There is a growing shortage of data science and data engineering skills in businesses world wide. According to the World Economic Forum’s annual meeting in 2020, “As jobs are transformed by the technologies of the Fourth Industrial Revolution, we need to reskill more than 1 billion people worldwide by 2030.” This means that with businesses, especially those in an industry that develops as fast as the data industry, upskilling your workforce is something that is very important.
Benefits of Upskilling your Workforce
We’ve taken time out to highlight some benefits of workforce training based on our experience, findings and research. Here are five benefits you give your company.
You Will Boost Productivity
Employees who benefit from upskilling training produce more work with greater zeal and productivity, which results in better workflow, employee engagement, teamwork, communication, and lower costs.
You Will Be Building Well-organised Teams
Your employees’ skill gaps can be filled by upskilling them. If a worker lacks expertise in their field of work or is unable to complete any task, another colleague who participated in training sessions and is knowledgeable about the subject can make up for that skill shortage.
You Will Be Encouraging Top Talent
When they do not see any opportunities for career advancement, employees do not give their best effort at work. Organisations must offer training and ongoing learning opportunities to upskill their workforce. How can employees improve their abilities, provide genuine dedication, and make a greater effort to stay with the company over the long term? This enables you to keep the best talent away from rivals for better results.
You Will Be Acquiring Advanced Proficiency
For employees to succeed, it is important to stay current on changes and pick up new skills. With new skills and proficiency in working methods, workforce upskilling can give your company a significant competitive advantage.
You Will Be Training for Evolution
For better results, businesses occasionally need to repurpose employees or hire new ones. In these circumstances, upskilling your workforce can help your company by giving employees a diverse range of new skills.
Challenges of Upskilling Employees
Employee upskilling has its own its challenges:
Costly: Developing your staff’s skills can be costly for small businesses. A small business must account for lost productivity while employees are away from their regular duties in addition to the cost of the training itself.Extra Time is Needed: Upskilling and training takes time. Employees need time to practise and learn new skills. This could cause a disruption in your company’s regular operations.Training quality: If you’re spending money on training, you want to make sure that your staff members are receiving as effective and applied training as possible.Employees feelings: It is important to carry employees along to specify why their colleagues are selected for upskilling as they may feel uneasy. We encourage employers to take employees along on this initiative.Workers who aren’t upskilled may feel less valuable than those who get more opportunities for upskilling.
Upskilling your workforce can be a great way to improve the performance of your business. Upskilling is essential for businesses to remain competitive and for employees to be marketable despite these challenges. With appropriate preparation and execution, upskilling can be a profitable experience for both businesses and employees.
As a business who wants to boost your workforces productivity then contact us at bootcamp@edenai.co.za. As someone who wants to increase your skills in data engineering then our Roads bootcamp is something you might be interested in. Our bootcamp is a place for you to further develop, you can find more information about it @ Bootcamp@edenai.co.za.
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