At the heart of employers’ efforts to reinvent the workplace is the refocusing of organizations’ attention toward talent’s skillsets. Employees are also upskilling to gain access to opportunities with more flexibility, better compensation, and better benefits. Between new online learning platforms and a now-digitized workplace, different types of ‘skilling’ have become more relevant and accessible.
Employers are increasingly sourcing talent from a global pool, leading them to consider candidates’ skills just as much as their degrees. Specialization, digital knowledge, and soft and hard skills are key areas of focus for employers looking to optimize a hybrid or remote workforce. So, what details do you need to know to capitalize on the reskilling revolution?
The Rebirth of Upskilling
With more and more companies beginning to employ global talent, the importance of degrees and country-specific qualifications has taken a noticeable decline. Now, companies are analyzing the skillsets of their workforce and potential candidates more closely.
The World Economic Forum found that around 50 percent of workers will need to reskill – through online platforms or company resources – to maintain their occupational viability by 2025.[i] Currently, the most sought-after skills in potential candidates are project management, teamwork, budgeting, and collaboration.[ii] Soft and hard skills are evolving as organizations restructure, and both talent and employers will need to make use of skilling resources to maintain their relevance moving forward.
Digital and Specialized Skills
Digital skills and knowledge are becoming more important and prominent.[iii] This is due in part to the growing digitization of the workplace, with the increased use of remote workforces and flexible work models. More than 84 percent of employers are implementing hybrid work models going into the end of 2021 and the start of 2022.[iv] To adequately utilize hybrid models and workforces, organizations will need to upskill their employees using resources like online learning platforms. This will help workforces navigate the new digital elements of modern workplaces.
Specialized skills have also come to the forefront of employers’ and hiring managers’ attention. Some industries are seeing newfound importance in specialized skills, such as the manufacturing industry.[v] Much like with the digitization of the workplace for other industries, emerging technology in the manufacturing industry is leading employers to look for candidates with digital and technology-related skills.[vi]
The Path Toward Reskilling
While reskilling serves as an effective way to maintain a company’s high-level performance, it also helps employers refine recruiting processes and reduces numerous onboarding and hiring costs. The necessity of learning and development teams has become extremely apparent, especially for organizations looking to continuously adapt to the work landscape.
Reskilling is an effective way to increase an organization’s mobility, and the World Economic Forum found that increasing a company’s mobility by 10 percent can facilitate a 5 percent increase in economic growth over the next ten years.[vii] Talent agility is an important part of a company’s mobility, and both reskilling and upskilling help ensure your workforce continuously remains agile.
If you’re a candidate looking to upskill or reskill for your next career steps, or a company looking for highly-skilled talent, All’s Well has the resources and experience to help you meet your goals. Learn more about how partnering with All’s Well can help at https://www.allswell.com/.