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23 - 24 April 2025 | ExCeL London

17 - 18 April 2024 | ExCeL London

Why you should invest in workforce upskilling

Thursday 12 October 2023

Why you should invest in workforce upskilling

Why you should invest in workforce upskilling

In today's rapidly evolving job market, fostering a culture of continuous learning is critical for both employee engagement and organisational resilience. As the "Great Resignation" shook the foundations of the workforce landscape in 2021, upskilling your team has become more important than ever. It enhances employee satisfaction and serves as a strategic shield against the effects of the ever-changing labour market.

The challenge of bridging the skill gap is not new; it is a widespread issue that has led many business leaders to re-evaluate their training and development strategies. In the context of managing a talent crunch across multiple sectors, L&D managers are tasked with choosing an efficient Learning Management System (LMS) to cater to diverse skill development requirements across various departments whilst also providing insights into the effectiveness of their learning programmes. This is particularly important as remote and hybrid workforces become an enduring reality.

 

The importance of upskilling

For L&D professionals striving to meet evolving learners' demands, mastering the art and science of instructional design is not merely a trend but a testament to the growing importance of eLearning as a professional discipline.

By investing in workforce upskilling, businesses are not just addressing immediate skills gaps; they are laying the foundation for a more adaptive, engaged, and future-ready organisation. Employees can stay competitive and advance in their jobs by routinely improving their abilities. This approach equips them with fresh skills that enable effective performance and help organisations scale. 

Here are the main reasons why you should invest in upskilling for your organisation:

 

Boosted productivity and efficiency

When employees have the skills they need to do their jobs effectively, they are more productive and engaged. This is because they feel more confident and motivated to perform their best.

Upskilling your workforce means equipping them with new skills and knowledge to perform their tasks more effectively. When employees have the requisite training and tools, they can work smarter, not just harder. This can lead to reduced time spent on each task, less wasted resources, and, ultimately, a higher return on investment. Such investment will directly contribute to your organisation's bottom line through enhanced productivity.

 

Future-proof your organisation and stay ahead of the curve

The world of work is constantly changing, and new technologies are emerging all the time. By upskilling your workforce, you can ensure that your employees have the skills they need to meet the demands of the changing workplace. This investment will not only address present skill shortages and prepare for future demands, it will also ensure your workforce remains relevant. 

According to research by Dell Technologies, 85% of the employment that will exist in 2030 has yet to be created. Given the development of automation and new technology, it's impossible to predict exactly what skills will be in demand for these new and evolving occupations. Maintaining employees' skills and readiness to adapt to this new future may be achieved by fostering a culture of continuous learning. Companies must view this as an investment.

 

Increased employee retention 

Employees often seek workplaces where they can grow and develop professionally. By offering upskilling opportunities, organisations demonstrate a commitment to their staff's personal and professional growth. 93% of organisations expressed fear about retaining employees in a recent poll conducted by LinkedIn in 2023. Such an investment can foster loyalty and reduce turnover rates, which are both beneficial for business continuity and reduced recruitment costs. 

Companies can reduce turnover by proactively offering avenues for career progression. Employees who feel like their skills are valued, and have opportunities to learn and grow, are less likely to leave their jobs. Investing in upskilling can help companies retain their top talent.

 

Improving customer service and satisfaction

When employees have the skills to understand and meet customers' needs, they can consistently provide better customer service. If your workers feel satisfied, they will better manage your customers. Staying current on industry news and trends is also essential, as it will allow your team to provide better insights and recommendations for your prospective clients. This can lead to increased repeat business and improved customer satisfaction.

 

Meeting employee expectations and desires

In today's workforce, employees don't just seek a pay check; they yearn for growth. With rising concerns like "silent resignations" making headlines, nurturing employee allegiance resonates with their aspirations. People who feel like their company is investing in their future are more likely to be happy in their work. This leads to a more positive work environment and improved morale.

 

Enabling effective upskilling with Moodle 

Moodle Workplace provides organisations the tools to effectively engage and manage their teams and streamline learning experiences. 

Using Workplace features specifically designed to manage learning tracking, managers can assess progress and spot areas where employees might need more assistance. The platform’s customising possibilities makes it easier to design learning that is explicitly suited to each team's requirements. Automated workflows help to simplify administrative tasks, freeing up more time for eLearning and upskilling. 

Workplace's ‘Dynamic Rules’ feature enhances workflow automation and labour management. Enhanced navigation and learning session information, such as attendance and appointment scheduling, improve the user experience for learners'. The platform also offers rich and engaging learning beyond the basic content features in most workplace LMS’s. 

In addition, the report builder tool assists managers in assessing how the learning has affected staff and helps inform actions to improve performance. L&D and training managers using Workplace can also leverage a customised dashboard with sections for "new available courses" and existing course enrolments, which helps people navigate the learning.

 

Conclusion

The question is not really whether to invest in your workforce but how to do it most effectively to meet the myriad challenges and opportunities of today's job market. Whether it's narrowing the widening skills gap, retaining valuable employees, boosting productivity, future-proofing your organisation, or simply giving your team what they desire and value most, upskilling is a business imperative.

Platforms like Moodle Workplace can significantly aid your efforts by providing tailored, efficient solutions for your Learning & Development programme.

 

 

Sonya Trivedi

Communications Manager at Moodle

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