Employees without a shadow of a doubt are any enterprises’ driving force. ‘Livewire’ as they are referred to in IT, the workforce pulls their company forward & at testing times pushes it beyond. But, what drives these bearers of exuberant potency? Keeping aside general employee expectations suchlike positive work culture, work-life balance, recognition, respect, trust & transparency; a personnel’s personal & professional aspiration can be considered their chief propellers. Obviously, as just patrons, enterprises can’t do much about the personal front. Yet, on the professional front, organizations can definitely give wings to its artisans’ dreams! Beginning on a positive note, let’s see how as employers enterprises can aid in expanding its employees’ horizons.
Recognizing & addressing skill gaps
The upheaval brought by Industry 4.0 has been unprecedented. Sky-scraping exponentially, it has heralded the transformation of entire systems of production, management, and governance. As a common industrial trend, Automation has acquired the dominant status. Machines have traded jobs with us, humans. Much of the manual labour thus has been lost, necessitating ex-staffs to take on different job roles. Reskilling – skilling workers & enabling them to take on newer designations in an enterprise is the optimal track to traverse in this regard.
Skill gaps have invariably been the biggest detriment to attaining business goals. Suitably, identifying skills gaps & inventing interventions addressing those has become the pressing priority in industries these days. Skill gaps – performance inefficacies arising due to lack of relevant skills for the workplace in fact will dwindle the Indian GDP by $1.97 trillion in FY 2030, says an ET study.
Data gathering via quantified indices like KPI and assessments, plus qualitative estimates like a 360-degree review, employee observations besides performance benchmarking could be immensely beneficial in the identification process. Once the root cause is analysed, plans for comprehensive demand-driven training methods could be laid out. In this digital age characterised by rapid digital transformations, incorporating stalwart technologies plus avant-garde approaches to learning has become imperative to developing robust Reskilling programs. Industry courses, qualifications & certifications form a straightforward way to both gain and demonstrate knowledge and skills. Other methods alike on-the-job training, eLearning, and mentoring or coaching appear quite popular too.
Wondering how such a modernistic Reskilling approach would do the trick? Well, besides bringing people in rendezvous with technology, it fosters personality development, boosts critical thinking & problem solving skills, promotes teamwork & collaboration, whilst also imbibing leadership traits in trainees. If this is not enough, the fact that Reskilling aids employees’ in Career Pathing & empowers them with efficient time management skills should count one in. Not impressed yet? Straightforward, only knowing that Reskilling could be the answer to industries’ worst nightmares – employee disengagement, depreciating productivity, and attrition should persuade even the disinterested employers into investing in it.
A Motivation & Engagement Booster
The talent of today looks for enterprises that are committed to secure their tomorrow. Career-pathing which is at the core of the Reskilling concept proves to be a magnet when it comes to attracting tremendous talent to an organization. Acting as a catalyst, it increases motivation and retention levels among employees. Also, catering to the much sought-after convenience of internal movement (both laterally and vertically), Career-pathing clearly demonstrates the extent to which an organization values its people.
Consider the following scenario: An organisation all of a sudden enters a new market. This in turn leads to a shift in the institutions’ strategic focus. Now, employers seek skilled staffs from their workforce who could take on the newer job roles thus created. Also, they look for measures to close skill-gaps in order to quickly react to the situation. Hence, the question in front of employees is – are they ready to venture into these novel domains?
Talent mobility which is the process of moving talent from role to role is an efficient scheme that can aid professionals cut through this dilemma. This process of moving the right people with the right skills in the right place & at the right time is of cardinal significance. On one hand, it showcases an organisation’s ability to quickly respond to strategic business needs. On the other hand, it highlights the companies’ determination to future-proofing employees through a laser focus on creating a skilled, educated, and adaptable workforce.
In today’s volatile, fast-paced global economy, organisations need agile, flexible workforces. Employees need to be ever-ready to take on diverse challenges as an opportunity presents itself. Keeping oneself up to the minute is an essential nowadays. Accordingly, enterprises should increasingly invest in Reskilling endeavours – this is the market demand of now.