Two years have brought many changes to working lives. The year 2023 will see employers investing more in training programs and upskilling.
FREMONT, CA: Professional lives have seen numerous adjustments during the past two years. In 2020, the pandemic compelled many individuals to work from home, yet in 2021, the Great Resignation demonstrated that employees were not scared to leave their jobs for greater chances.
This year, businesses are engaged in a tug-of-war with their employees over return-to-office regulations while competing for the top digital talent. Particularly, firms are adjusting their hiring methods in inventive ways to lure and contain talent in a pool that has diminished over the past two years.
As economic uncertainty looms large over 2023, the following describes how retention through upskilling may affect the workplace in the coming year.
Employers will invest more in training and upskilling programs to equip their employees with the necessary skills in 2023. Companies will need to consider internal upskilling to address the widening talent gap.
Considering upskilling programs as part of an internal mobility plan is crucial, as businesses are increasingly concentrating on their internal labor market and considering how to move high-performing employees into more needed positions.
Opportunities for professional development and advancement are essential to retaining personnel. Employees desire to acquire skills that will benefit them in their current positions and careers. People desire growth beyond their assigned roles. They are concerned with development during their entire career. If companies cannot provide these extended growth opportunities, businesses will certainly struggle and lose customers.
According to a recent Amazon and Workplace Intelligence survey, 83 percent of employees rank increasing their abilities as their top priority for the upcoming year.
According to the same poll, 74 percent of employees are willing to leave their current position due to a lack of skills development and career mobility opportunities.
Employees feel empowered in today's employee-driven employment market to seek an employer who genuinely supports their long-term career objectives and desires.
Companies that realize this and provide a high level of support, such as increased time for skill development during the workday and improved learning benefits and programs, will maintain a competitive advantage in the ongoing competition for talent.
