The Future Of Work and The Need For Upskill And Reskill To Worker

Status and challenges on employment in the coming years

Data from the Bureau of Labor Statistics (BLS) show that about 9.3 million people in the United States were unemployed in May. Meanwhile, as of the last day of April, 9.3 million jobs in the country were sitting open. 

Looking at these numbers, what do you think happened to the employment situation in the first half of the year?

Robots efficiently sorting hundreds of parcels per hour

As you know, technological progress is enabling machines to complete many of the tasks that once required human beings. That new automation revolution had a major effect on employment in recent years. Nearly every job had changed, many quite profoundly, and the overwhelming majority of today’s employees are required have to upskill and reskill to adapt to the new age. So, it’s likely you’ll need to invest more in growing at least some of your talent.

What do leaders need to prepare for future work?

What do leaders need to prepare for future work?

   1. Assessing Digital Literacy

According to research from the National Skills Coalition, about one in three U.S. workers have few or no digital skills, even though roughly half of those workers are in jobs that require moderate or complex computer usage. That same research finds that, not surprisingly, business leaders highly value workers who have the ability to problems solving using technology, interact with computers and mobile devices, use basic technology tools such as office productivity software, data security and safety, and data ethics.

   2. Invest in Upskilling Or Reskilling? (No, They’re Not The Same.)

Upskilling and reskilling can help you identify and develop high-potential, in-house talent. While these terms are often used interchangeably, they’re different efforts. In a recent report from LinkedIn Learning, 59% of learning and development professionals said their organizations are prioritizing both upskilling and reskilling programs this year. That’s a 15% increase since June 2020, according to the report. Keep in mind that to maintain a competitive advantage in a global job market, your employees will need to be reskilled or upskill at least once a year, according to a recent report from Citrix.

We need to upskill and reskill to prepare for higher positions

   3. Consider Other Company Objectives When Developing Skilling Programs

Consult with other senior leaders, from the head of human resources to the board of directors, to pinpoint current skills gaps across the organization and think critically about what the business needs, from a talent perspective, to achieve its objectives. What are your plans for digital transformation? What types of skills—both technical and nontechnical—are your competitors trying to recruit? As you consider questions like these, you’ll be able to develop a training plan tailored to your company’s financial situation.

In Summary

Investing in employees’ skills and knowledge also helps to build a positive company culture. It will also allow your business to raise its reputation as a place where people can grow their careers and engage in meaningful professional development.

According to Forbes

>> View more: 10 Things Great Leaders Never Say To Their Employees

>> View more: It’s Time For Traditional Middle Manager To Break Their Limits (Part 1)

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