What is reskilling and upskilling? Why is it so important for today's workforce?

But what exactly is reskilling and upskilling? And what are the differences between the two?

Reskilling and upskilling are two essential concepts in the modern workplace. Many employees today need to learn new skills to stay competitive in their field.

Keeping your employees relevant and engaged

Reskilling and upskilling are essential processes for keeping employees relevant and engaged in the workplace. While upskilling focuses on adding to an existing skill-set, reskilling refers to learning new skills needed for a different job. Both processes can be facilitated through learning using tools like a learning management system (LMS) or course.

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Why is retraining essential for today's workforce?

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Is the company prepared to face new challenges? Technology and economic requirements of all sectors are evolving at unprecedented speeds. And disruptive events, such as COVID19's pandemic, only accelerated the pandemic.  In the new globalized world, companies and people who do nothing can slowly and steadily be left behind when met with new challenges.

The global workforce has been predicted to require training to meet the demands posed by job losses by 2030. It happens faster than most think. Gartner says 33% of the skills needed for a 2017 job post aren't required by 2021. Existing employees are an ideal resource for organizations who are preparing for a new assignment. They know the corporate culture and are ready to take on new challenges.

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Taking the first steps towards a learning culture

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There are many e-learning tools that can help companies reskill and upskill their employees. An LMS or course creator can be a valuable asset in providing the necessary training for employees. It is important to find a tool that fits the company's needs and is easy to use.  With the right e-learning tool, retraining employees can make this journey a breeze.