Every time a position opens up in your organization, you spend significant time and energy finding the most skilled candidates possible. But what about simply expanding the abilities of the employees you already have on your team?
Upskilling your current staff can improve your workplace. In fact, the benefits are likely higher than you realize. You don’t just see value in the specific tasks involved, but you’ll experience improvement in broad ways that enhance your workplace as a whole.
Data underscores the benefits of these upgrades. One study found that more than nine out of 10 business leaders (93%) who invested in upskilling saw long-term benefits. As we’ll see, these usually took the form of better productivity, enhanced team-building, or a more resilient workforce.
To give you a more comprehensive look at how you’ll benefit from these investments, here are five ways upskilling improves your workplace as a whole:
Skilled employees can get more done. Every additional ability either expands their scope of potential activity or gives them the knowledge they need to complete tasks more efficiently. As a result, upskilling your employees acts as an investment — one that will pay off for you in enhanced productivity.
One study showed that 81% of employees felt more productive after participating in an upskilling program. And this number might actually underestimate the improvement. The same survey found that 91% of companies perceived an improvement from the added training.
Your best team members want to push their careers forward. They aren’t interested in running through the same daily routine on into the infinite future. Instead, these top talents want to grow and improve — if you don’t help them achieve this goal, you’ll eventually lose them.
That’s why upskilling programs lead to a boost in retention. By investing in your top talent, you make yourself an engine for long-term career development. As a result, you can keep your best employees as they grow over time.
Your employees provide the face of your company. This goes beyond executives and sales staff. Eventually, customers will work with fewer front-facing personnel. You want them to make a good impression as well.
An investment in upselling can achieve this goal. Well-rounded employees can handle emergencies or slip into unfamiliar roles with a minimum learning curve. In the end, this will help you land and retain customers.
Develop Potential Leaders
Upskilling doesn’t just give you an edge in your current operations. This investment also helps you build for the future. By expanding your employees’ abilities, you expand their long-term value, constructing the foundation for future leaders and innovators.
In this way, you can nurture a winning infrastructure that will pay off in multiple ways over time. As you look to fill leadership roles, you’ll have a plethora of internal candidates to choose from.
Drive Long-Term Growth
Along the same lines, today’s upskilling investment can pay dividends for years to come. You’ll stretch the capabilities of your best employees, leading to overall improvements in the organization. You’ll see benefits in:
- Added Flexibility
- Better Advice from Your Staff
- Accelerated Innovation
Upskilling efforts have the most impact when you have the right employees in place. A flexible, curious staff will pick up new skills quickly and put those abilities to productive use. A partnership with a top recruiter, like SmartTalent, will bring you these success engines.
Contact SmartTalent today to find out more.