Upskilling and Reskilling for the Future of Work
The future of work is undergoing a rapid transformation. Despite the recognition of the need for upskilling and reskilling, leaders express concerns about a skills shortage, with 71 percent highlighting it as their major hurdle. Additionally, a World Economic Forum report suggests that half of the global workforce needs to upskill or reskill by 2025. Human skills—particularly those related to innovation, resilience, and emotional intelligence—are becoming increasingly crucial.
From the L&D perspective, investing in upskilling and reskilling can require substantial resources, including money, time, and a shift in labor. Employees leaving after acquiring new skills is a significant concern. However, the cost of not investing in these efforts is greater, both in terms of competitiveness and employee retention. Prioritizing upskilling and reskilling helps organizations maintain industry competitiveness, retain talented employees, and ensure overall success in the evolving work environment.
Creating a culture of professional development and learning is vital—and doesn’t have to be difficult to implement. Dive into our infographic to learn more about the key skills needed for the future and the obstacles facing organizations as they build the personalized, contextualized learning experiences needed to drive changes in performance.
For more information on the state of upskilling and reskilling and six actionable strategies, download the eBook, Upskilling and Reskilling: Delivering Personalized Learning at Scale, produced in partnership with Brandon Hall Group.