Upskilling and Reskilling Employees: The Key to Staying Ahead

You have reached this page probably because you searched for ‘Ways to upskilling and reskilling employees’ or ‘An LMS that is best for employee reskilling.’ 

Whatever your search words were, we are sure you are part of an amazing organization invested in people’s development. Gladly, let us assure you that you have reached the right spot!

Is employee training nerve-racking in your company? 

Different forecasts suggest that the majority of employees need major training, upskilling, and reskilling. These training sessions are not just about technical abilities and emerging technologies but are also about soft skills like communication, attention to detail, listening, and much more.

Working conditions and business competitiveness are testing companies now more than ever, spurring the need for employee training programs. 

But what is the right tool for it?

Well, for one, a robust L&D platform can be a one-stop solution for all your employee reskilling-related challenges, especially in a changing work culture landscape. 

Let us see how.

Upskilling and Reskilling Employees for Today’s Dynamic Talent Market

The way companies work has undergone a paradigm shift ever since the emergence of the hybrid or remote working model. We have new ways to collaborate, lead, delegate, connect, and even conduct employee recognition programs.

In 2021, organizations around the world invested an average of more than US $2800 per person in reskilling.

Another interesting statistic shows that despite 91% of employees learning a new skill, 98% of companies report notable skill gaps.

These figures suggest that employee reskilling is a ‘must-have’ in today’s talent market, given the changing work culture.

Upskilling vs. Reskilling Employees

Reskill and upskill have been buzzwords in the talent market for quite a long time. Gartner’s HR Priority Reports say that building critical skills and competencies was the top priority for 2022. 

 Are reskilling and upskilling different concepts? Verily so!

While reskilling involves an employee acquiring new skills that can be applied to a different position, upskilling involves learning a new skill related to their current position.

Whether an employee opts for reskilling or upskilling, wouldn’t it be great to access it all from one source? A perfect L&D platform offers this, alongside other finesses like employee reward programs and much more!

Powering Up Your Workforce: L&D Platforms for Upskilling and Reskilling Employees

The need for reskilling continues to grow as it creates more room for employability, employee capability, transitioning people into new roles, and responsiveness to the latest industry needs. You need a digital L&D platform to lead these changes and create an edge in a highly competitive market.

How can companies augment their employee reskilling efforts amidst changing business conditions? Here is how.

1. Provide an Individual Training Plan 

Reskilling is employee-specific. It is important to consider the learner’s background and identify the skill gap. You need to weigh people analytics, learning analytics, skills, career goals, and interests. A good personalized reskilling plan will be specific to the person and their context. An intuitive L&D platform will perfectly balance individual needs and business goals. Leverage the features of an L&D platform that supports customized and adaptive learning and has a good understanding of the learner’s previous learning pathways, skills, and experiences. 

2. Enable Just-in-time Learning 

In-person communication has changed to virtual spaces in recent times. Employees are expected to perform responsibilities on their own. They also need to adapt to these new developments and new technologies without asking for much mentoring. Just-in-time learning is one of the best ways to support individuals and teams for reskilling. Just-in-time learning focuses on the learners’ needs and provides learning materials accordingly. If a proper L&D platform is in place, then guiding people through new processes or coaching employees on a particularly challenging set of tasks becomes a cakewalk.

3. Ensure Knowledge Sharing

The onset of a hybrid work culture might have made you realize how handier a digital medium like an L&D platform can be than in-person knowledge sharing with peers. A digital L&D platform can ensure job-relevant knowledge sharing at different organizational levels. This collaborative knowledge base will thus spontaneously create a community to share knowledge and best practices. Companies can work their way up using such brilliant L&D digital tools by creating and expanding easily accessible content, thus fostering a culture of knowledge sharing among employees.

4. Gain Insights through Employee Collaboration

A digital L&D unit can boost employee reskilling in your organization by supporting the framing of a learning plan and uploading tailored content. An L&D platform acts as a collaborative digital medium that will bridge skill gaps. It can provide insights on changing business processes and the latest employee trends that come with added benefits like employee rewards and recognition programs enabled through gamified learning.  

Power Up Your People: Upskilling & Reskilling with Skill Lake

Skill Lake is a perfect choice for your organization’s L&D needs. It will help your employees fulfill their current responsibilities in the best possible way and prepare them for hard-to-fill roles in the future.

Wondering how? It supports: (pictorial)

• Framing individual career paths
• Incorporating reskilling in review processes
• Tracking individual lessons’ progressions
• Fine-tuning skills through multitudes of learning techniques
• Recognizing employee achievements

Employees picking up new skills on the job is something that companies look forward to. That is not our say, but that is what 94% of global business leaders believe. 

Reskilling and skill transformations can catalyze business outcomes, such as realizing company strategy, building employer reputation, improving employee performance, and increasing job satisfaction.  

The world of work may continue to evolve. But you need to keep pace with an intelligent L&D platform like Skill Lake.  

Ready for Skill Lake to prepare a future-ready workforce? We bet you are!

Contact us or connect with our team for a quick demo to experience Skill Lake, the modern learning development platform.