The business landscape is evolving and facing a reskilling emergency.
As technological innovation is taking over the global economy, expectations from and for an employee are also quickly changing.
For companies to retain good talents, they need to empower their employees with the required skills they need to survive and navigate in the new digital age/world. Also, individuals should also start empowering themselves with the appropriate skills personally.
Some of these skills include:
Data Skills – this involves the ability to gather, interpret, and analyze data.
Emotional Intelligence (EI) – this involves the ability to be aware of your own feelings and the feelings of people around you and use it when making decisions.
Technological Skills – these include skills in web design, email management and web navigation etc.
Leadership Skills – this involves being able to guide and lead your employees effectively and efficiently.
More technologically sophisticated tactics are required for firms to create successful working environments for their employees. Companies that empower their people do better than those that do not.
Why should you empower your employees?
Many things have changed substantially in the workplace since the introduction of the Covid-19 epidemic. The workspace is now more progressive and most strategies that worked before are now outdated. Your organisation will benefit from increased performance and production if you train and empower your employees with new abilities. Instead of chasing trends and constantly being one step behind, companies with up-skilled staff help generate new trends and become market leaders.
In our digital era, the number of people with specific levels of talents simply does not equal the number of people who possess those skills. As a result, there will always be a labour scarcity, making it cheaper, smarter, more advised, and useful to empower individuals who are adaptive and rapid learners rather than acquiring a new employee for a high wage.
Creating a work culture that values lifelong learning and encourages people to achieve more will only succeed if the organisation's leaders prioritise it.
Below are a few reasons why empowering employees for future work is beneficial to an organisation:
Better quality of work is produced.
Increase in productivity, which leads to an increase in revenue.
Increase in creativity, which allows the company to stay ahead of the curve.
Empowering workers, particularly leaders, to have a deeper understanding of how their teams, as well as other teams around the firm, operate. This may also result in a fresh appearance in leadership and overall corporate culture.
High employee retention rate
These generations of workers are more ambitious than any other in today's workplace. They have such strong feelings about their present jobs and future advancements that they make it a personal responsibility to enhance their skill sets and learn new ones to be as effective as possible. A firm that provides its employees with future skill sets will be more in tune with and match the needs of employees in this area, resulting in a synergy for creative and productivity partnerships between the organisation and its personnel.
Employees will perceive their positions and employment as a collaborative effort rather than a task for which they are compensated while pursuing their true aims and ambitions.
It is critical for not only the government but also for businesses to equip their employees with the necessary futuristic skills that can have a significant impact on the achievement of a company's goal, and it is also critical for individuals because it provides them with better opportunities than those who rely solely on past skills in today's changing world.
In summary, while designing a learning strategy, firms should keep in mind that, just as customers have high expectations of the brands they buy, workers have high expectations of the companies they work for. It is critical for both firms to continue to improve their employees' abilities to stay up with the fast-paced changes and avoid falling behind.
Email us at: enquiries@ovacgroup.com for a free consultation with our team specialists