What are the Benefits of Upskilling Your Employees?

Posted by Kruti Shah on November 19th, 2020

We live in times of rapid change where changes are so instant that anything that happens to be a trend for the day becomes obsolete in no time. Upskilling and reskilling ourselves is no longer a choice. It’s a compulsion. Hard skills acquired through colleges and Universities would help you get in a competitive job market. But the rapid changes would make those skills replaceable by automation or even advanced skills in a time of not more than 3-4 years. Hence, even your education where you spent lakhs of rupees would become outdated in a few years.

Now, we all can agree that unskilled employees are costlier to organizations. And a large chunk of employees, in reality, have no clear idea of tasks to be performed. They either don’t have the skills to perform the tasks or they don’t tools to access. This affects their productivity which in turn affects organizations' productivity at large. Hence, leading to unaccounted and accounted for losses.

It’s more important than ever to incorporate training and development programs for employees to upscale them. Now, upskilling employees would cost you less than hiring someone new. So, consider the costs behind training and development as an investment for your organization’s growth.

Here are a few most important reasons and benefits of upskilling your employee. 

1. Increases productivity by multifold

An unproductive employee is more harmful to an organization’s health than an absent employee. Unproductivity leads to billion-dollar loss every year, in the USA itself. You can comprehend the impact of unproductivity in any organization.

Now, have you ever wondered what the root cause of such unproductivity is? Well, let us tell you in most cases employees are working on practical projects in the real-world with hard skills that were acquired years back. Hence, they either take more than the required time to perform a task or complete the task with a series of loopholes within it. Now, when such a task generates no results they feel frustrated and their morale decreases. Their productivity remains at stake and this affects the organization's overall health.

When you upscale your employees, they become more equipped to deal with complex projects and tasks. When an employee feels confident about their work, they become more diligent. They would put in the efforts required and their productivity would improve in abundance.

2. Improves employee retention

Job hopping has become a common scenario. The employee keeps on changing their jobs and while this may seem attractive for their experience charts, this isn’t great for companies.

 Did you know that nearly 60% of employees leave the job within one year?

Well, if this remains the scenario companies would need to spend fortunes behind rehiring new employees. What we suggest is working on your core structure to improve the retention rate?

What are the plausible reasons you can imagine for employee turnover?

• Limited exposure.
• Monotony at work.
• No prospects.
• Stagnant growth.

Most employees feel drained at work when they perform the same tasks, day after day for months and years. This is why they are always on the lookout for new opportunities. It is easier to retain such employees by offering them training to upscale themselves. When employees acquire new skills, you can delegate them more diverse kinds of work. As the variety of work increases, employees become more engaged and monotony reduces. They don’t see the need of changing jobs when they can see themselves growing within your organization. Hence, the proportion of employees leaving their jobs can be bought down.

3. Favorable employer’s brand image

Have you heard of the saying that says, your employees are your best advocates? Well, no one could be your better representative than your employee. They can help you crack an impossible deal and retain exceptional clients. Employees are, all in all, the backbone of your organization.

Now, when you spend resources for upskilling them, you put in a considerate thought of employee development and betterment. Employees feel more valued and hence they will go to lengths to make things work for you. In the events of upscaling them you gain their trust and loyalty. By doing so, you create for yourself a favorable employer brand image not only for existing employees but to attract a new greater talent pool.

Well, we agree that today’s job market is driven by candidates. But all that a candidate needs is the privilege of working in companies that have some great brand value. By incorporating the policies of training and development in your company’s core culture you send out a message of valuing your employees. You won’t have to spend large marketing budgets to attract a new talent force. Your core policies would do this work.

4. Helps you create a satisfactory customer experience

Your employees are your first customers. If they are loyal to you; you can expect this loyalty in your real customers. When you upscale your employees, you equip them with knowledge, training, and tools to deal with customers proficiently. Hence, they would be fully prepared to deal with your customers optimally. They would go to extreme lengths to ensure that your customer gets a satisfactory experience.

Employees are the link to all things that surround your business. Hence, making them proficient at their work would lead to growth in all dimensions.

What are the few other benefits you could think of upskilling your employees? Surely, the list is large.

To end with, are you looking for job opportunities in India? At Job Museum we have the expertise of offering optimum job placements to our clients. That is to say, we make use of high-end HR tech to ensure that our candidates find the jobs most suitable for themselves. We are based in Surat but our services are offered throughout India. That is to say, you can avail of our job placement consultancy in Bangalore, Kolkata, placement consultants in Noida, or any other city in India. We have clients from all over India and may have perfect vacancies to suit your need. Connect with us and we shall help you find the job placement opportunity for yourself.