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April 2018

What Is Upskilling? The Best HR Executives Already Know

What Is Upskilling? The Best HR Executives Already Know

If you read pieces about human resources trends on LinkedIn, Forbes, and industry sites, then you probably already know the answer to this question: What is upskilling?

The philosophy behind upskilling is deceptively simple: it's the art of teaching your organization's existing employees the skills your company needs to grow. Those skills could involve training workers on new software, new manufacturing techniques, continuing education courses, or the kinds of specialized knowledge they might normally gain in a masters program.

In the 21st Century, businesses need to be agile, and that often means you can't afford to wait around for the right employees to apply. Sometimes, you have to create the right employees from your existing workforce. Already, the nation's top HR executives have mastered this essential skill set, and just in time.

Why Upskilling Is the HR World's Latest Buzzword

A recent Gallup poll found that only two out of 10 workers believe their manager is doing a good job of encouraging them to perform at their best. As a result, it's easy to see why so many organization's fail at properly upskilling their workforce. And that's a major problem at a time when so many skilled jobs are going unfilled. Because while HR executive search firms and elite HR consultants are already familiar with this practice, most managers are not.

A few years ago, many companies were being flooded with enough resumes to wallpaper their entire office. Today, many companies are unable to fill important positions that require advanced training or education. They simply cannot find enough people to apply.

Upskilling provides a fantastic solution. Rather than waiting for the right people to apply, a company's resources may be better spent training existing workers to master new skills. In the long run, this is a great way to reward your organization's most ambitious and dedicated employees, who will profit from new skills and higher salaries.

Unfortunately, as with any of the top trends seen by HR executive search firms, many companies are reluctant to embrace new concepts such as upskilling. And not because it's a bad idea, but rather because corporate inertia can be a powerful and dangerous force.

That's why HR consultants must be equally powerful forces for change. The new global economy requires new skills, and managers are often in the best position to ensure their workers attain these skills.

Companies that master the art of upskilling will be well placed to grow. Those that ignore these trends will have to keep looking for perfect employees that may never apply.

Looking for an HR executive search firm that can connect you with the most elite human resources executives in the country? Contact our executive staffing agency today to jump-start your search.