs. This is why reskilling is becoming more and more important for both companies and individuals.
Let’s take a closer look at what reskilling is and what it’s for.
What does Reskilling really mean?
To begin, it is important to define what the concept of reskilling means.
Reskilling is a training process that provides workers with the skills and abilities necessary to perform new tasks or roles within the company.
This phenomenon began to be seen more frequently due to the need for companies to adapt to constant changes in the market and technology.
Training employees within their work environment generates new opportunities and challenges while improving productivity and professional satisfaction.
Benefits of Reskilling for Your Company
Improves employees’ adaptability and flexibility
Reskilling allows employees to learn new skills and abilities to perform different tasks and roles within the company.
This makes them more flexible and adaptable to changes in the market and business needs.
By training workers in new skills and knowledge, they are provided with the necessary tools to perform their work more efficiently and effectively.
This can result in increased productivity and efficiency within the company.
When a company invests in the professional development of its employees, they feel valued, motivated, and stimulated to grow within the organization.
This reduces continuous staff turnover and attracts talent that is favorable to the company.
Reskilling in the Digital Age
Undoubtedly, reskilling has become a key factor for the digital transformation of the company and for keeping it competitive in the market.
Currently, both employees and middle and high-level positions require adapting to new ways of working, developing skills that allow them to be part of this generational and technological change.
New technologies are transforming the way businesses are conducted and the skills required to perform different roles in a company.
Therefore, it is necessary for companies to train their employees to be prepared to face technological challenges and take advantage of opportunities.
Through reskilling, employees can acquire the necessary skills and competencies to perform technology-related roles, such as programming, data analysis, artificial intelligence, automation, marketing, among others.
In this way, companies can take advantage of the benefits of technology to improve their productivity, efficiency, and profitability.
How to Implement Reskilling in Your Company?
Below we share some tips that will allow you to implement and promote reskilling in your company.
Identify skills deficits
Once your company’s objectives and the requirements needed to achieve them are defined, it is essential to evaluate whether employees and their current skills are aligned with those objectives.
To achieve this, it is necessary to take into account both the skills required for each position.
You can evaluate your employees’ skills to understand what knowledge they need to acquire to meet the organization’s needs.
Additionally, through the analysis of the competencies that need to be incorporated, you can identify the specific skills and knowledge that your team lacks, allowing you to develop training and education plans to close these gaps and improve the company’s productivity and efficiency.
Identify adjacent competencies
After identifying the necessary skills, it is important to search for adjacent skills that are closely related to those required for the new function.
This will facilitate professional retraining. Employees with related skills may already possess the required skills or may be able to learn them quickly for the new function.
Hire companies that specialize in reskilling for specific competencies
While in-house training options are great, when it comes to developing new skills in an organization, partnering with corporate training providers may be the best option.
There are companies that develop corporate training systems focused on accelerating employee learning processes.
Evaluate the training results. Just like it’s recommended to conduct a diagnostic test at the beginning to identify the skills that need reinforcement or incorporation in your employees, after the training, you should verify that the knowledge has been absorbed.
Continuous evaluation of your team’s knowledge and skills allows you to create more effective training and development plans.
Using reskilling in your company enhances both soft and technical skills of your team, promotes team building, and improves interpersonal relationships within the group.
Moreover, it reduces employee turnover rates and monitors team growth through personalized performance reports.
In conclusion, reskilling has become a necessity for companies that seek to remain competitive and adapt to changes in the job market.
Investing in employee skill development not only helps maintain a highly skilled workforce but also increases employee satisfaction and retention.