{"id":14836,"date":"2022-01-31T17:02:47","date_gmt":"2022-01-31T22:02:47","guid":{"rendered":"http:\/\/talentbridge.com\/?p=14836"},"modified":"2025-03-04T05:43:47","modified_gmt":"2025-03-04T10:43:47","slug":"upskilling-and-reskilling","status":"publish","type":"post","link":"https:\/\/talentbridge.com\/upskilling-and-reskilling\/","title":{"rendered":"Upskilling &#038; Reskilling: How to Reshape Your Workforce"},"content":{"rendered":"\n<p class=\" eplus-wrapper\">Upskilling or reskilling current employees can help you fill open positions more quickly in a constantly-evolving workplace.<\/p>\n\n\n\n<h2 class=\"eplus-wrapper wp-block-heading\"><strong>What are Upskilling &amp; Reskilling?<\/strong><\/h2>\n\n\n\n<p class=\" eplus-wrapper\">Upskilling and reskilling are two similar but distinct ways to retrain workforces. Both options help employees grow within their careers and help organizations to succeed in the changing business environment.<\/p>\n\n\n\n<ul class=\"eplus-wrapper wp-block-list\"><li><strong>Reskilling<\/strong> involves training employees in new skills to help them make <em>lateral moves<\/em> into new roles within the organization.<\/li><li><strong>Upskilling<\/strong> focuses more on soft skills, such as management or leadership, and allows employees to <em>move up<\/em> in their field within the organization.<\/li><\/ul>\n\n\n\n<p class=\" eplus-wrapper\">Another way to think about it is this: if you have a sous chef and want to train them to become a pastry chef, that is <em>reskilling<\/em>. If you want to train the sous chef to become head chef, that is <em>upskilling<\/em>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large eplus-wrapper\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/talentbridge.com\/wp-content\/uploads\/2022\/01\/Upskilling-and-Reskilling-1024x768.png\" alt=\"Upskilling And Reskilling\" class=\"wp-image-14838 lazyload\"\/><noscript><img decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/talentbridge.com\/wp-content\/uploads\/2022\/01\/Upskilling-and-Reskilling-1024x768.png\" alt=\"Upskilling And Reskilling\" class=\"wp-image-14838 lazyload\" srcset=\"https:\/\/talentbridge.com\/wp-content\/uploads\/2022\/01\/Upskilling-and-Reskilling-1024x768.png 1024w, https:\/\/talentbridge.com\/wp-content\/uploads\/2022\/01\/Upskilling-and-Reskilling-300x225.png 300w, https:\/\/talentbridge.com\/wp-content\/uploads\/2022\/01\/Upskilling-and-Reskilling-768x576.png 768w, https:\/\/talentbridge.com\/wp-content\/uploads\/2022\/01\/Upskilling-and-Reskilling.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/noscript><\/figure>\n\n\n\n<h2 class=\"eplus-wrapper wp-block-heading\"><strong>Building Skills for an Evolving Workforce<\/strong><\/h2>\n\n\n\n<p class=\" eplus-wrapper\">Upskilling and reskilling of workforces have increased in recent years to meet hiring demands, while also helping to retain talent and save money. Either way, employees have more opportunities than ever to develop new skills to meet organizations\u2019 needs as they continue to commit significant time and resources to training. &nbsp;According to the <a href=\"https:\/\/trainingmag.com\/2021-training-industry-report\/\">2021 Training Industry Report<\/a>, companies spent an average of <strong>$1,071 per learner<\/strong> and employees received nearly <strong>64 hours of training<\/strong>.&nbsp;<\/p>\n\n\n\n<p class=\" eplus-wrapper\">Further underscoring the importance of this approach, 58 percent of respondents to a <a href=\"https:\/\/www.mckinsey.com\/business-functions\/people-and-organizational-performance\/our-insights\/building-workforce-skills-at-scale-to-thrive-during-and-after-the-covid-19-crisis\">McKinsey Global Survey on reskilling<\/a> said that closing skill gaps in their companies\u2019 workforces has become a higher priority since the COVID-19 pandemic began. The report also noted that forty-six percent of respondents report an increase in redeploying talent at their organizations as a means for closing skill gaps.