Technological advancements and automation are key driving players in the current economy. It not just impacts the businesses but also the people within those businesses. These shifts are reshaping the workforce, which may lead to a shift in job roles and skills required to ace.

 As per World Economic Forum, by 2025, 85 million jobs may be displaced, while 97 million new roles may emerge. Even, NASSCOM has also suggested that 40% of India’s existing workforce needs to upskill to remain relevant. 

The shift and growing requirements highlight the importance of continuous upskilling to adapt to the changing landscape and remain relevant.

Upskilling is the answer to addressing the skills gap, attracting and retaining great employees, and helping companies achieve and grow more. 

The current trends defy the “one-size-fits-all” approach to upskilling and professional development. Every learner is different and has different learning styles and experiences. To make upskilling intrinsic to organizations, engaging in upskilling techniques can be an effective step. 

Let’s dig deeper into understanding what engagement-specific upskilling is. 

What is engagement-specific upskilling?

Engagement-specific upskilling refers to a targeted and tailored approach to professional development. With a focus on addressing specific skill gaps and engaging individuals in a personalized learning journey. 

It involves identifying the specific needs and interests of individuals or organizations and designing learning programs that align with those requirements, fostering active participation, motivation, and meaningful growth. 

This approach aims to enhance employee engagement, improve job performance, and ensure relevance in an evolving work environment by providing targeted learning experiences that meet the unique needs of individuals or specific industry demands.

The Impact of Engagement-Specific Upskilling

Upskilling plays a positive role in the workplace, and data supports it well. Employees who feel their professional development needs are met are 3.5 times more likely to be engaged in their work. A study by Gallup highlights 5 advantages of upskilling for teams which not just improves performance metrics but also profitability. Gallup even mentioned that companies which invest in employee development increase profitability by 11%. 

Addressing Skills Gaps

Upskilling initiatives targeting skills gaps are crucial for individual career progression and organizational success. In fact, 87% of companies observe growing skill gaps within or expect them to be more evident in coming years. 

According to a survey by LinkedIn, 94% of employees would stay longer in a company that invests in their career development. By identifying and addressing specific skill gaps, organizations can nurture talent, improve employee loyalty, and reduce recruitment costs.

Boosting Economic Growth

Upskilling efforts have a broader impact on the economy. A study conducted by the Organization for Economic Cooperation and Development (OECD) found that increasing workers’ skills by just 1% could boost GDP growth by 0.15%. 

Engagement-specific upskilling programs tailored to meet the demands of industries experiencing rapid transformations, such as technology and digital sectors, can fuel economic growth by ensuring a competent and adaptable workforce.

Personal and Professional Growth

Learning is a rising tide that lifts all boats. Engagement-specific upskilling goes beyond addressing immediate job requirements both for individuals and companies. It offers individuals the opportunity to pursue their passions, explore new avenues, and advance their careers. 

By focusing on targeted upskilling, individuals can acquire specialized knowledge and skills that enhance their personal and professional growth.

In a dynamic and ever-changing work environment, engagement-specific upskilling has become an absolute necessity. Embracing engagement-specific upskilling is not only beneficial for individuals striving to remain competitive but also for organizations aiming to adapt and thrive in a rapidly evolving world. 

By investing in targeted upskilling, individuals and organizations can position themselves at the forefront of innovation, growth, and success. 

At Zenfide, we curate tailored courses for upskilling that both individuals and organizations can benefit from. Book a demo with us today.