3 Ways Reskilling Will Change Your Organization

3 Ways Reskilling Will Change Your Organization
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    Do you ever feel like you are asked to fulfill certain roles in your position that you have no training for? If so, you aren’t alone. Since the beginning of the pandemic, organizations have had to make rapid changes to their technology systems and learning infrastructure, and many of these changes are here to stay. This shift can leave learners feeling lost if they don’t get the support they need. 

    But what does that support look like, and how will it help organizations thrive? The answer lies in reskilling.This post will help you understand what reskilling is, what it means for learners, and how it can help organizations thrive in the digital age. 

    What Reskilling Is And Why It Matters

    What Is Reskilling? The way reskilling looks varies greatly, but in general, reskilling is when organizations help their employees acquire new skills that they might need for a different role within their organization. It’s important to note that this is different from upskilling, which is when organizations help learners build upon the skills they already have to prepare them for changes in their current position (you can read WeLearn’s latest post on upskilling to find out more). 

    • An example of reskilling would be when a learning organization helps employees navigate recent online positions by giving them tech training and tutorials in new software. 

    But how does reskilling change organizations for the better? Read on to discover the top reasons reskilling matters, and how you can start implementing a successful reskilling program in your organization today. 

    3 Ways Reskilling Helps Organization’s Thrive 

    Reskilling Saves Money: While there is more to life than saving some extra cash, having money in your organization gives you the breathing room to focus on the things that matter most, like employee satisfaction and healthy workplace culture. Reskilling current employees can reduce the cost of filling new positions, and help employees feel more involved in their work. 

    • A recent study by Gallup suggested that the cost of replacing an employee can range anywhere from one-half to two times the amount of the employee’s yearly salary.
    • Avoid the costs of onboarding a new person and helping them adjust to the organization by reskilling your internal talent. 

    Reskilling Saves Time: In a competitive market, companies want to stand out to attract top talent. But what if they are missing out on what is already in front of them? A recent study by Mercer found that 2 out of 5 HR leaders said that they weren’t fully aware of skills in their current workforce. 

    • Even with a well-planned hiring process, it’s always possible that a new hire won’t adapt well to the workplace culture, or isn’t interested in the organization for the long term. 
    • Recruiting, interviewing, vetting, and hiring new employees is expensive and time-consuming, but reskilling helps you make the most of what you already have and show employees that you are just as loyal to them as they are to you. 

    It’s important to remember that reskilling isn’t just a way to cut costs and save time when your organization needs new skills fast. In the long haul, reskilling can help you keep the talent you already have, attract motivated candidates and encourage a flourishing workplace culture of learning agility and continuous curiosity.  

    Reskilling Boosts Morale: Everybody wants to feel like their work is valued and they have the opportunity to move up in their position. 

    • Offer employees reskilling training to give them a brighter outlook for their future with the organization. 

    Reskilling existing talent will help build upon the community you already have, and show your employees that you are dedicated to their success. 

    How To Get Started With Reskilling

    Encourage job shadowing: Reskilling can help your organization thrive, but how do you get started? While we might think of shadowing as something that helps interns or new employees, it can also be a great way to utilize the knowledge of your current talent, helps employees learn new skills, and encourage inter-departmental bonding. 

    An employee from one department can shadow a different team or department to help them do their work. Afterward, that employee can share their findings with their current team, and help not only themselves but those around them.  

    Look For Great Training: Finding a great training program is key to reskilling your talent. Great course content should be personalized to the learner’s needs, engaging, and accessible to the modern worker. 

    •  A recent study found that 64% of U.S. executives think they’ll need to reskill more than a quarter of their workforce between now and 2023 to keep up with advancements in automation and tech. 

    At WeLearn we help organizations invest in their talent and put an emphasis on digital solutions and building your tech toolkit. 

    Reskilling Starts Today

    At WeLearn we realize that reskilling is a workplace philosophy and ongoing process rather than a short-term project. By looking to internal talent, you’ll be able to reskill more seamlessly, improve employee loyalty, and save time and money along the way. 

    What are some of the skills you would like to learn for a new position in your organization? Do you believe that your current workplace gives you the support you need to learn new skills? Share your thoughts and experiences with us here at WeLearn, where together we learn.

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