Study, 44% of Canadian employees learned at least one newskill during the pandemic. In this context, implementing upskilling andreskilling strategies would likely help employers retain staff and overcome theshortage of skilled labor. management platform to create and deliver educational content to theiremployees. Now let's look at how upskilling and reskilling can help address theshortage of skilled labor. What are upskilling and reskilling? The Officequébécois de la langue française defines skills improvement and requalificationas follows: skills improvement : the process of learning or teaching newskills; reskilling : the process of learning or teaching new skills to be ableto do a different job. While both
upskilling and reskilling are associated with acquiring newskills, the context Phone Number List differs somewhat for each. Let's see this in detail. Whatis upskilling? This skills development can be seen as a strategy of trainingemployees in new and higher skills in order to compensate for the lack ofqualified labor. This allows team members to engage in continuing education andhelps them become experts in their chosen field. According to the Global FutureWorkforce Report 2022, 31% of employees say the main reason they quit (PDF) isa lack of upskilling and reskilling opportunities . The report further statesthat only 4 in 10 non-executives say they are satisfied with their company'sinvestments in skills acquisition. What is requalification? Reskilling is thetraining of
employees in entirely new skills to prepare them for adifferent position within the company. This concerns, for example, employeeswhose functions have become unnecessary due to technological advances. Throughreskilling strategies, companies are able to retain reliable workers and reduceemployee turnover by investing in the career development of their employees.Benefits of upskilling and reskilling employees Why should you develop andimprove the skills of your employees? Ideally, skills
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