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Technology Upskilling To Build Workforce Of The Future
Organizations that embrace technology and prioritize upskilling not only secure a competitive edge but also empower their workforce to navigate through change with resilience writes Anita Vijaykrishnan, VP R&D and India Leader, Honeywell Technology Solutions
Arriving at the cusp of digital transformation, we have borne witness to disruptive and irreversible changes in our everyday lives. The rapid evolution of technologies such as Artificial Intelligence and Machine Learning has profoundly altered the conventional job landscape across the globe. The rise of automation has resulted in an increased demand for digitally proficient workers who can effectively harness the opportunities brought about by technological advancements. Although the ongoing debate on job displacement due to adoption of AI persists, we cannot dismiss the fact that AI has created plethora of job prospects that necessitate the expertise of qualified professionals. To navigate through this changing landscape, it has become quintessential for the individuals as well as the organizations to adapt and enhance their skills, ensuring a seamless transition.
Deep dive into technological upskilling
Corresponding to the rapidly advancing digital era, the acquisition and enhancements of competencies in the related fields have become inevitable to stay relevant and competitive. It requires a commitment to rigorous learning and staying up to date with the developments in one’s field to avoid obsolescence. Alongside refining existing skillset, it is crucial to acquire new skills and master them over time. The development of these skill sets is central to problem solving in the face of complexities within individual domain.
A workforce equipped with strong technology skills is capable of innovation and delivering best-in- class solutions, thereby contributing to personal as well as the organizational growth. Upskilling is often associated with career advancement as the individuals who invest their time and effort in learning are more likely to be considered for promotions and new opportunities. Furthermore, organizations prioritize the curation of tailored learning programs for their employees as this greatly impacts the competitive advantage that they have over other players in the market. Moreover, domain expertise can facilitate cross-functional integration, enabling individuals to collaborate on projects that require technical proficiency across various domains and deliver high-quality results.
Bridging the gap
According to Scaler's Hiring Survey for the year 2023, a significant number of individuals, approximately 38.3%, perceive the scarcity of skills as a formidable challenge in the technology sector. On the other hand, 61.1% of companies are investing in upskilling programs for their employees, showcasing a preference for internal development over hiring fresh talent.
In addition, the Upskilling Trends Report for 2023, conducted by Great Learning, reveals that 83% of professionals plan to undergo upskilling, compared to 79% in 2022. The report also highlights that 43% of professionals experienced career growth within their own organizations as a result of upskilling. Hence, while the year 2023 is associated with significant layoffs, upskilling initiatives may contribute to a notable reduction in attrition rates.
It is imperative to comprehend the importance of organizations conducting internal assessments and skill analyses of their employees. This process enables them to identify skill gaps and strategically offer specialized training programs based on the analysis. Organizations can design self-assessment tools, personality tests, and cognitive skill tests to suit the specific needs of their employees, thus facilitating effective learning with the essential changes in the digital era.
Designing Customized Learning Programs
Tailored learning programs for employee upskilling can greatly enhance the effectiveness and versatility of any organization. By understanding and aligning with individual and organizational objectives, organizations can ensure that their employees remain competitive in the fast-paced environment. It is crucial for organizations to establish clear objectives and align their learning programs with these overarching goals. Furthermore, conducting skill gap analyses can help identify areas for improvement, which can be addressed through customized courses, a combination of online modules, webinars, and mentoring programs. Recognizing that individuals learn at their own pace, offering personalized learning paths can accommodate individual needs and facilitate self-paced learning, assessments, and feedback.
Organizational initiatives to upskill the employees
It is the responsibility of organizations to foster a culture of continuous learning and encourage employees to take ownership of their upskilling journey. In-house initiatives such as peer learning, creating discussion groups, or inviting subject matter experts to present case studies for practical understanding have proven to be beneficial for upskilling efforts. These initiatives also enable organizations to track improvements in skills, job performance, and overall business outcomes. The impact of such programs can be evaluated by comparing the costs associated with upskilling initiatives to the tangible benefits they bring to the organization.
Role of Leadership
The key to driving successful upskilling initiatives lies in effective leadership, which plays a pivotal role in cultivating a positive culture that fosters a conducive learning environment. A leader's visionary approach to strategically investing in employees is instrumental in bringing about the much-needed transformation towards digitalization. It is their responsibility to allocate the necessary resources and provide the appropriate guidance to develop a skilled and adaptable workforce. This will not only inspire and motivate employees but also create opportunities for career advancement within the organization.
Future-proofing the workforce
Securing the workforce for the future can pose a significant challenge, considering the rapid pace at which technology is advancing, thus necessitating a comprehensive approach. As individuals, we must be agile and adaptable to stay relevant in a constantly changing landscape. While individuals should actively keep abreast of industry trends and be flexible in their work, organizations must invest in their employees to thrive in an ever-evolving technological environment.
Technology has revolutionized the business landscape, redefining job roles and transforming industries. To build a future-ready workforce, it is imperative to ensure that employees are equipped with diverse skill sets and possess an innovative mindset. Organizations that embrace technology and prioritize upskilling not only secure a competitive edge but also empower their workforce to navigate through change with resilience. It is paramount to identify both core and futuristic skills required by the organization. Addressing upskilling in a targeted manner ensures a mutually beneficial outcome for both employees and the organization. Aligning upskilling initiatives with the organization's needs enables the acquisition of the right capabilities and skills, thereby fortifying the workforce against future uncertainties.
Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house