<\/p>\n\n\n\n<figure class=\"is-style-default wp-block-image size-full eplus-wrapper\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/talentbridge.com\/wp-content\/uploads\/2022\/01\/Upskilling-Priorities-McKinsey-and-Co.png\" alt=\"Upskilling Priorities Mckinsey And Co\" class=\"wp-image-14839 lazyload\"\/><noscript><img decoding=\"async\" width=\"831\" height=\"568\" src=\"https:\/\/talentbridge.com\/wp-content\/uploads\/2022\/01\/Upskilling-Priorities-McKinsey-and-Co.png\" alt=\"Upskilling Priorities Mckinsey And Co\" class=\"wp-image-14839 lazyload\" srcset=\"https:\/\/talentbridge.com\/wp-content\/uploads\/2022\/01\/Upskilling-Priorities-McKinsey-and-Co.png 831w, https:\/\/talentbridge.com\/wp-content\/uploads\/2022\/01\/Upskilling-Priorities-McKinsey-and-Co-300x205.png 300w, https:\/\/talentbridge.com\/wp-content\/uploads\/2022\/01\/Upskilling-Priorities-McKinsey-and-Co-768x525.png 768w\" sizes=\"(max-width: 831px) 100vw, 831px\" \/><\/noscript><\/figure>\n\n\n\n<h2 class=\"eplus-wrapper wp-block-heading\"><strong>Why You Should Upskill or Reskill Your Workforce<\/strong><\/h2>\n\n\n\n<p class=\" eplus-wrapper\">The challenges and costs associated with hiring in the current employment environment are well-documented. Upskilling and reskilling can yield a number of benefits to help with recruitment and retention, including better employee engagement and loyalty. Indeed, employees value and embrace the importance of learning new skills. <a href=\"https:\/\/www.pwc.com\/gx\/en\/issues\/upskilling\/hopes-and-fears.html\">A global survey of workers<\/a> conducted by PwC shows that 77% are ready to learn new skills or retrain completely.<\/p>\n\n\n\n<p class=\" eplus-wrapper\">Upskilling or reskilling programs can help position organizations as employers of choice. They can also help attract top talent and customers by demonstrating you value your employees and are committed to helping them advance their careers.<\/p>\n\n\n\n<p class=\" eplus-wrapper\">These programs can serve as an effective strategy for avoiding layoffs when people don\u2019t have the right skills. According to a report by the <a href=\"https:\/\/www.adp.com\/spark\/articles\/2019\/07\/calculating-the-true-cost-to-hire-employees.aspx\">Society for Human Resource Management (SHRM)<\/a>, <strong>it costs employers an average of $4,129 and takes an average of 42 days to fill an open position<\/strong>. Choosing to reskill or upskill your workforce allows your organization to make an investment in its employees <em>and<\/em> retain good workers.<\/p>\n\n\n\n<h2 class=\"eplus-wrapper wp-block-heading\"><strong>How to Upskill or Reskill Your Workforce<\/strong><\/h2>\n\n\n\n<p class=\" eplus-wrapper\">Start reskilling or upskilling your team by giving them access to online education platforms, implementing learning management systems (LMS), mentoring, or a number of other means.<\/p>\n\n\n\n<p class=\" eplus-wrapper\">Not sure where to start? The <strong><a href=\"https:\/\/talentbridge.com\/\">TalentBridge<\/a><\/strong> team can help your organization develop comprehensive Upskilling and Reskilling programs to put you on the path to employee growth and retention.<\/p>\n\n\n\n<p class=\" eplus-wrapper\"><strong><em>Meet the Author: <a href=\"https:\/\/www.linkedin.com\/in\/lori-crimmins-3299b232\/\">Lori Crimmins<\/a><\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized eplus-wrapper\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/talentbridge.com\/wp-content\/uploads\/2022\/02\/Lori-Crimmins-2-1024x1024.png\" alt=\"Lori Crimmins 2\" class=\"wp-image-14848 lazyload\" width=\"256\" height=\"256\"\/><noscript><img decoding=\"async\" src=\"https:\/\/talentbridge.com\/wp-content\/uploads\/2022\/02\/Lori-Crimmins-2-1024x1024.png\" alt=\"Lori Crimmins 2\" class=\"wp-image-14848 lazyload\" width=\"256\" height=\"256\" srcset=\"https:\/\/talentbridge.com\/wp-content\/uploads\/2022\/02\/Lori-Crimmins-2-1024x1024.png 1024w, https:\/\/talentbridge.com\/wp-content\/uploads\/2022\/02\/Lori-Crimmins-2-300x300.png 300w, https:\/\/talentbridge.com\/wp-content\/uploads\/2022\/02\/Lori-Crimmins-2-150x150.png 150w, https:\/\/talentbridge.com\/wp-content\/uploads\/2022\/02\/Lori-Crimmins-2-768x768.png 768w, https:\/\/talentbridge.com\/wp-content\/uploads\/2022\/02\/Lori-Crimmins-2.png 1200w\" sizes=\"(max-width: 256px) 100vw, 256px\" \/><\/noscript><\/figure>\n\n\n\n<p class=\" eplus-wrapper\">Chief Human Resources Officer<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Upskilling or reskilling current employees can help you fill open positions more quickly in a constantly-evolving workplace.<\/p>\n","protected":false},"author":5,"featured_media":14838,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[740,706],"tags":[],"class_list":["post-14836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-employer-advice","category-industry-insights"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Upskill &amp; 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