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Upskilling is the process of enhancing employees’ skills, enabling them to acquire new skills within their current job function that will help them perform to the best of their ability. The constant emergence of new technologies and changing face of the workplace post-pandemic have accelerated the need for upskilling. With technological evolution, new skills take precedence, and job requirements vary. As a result, there is a continuing necessity to look after employees’ training and development needs.

Upskilling can help employees bridge the skills gaps through continuous professional development. After all, learning new skills is crucial to stay abreast of the emerging business trends and practices, thus helping organizations stay competitive in the market.

Upskilling and reskilling are go-to strategies to foster organizational development by understanding the workforce’s strengths, abilities and shortcomings. Hence, businesses should administer employee upskilling programs to keep them in line with the ongoing business trends; also, employees are more likely to showcase their best work in a company that attends to their development needs.

The employee upskilling process involves imparting new skills and increasing employee competency and efficiency. 40% of employees in India will need reskilling in the next five years The more skilled the workforce is, the easier it is for an organization to achieve desired outcomes and stand competitive in the market. Although employee upskilling initiatives provide many benefits to both the employees and the organizations, some crucial points stating their importance have been outlined below.