The universal shift in company culture caused by the Covid-19 pandemic has caused workers to question their current job roles as they begin to acknowledge that career development is highly important when seeking a positive company culture.
A survey from Prudential shows that more than 26% of workers plan to leave their employers after the pandemic, with 80% of these respondents citing concern about career growth.
Companies need to recognise the truth about the future of employment especially with recovery from the pandemic accelerating trends in remote work, automation and AI. In fact, it’s thought that most of the UK workforce will need to evolve their occupations by 2030.
Employers can either hire new employees, or reskill current employees so they can fill newly in-demand roles. Rather than searching outside for established talent, organisations and SME’s should try training current employees to take on new roles.
Making a conscious effort to promote worker-centric policies including upskilling and reskilling, committing more pathways for career development and mobility can help to retain upskilled employees. One study found that organisations with strong, flexible cultures earned 15% more in annual revenue than competitors that were less adaptable!
An investment in reskilling demonstrates that you're committed to employees—that you want to see them thrive and grow. This message reaches both the employees who are involved in reskilling programs and their peers across the organisation.
The investment is also good for employee morale, as learning precious new skills is a powerful source of motivation for employees. Skills training is the number-one choice of prospective employees when choosing what makes a great employer, and 94% of employees say they would stay at a company longer if it invested in their career development.
There's never been a better time than now to invest in the development of your employees - will you be reskilling your employees?