The Benefits of Investing in Employees With Skills Based Training

There is no better investment for a business than investing in its employee’s knowledge and skill base. The employees are responsible for running the operations of a business, which can only succeed if they are performing at the highest level of productivity and innovation, especially compared to competitors. 42% of C-suite leaders claim that employee skill shortages are holding back their ability to remain agile when there are changes to technology and talent. Corporate skills based training programs are a surefire way to make sure employees’ skills are meeting the industry standards and staying ahead of any major changes to the market landscape. 

There are usually three major types of training programs that are available to employees. The first are onboarding programs, which are designed to build the foundational knowledge for an employee and introduce them to the culture and expectations of a company. The other two programs, upskilling and reskilling, can be applied at any point in an employee’s tenure, from entry level to executive status. Upskilling involves making sure existing skills are in line with industry best practices and are reflecting any changes to be more efficient or innovative. Reskilling involves learning a completely new skill that is in line with technological advancements. All three are essential to ensuring the top performance of a business. 

Source: YU Global