Attention all business leaders!

As the job market continues to evolve, it’s becoming increasingly important to invest in the upskilling of your entire team, not just new starters. Estimated 46% percent of 5,000 professionals surveyed in 2021, agreed they are more likely to leave their company if they do not see a commitment to upskilling and re-skilling, resulting in costly turnover.

Here’s why:

1. Stay competitive:
   The pace of change in today’s job market is faster than ever before, and companies that don’t keep up risk falling behind. By investing in the upskilling of your entire team, you can ensure that your business has the skills and knowledge it needs to stay competitive.
2. Retain top talent:
   Upskilling your existing employees sends a strong message that you value their growth and development. This can help to retain top talent and improve employee engagement.
3. Increase productivity:
   When employees have the skills they need to do their jobs well, they’re more productive and efficient. Upskilling can help to streamline processes and increase productivity across your entire business.
4. Foster a culture of learning:
   By investing in the upskilling of your entire team, you can create a culture of learning within your organisation. This can help to encourage innovation, creativity, and collaboration.
5. Future-proof your business:
   By upskilling your entire team, you can future-proof your organisation by ensuring that you have the skills you need to adapt to changing circumstances and new technologies.

In today’s rapidly changing job market, investing in the upskilling of your entire team is crucial for staying competitive and future-proofing your company. So, don’t just focus on your new starters – make sure that all of your employees have the opportunity to grow and develop their skills.

And finally, it’s as important for leaders to manage their own Learning and Development needs as well as that of their team members.

If you would like to take advantage of our training and mentoring on this or any management topic contact me on email: kelly.blank@lead-talent.co.uk.  We offer part or fully funded training courses to support SME’s in upskilling their team for the future.

Find out more from Lead Talent about our Talent Dynamics Psychometric Assessment Tools and how this can support recruitment and staff retention in your People Strategy.

AUTHOR: Kelly Blank, Lead Talent’s Head of Learning and Development.

About the author:
Kelly Blank, Lead Talent’s Head of People and Organisational Development, has worked with SME’s on their Training and Development Strategy in the Recruitment Sector since 2015.  To find out more about Kelly and the Lead Talent team please follow this link: OUR TEAM.

Source of data:  https://get.degreed.com/state-of-skills-report

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#teamdevelopment

#futureofwork

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