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What is Upskilling? A Guide to Growing Your Employees Skillset
- Upskilling means upgrading your existing skills through training to fill skill gaps instead of hiring new talent. An organization-wide upskilling strategy creates a culture of ongoing learning, helps enhance employee performance, engagement, and retention and fosters career development for employees. Upskilling is less resource-intensive and more valuable to organizations than reskilling. The upskilling journey involves five steps: find learning opportunities, provide resources, offer continuous feedback and support, monitor progress, and celebrate achievements. A robust upskilling strategy needs to have clear goals, stakeholder buy-in, tools like 15Five, incentives to encourage participation, and record progress. Organizations can make ongoing learning part of their culture by reinforcing learning as a solution to every potential problem.
- Budget constraints, resistance to change, and balancing work and learning are some common challenges faced while upskilling employees. Encouraging pilot projects can help counter the resistance to change, while providing ways for employees to apply their learning during work hours can facilitate their upskilling journey. A well-planned upskilling strategy helps organizations to plug the skill gaps, improve employee engagement and retention, and also allows existing employees to feel like they're making progress in their careers.
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