Upskilling is essential to the survival of the business. During tough times like the pandemic, employers are more prone to believing that updating the capabilities of your employees is too costly or takes too much time. Yet, many 2020 economical issues made it more important than ever. Companies were forced to lay off people, or assign additional roles to their current workforce to make up for the lack of newly hired talent.
Upskilling can not only address these issues, but also benefit employers.
- It can address the skills gap in your workforce
- It allows employers to hire new talent for their potential to learn, even if they do not have capabilities needed for the job opening.(e.g. 2021 college graduates who lacked internship opportunities due to the health crisis)
- It gives employees chances to grow professionally, which makes them motivated to stay with the company longer.
Right now, companies are coming up with different long-term solutions to improve the skills of their employees. While you can dedicate an in-house team to develop an upskilling program for your own organization, training your employees can also be outsourced. Outsourcing demands less time and budget while allowing more flexibility in terms of options.
Linkedin for example developed an initiative called “LinkedIn Learning” where the company offers 16,000+ expert-led courses online. People who pay per month, have access to instructional videos and performance assessments. They can also earn a certificate after completing a course. Linkedin Learning lets companies buy access to an unlimited library of training courses, making it a good outsourcing option