Employee Reskilling Program: Best Practices For Competitive Advantage
You have reached this page probably because you searched for ‘Ways to reskill your employees’ or ‘An LMS that is best for employee reskilling’.
Whatever your search words were, we are quite sure that you are part of an amazing organization invested in people’s development, and gladly let us assure you that you have reached the right spot!
Is employee training nerve-racking in your company?
Well, different forecasts suggest that the majority of employees need major training, upskilling, and reskilling. These training sessions are not just about technical abilities and emerging technologies but are also about soft skills like communication, attention to detail, listening, and much more.
Working conditions and business competitiveness are testing companies now more than ever, and this has spurred the need for training programs for employees.
But what is the right tool for it?
Well, for one, a robust L&D platform can be a one-stop solution for all your employee reskilling-related challenges, especially in a changing work culture landscape.
Let us see how.
Employee Reskilling in Today’s Work Culture and Rapidly Changing Talent Market
The way companies work has undergone a paradigm shift ever since the emergence of the hybrid or remote working model. We have new ways to collaborate, lead, delegate, connect, and even conduct employee recognition programs.
In 2021, organizations around the world invested an average amount of more than the US $2800 per person for reskilling.
Another interesting statistic shows that despite 91% of employees learning a new skill, 98% of companies report notable skill gaps.
These figures point to employee reskilling being a ‘must-have’ in today’s talent market, given the changing work culture.
What is Employee Reskilling, and How Does It Differ from Employee Upskilling?
Reskill and upskill have been the buzzwords in the talent market for quite a long time. Gartner’s HR Priority Reports says that building critical skills and competencies was the topmost priority for 2022.
Are reskilling and upskilling different concepts? Verily so!
While reskilling applies to an employee acquiring new skills that can be applied to a different position, upskilling is when an employee learns a new skill related to their current position.
Whether an employee opts for reskilling or upskilling, wouldn’t it be great to access it all from one source? A perfect L&D platform offers this, alongside other finesses like employee reward programs and much more!
How Can L&D Digital Platforms Strategize Employee Reskilling?
The need for reskilling continues to grow as it creates more room for employability, employee capability, transitioning people into new roles, and responsiveness to the latest industry needs. You need a digital L&D platform to lead these changes and create an edge in a highly competitive market.
How can companies augment their employee reskilling efforts amidst changing business conditions? Here is how.
1. Provide Individual Training Plan
Reskilling is employee specific. It is important to consider the learner’s background and identify the skill gap. You need to weigh people analytics, learning analytics, skills, career goals, and interests. A good personalized reskilling plan will be specific to the person and their context. An intuitive L&D platform will balance perfectly between individual needs and business goals. Leverage the features of an L&D platform that support customized and adaptive learning and that has a good understanding of the learner’s previous learning pathways of skills and experiences.
2. Enable Just-in-time Learning
In-person communication has changed to virtual spaces in recent times. Employees are expected to perform responsibilities on their own. They also need to adapt to these new developments and new technologies without asking for much mentoring. Just-in-time learning is one of the best ways to support individuals and teams for reskilling. Just-in-time learning focuses on the learners’ needs and provides learning materials accordingly. If a proper L&D platform is in place, then guiding people through new processes or coaching employees on a particularly challenging set of tasks becomes a cakewalk.
3. Ensure Knowledge Sharing
The onset of hybrid work culture might have made you realize how handier a digital medium like an L&D platform can be than in-person knowledge sharing with peers. A digital L&D platform can ensure job-relevant knowledge sharing at different organizational levels. This collaborative knowledge base will thus spontaneously create a community to share knowledge and best practices. Companies can work their way up using such brilliant L&D digital tools by creating and expanding easily accessible content, thus fostering a culture of knowledge sharing among employees.
4. Gain Insights through Employee Collaboration
A digital L&D unit can boost employee reskilling in your organization by supporting the framing of a learning plan and uploading tailored content. An L&D platform acts as a collaborative digital medium that will bridge skill gaps. It can provide insights on changing business processes and the latest employee trends that come with added benefits like employee rewards and recognition programs enabled through gamified learning.
How Can an L&D Platform Like Skill Lake Help?
Skill Lake is a perfect choice for your organization’s L&D needs in terms of helping your employees fulfill their current responsibilities in the best possible way and molding them for hard-to-fill roles in the future.
Wondering how? It supports: (pictorial)
- Framing individual career paths
- Incorporating reskilling in review processes
- Tracking individual lessons progressions
- Fine-tuning skills through multitudes of learning techniques
- Recognizing employee achievements
Employees picking up new skills on the job is something that companies look forward to. That is not our say, but that is what 94% of global business leaders believe.
Reskilling and skill transformations can catalyze business outcomes like the realization of company strategy, building employer reputation, employee performance, and job satisfaction.
The world of work may continue to evolve. But you need to keep pace with an intelligent L&D platform like Skill Lake.
Ready for Skill Lake to prepare a future-ready workforce? We bet you are!
Contact us or connect with our team for a quick demo to experience Skill Lake, the modern learning development platform.
Build a culture of continuous learning with Skill Lake’s state-of-the-art people development platform. Give your employees professional training to help them excel in their job roles and propel your business to greater efficiency and success.Start Today
Sachin works as a part of the digital marketing team at Skill Lake. He believes in a healthy and resourceful web and does his own little contributions for the purpose by creating and disseminating innovative and quality content