According to a Gallup poll about Amazon Upskilling, the cost of replacing individual employees can range from one-half to two times the employee’s annual salary—and that’s a conservative estimate(2).
Learning how to upskill your team can be overwhelming, but when you partner with Flatiron School, you empower your team with the tools needed to outpace your competitors.
Below, are a few tips to get you started in learning how to upskill your organization.
Why should you upskill your team?
Implementing an upskilling program in your company to transform the worker-employer relationship and ensure employees’ skillsets won’t become obsolete is becoming an important part of how we retain good tech talent.
It also shows co-workers you care about their careers and their futures. It further boosts employee morale, loyalty, and increases efficiency in the workplace.
Employees who have training and development opportunities are happier in their roles and have a brighter outlook on their future with the company.
Upskilling Your Team – Helps to Grow the Company
Employees remain in their jobs longer when their companies are invested in helping them learn new skills.
JustWorks, a company that is invested in upskilling their employees focuses on a program that gives high-performing employees outside of engineering a clear way forward to keep learning and growing in their everyday work life.
This upskilling tactic gives existing engineers an opportunity to take on a new role and learn a new skill by becoming a mentor and building an internal community of support.
In addition, Amazon recently announced a major retraining investment of more than $700 million that aims to reskill a third of its U.S. workforce over the next six years, in response to increasing workplace automation(2).
Retraining your team for better retention rates
An upskilling program by Sitel (3) can also serve as a beacon to discover hidden talent within your existing talent.
The study by Sitel Group found that nearly 8 in 10 people consider a formal training program an important factor when looking to change employers(3).
According to HireDrive(1), even more members of Gen Z, 88%, said it was important for their future employer to offer an upskilling program.
Upskilling ensures employees’ skillsets won’t become obsolete, and shows your people you care about their careers and their futures. Boosts morale.
Employees who have training and development opportunities are happier in their roles and have a brighter outlook on their future with the company.
Upskilling our business, clients and communities means providing people with the knowledge, skills and tools they need to adapt to the digital future.
Flatiron School is here to help you discover the untapped skills within your existing teams to fill in those missing gaps.
How to upskill team members the best way
- First, determine if there is a shortage of skills. Find out which areas need additional input from the workforce and single out the core competencies needed for that area.
- Determine the knowledge needed and the type of learning that is best for the team. 20 of your employees could require 40 different courses between them, delivered through 2-3 different mediums, in just one training stage to upskill them. In light of this, determine exactly what an employee needs to learn, how they best absorb knowledge, and any workarounds that will help them maintain a streamlined workflow.
- Create personalized training programs for your employees. As mentioned in the previous point, individual attention is needed to effectively deliver training to each employee. This calls for a personalized training program that takes the cognitive and developmental capacities of different employees (and their daily responsibilities) into account when creating their development goals.
- Assess effectiveness and provide feedback. Training and development are one side of the upskilling coin. The other side involves real-time performance assessment and reporting/feedback. To assess how effective the training is, companies need to track the progress of employees as they complete the program, along with their performances in the field. Real-time reporting helps managers keep track of where an employee might need additional assistance and what the subsequent course of action should be to overcome any training obstacles.
Related articles:
- How to start upskilling your team
- Partner Your Business with Flatiron
- 7 benefits of upskilling employees
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