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Upskilling Employees: Top 5 Benefits

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Here’s a test: if you could give everyone employees only one skill, what would it be? You might want to rethink your response if it was something like, “I want my employees to learn X software.” Because that software tool might be replaced by a newer, glitzier program in less than six months, and your request would be for naught. But what if you weren’t forced to choose and could instead develop the entire skill set of each of your employees? Upskilling workers create well-equipped, adaptable teams that can cope with change or even lead it. 

What Is Skill-Upgrading? 

When businesses wish to train their employees in new skills, they spend money on employee upskilling. Employees can better accomplish their duties while being informed of the most recent trends and business developments in this way. Additionally, they get to take on more senior responsibilities inside the business or even fill skill gaps. 

5 Statistics Demonstrating the Benefit of Employee Upskilling 

Do both companies and employees value upskilling? Upskilling training is well-regarded by both employers and individuals, according to a new TalentLMS poll on employee upskilling and reskilling. The survey’s top 5 determinations, which emphasize the advantages of employee upskilling, are listed below. 

Enhances Productivity

Companies make investments in employee upskilling so that workers can complete jobs faster, generate new ideas and solutions, or take on more difficult responsibilities. But do workers also feel this way? 

Eight out of ten workers claim that upgrading their skills has increased their productivity. They can contribute more to their team’s accomplishments in this way. Companies concur. 91% of them have noticed a rise in overall productivity as a result of employee upskilling. Better outcomes derive from increased production. Better outcomes also imply happier and more motivated workers. 

Creates Resolute Teams

Eighty percent of workers claim that advancing their skill sets has given them more confidence at work. This is not to argue that you should provide training solely to boost people’s self-esteem. Confident employees are more inclined to share exciting ideas. Additionally, they are more inclined to take the initiative and find solutions before issues worsen. 

For employees who may otherwise feel invisible, fostering confidence is especially crucial. Introverts and members of underrepresented groups, such as women, persons of color, and those who did not attend Ivy League universities, are two examples. 

Makes It Simpler to Deal with Changes at Work

Unexpected events can cause workplace unrest, from one person quitting abruptly to a pandemic breakout. Although changes aren’t always predictable, you can plan for them and adjust as they happen. 

One of the reasons 68 percent of businesses spend money on employee upskilling is a change in management. This might involve technological developments, organizational changes, new initiatives, and more. 

Enables Businesses to Utilize New Technology

The idea of a robot takeover makes me think of a dismal future. Despite all exaggerations, technology is revolutionizing the way we do our jobs. Additionally, workers should never be concerned about losing their jobs as a result of technological improvements. 

They should be encouraged and informed that they can automate manual activities so they may concentrate on more crucial work. Due to technological improvements, 65% of the organizations have already taken note and invested in staff upskilling. 

Builds the Soft Talents of Employees

What if one of your team’s excellent designers is adamant about not using the latest drawing software? What about a successful seller who comes off as being overly aggressive? Employees require the appropriate soft skills; simply being able to check off tasks is not sufficient. 

53% of workers said they would want to receive soft skill training. Employees who were asked which soft skills they excel at gave communication, flexibility, and resilience some of the lowest ratings. Your staff members will advance both professionally and personally if you concentrate on these areas. 

About the author

Neha Verma

Neha Verma is a content writer who has 5+ years of experience in writing content in different domains and industries. She has been working with B2B & B2C industries and has created content for presentations, the training worked on web content, and copy content. She specializes in blogging, email marketing, and digital marketing content. Currently, she lives in India.