Need for a future-ready workforce
For years, the nature of work has been in constant change due to the new political, social, environmental, and economic challenges and continuous technological developments. When the worldwide pandemic struck, it accelerated the pace of change even more and amplified concerns about the future of the workforce. Consequently, organizations worldwide are grasping now that a large part of their workforce is unprepared to deal with these changes. Eventually, they will need to supplement their competencies and skills to position the organization towards long-term progress. Unfortunately, most believe that their workforce isn’t future-ready as of now, and their learning environment is currently not set to resolve this concern.
Due to the pandemic, a sizable chunk of the workforce is now working remotely. Many employees fear the future as they adjust to the new normal. As a result, there is a greater demand for technology and higher cognitive abilities.
The increased demand for technology skills will hasten the need to develop a flexible infrastructure that will provide workers with access to tools to keep them productive from anywhere across the globe. In addition, organizations must provide their employees with tools to reinvent themselves to adapt to new problems with changing times. For this, it is imperative to prepare them to continually renew their skills, capacities and succeed in a dynamic, fast-paced world. Based on research by MIT CISR, organizations with a future-ready workforce outperform their competitors, achieving 19% greater revenue growth and a 15% higher net margin than the industry average. These businesses connect their efforts to digitize work and enhance their enterprise’s prowess in ways that enable their workforce to produce value.
What is people development & how can it help create a skillful workforce?
An organization must prioritize its human capital to hone each individual’s uniqueness and build the right points to lead to its growth. Training and development of employees is the simplest, quickest, and most practical way for businesses to carry out activities, improve internal growth and corporate expansion. People development assists the workforce in discovering their dexterity. As a result, training and development are critical to an organization’s productivity.
By providing professional training from the outset, you raise awareness about the importance of people’s development. It demonstrates your dedication to and interest in the development of your workforce. When a company goes above the basics, it is willing to invest in its people for the long term.
Here’s a quick look at how people development will help the workforce!
Workforce with people development
- Goes above and beyond
- Demonstrates a desire to learn
- Gives credit but acknowledges culpability
Workforce without people development
- High absenteeism
- Negative attitude
- Emphasis is on the monetary value
- Accepts credit but blames others
People Development platform in a nutshell
A people development platform is a system using which organizations develop and improve the quality of the new and existing workforce. This system enables the employees and the organization to teach, polish, and update current knowledge and skills and is primarily a strategic tool for long-term success, productivity, and retention of valuable employees inside the structure. An effective people development platform enables employees and teams to understand their roles and perform successfully and productively.
A successful people development platform assist the workforce in:
- Improving or developing new abilities;
- Building or renewing identity or self-esteem;
- Achieving self-awareness and self-knowledge;
- Developing strengths;
- Improving lifestyle or quality of life;
- Creating and carrying out personal development strategies;
- Improving social abilities.
Skill Lake – The perfect people development platform you are looking for!
With the continuous advancements in learning technologies, it is no longer sufficient to roll out courses and expect learners to consume them. There is a need for enhanced learning to meet the workforce’s needs and capture the interest of future generations. Learners expect a system that will help them learn pro-actively with self-choice and direction to make the entire process more engaging and fulfilling.
Skill Lake allows organizations to create an employee-centric learning culture beyond functional skills. It enables a culture of holistic learning anywhere, anytime. This training platform helps increase awareness about culture, policies, and practices while facilitating microlearning through bite-sized content in multiple forms. Microlearning allows for better knowledge retention when compared to traditional LMSs.
Skill Lake efficiently incorporates interactive learning (live webinars), instant feedback (guided tests), self-paced learning, gamification, and more. Overall, this dynamic product consistently evolves to the sensitivities of the current and upcoming generations. All these features make Skill Lake the apt people development for your organization.
The system promotes participatory learning across hierarchies, and learning as a whole is not confined to functional skills alone. It emphasizes life/soft skills to enhance an employee’s career prospects. The platform fundamentally provides all users with a personalized learning plan and rapid feedback and corrective measures allowing the learner to dive deep into the material. Overall, Skill Lake helps make learning engaging and practical.
To explore more about Skill Lake and its exclusive features, reach out to our team today!