The Covid-19 pandemic has upturned prevailing business and operating models and forced many companies to freeze hiring, introduce salary cuts, and even lay off workers or furlough their employees. Many people are also finding it difficult to earn a decent living because their skill-set and job roles have been made redundant.
All this has accelerated the need for companies to revise their overall strategies and focus on skilling programs for employees so their roles retain relevance. These programs focus on both reskilling & upskilling.
Reskilling — the process of learning new skills so you can do a different job, or of training people to do a different job (i.e. looking for ‘adjacent skills’, a lateral learning experience).
Upskilling — to provide or teach & to acquire or learn advanced skills & expand capabilities through additional education & training, thus closing talent gaps.
Upskilling and Reskilling for the Digital Age
Episode 7: Reskilling and Upskilling for the New Reality | Leading in the New Reality Live