If an organization wants to retain quality employees, investing in the individual's personal growth and learning is extremely important. In simpler words, the more you help your employees gain the required skills and knowledge to do their jobs better, the more profitable it is for your organization. Don't believe us? Data states that companies that spend $1,500 or more on employee development yearly report 24% higher annual profits than organizations that spend less.
Did you know that hiring managers are more inclined towards onboarding a certified professional?
One of the biggest changes that the COVID-19 aftermath has led to is the acceleration of rapid technological advancements across industries. For IT professionals, especially, this has compelled them to use technology to reimagine their operations and leverage new tech innovations for facilitating better development and efficient business models, further increasing the importance of identifying the essential components of learning and development for IT employees.
Data science, in itself, is an interdisciplinary field that uses various tools and technologies to interpret, understand, and extrapolate with a goal to discover hidden patterns in data and make relevant, business-oriented decisions.
Research by People Matters in 2018 spoke of a book by Peter Senge where he coined the term ‘Learning Organization’. His rationale behind this term was that organizations that are learning and are flexible, productive, and adaptive to change will excel. The book was published in the 1990s when L&D-based business strategies were just a concept, and now we can see coming true.
Step 1: Understand Why Upskilling Is Important? The Skills Matrix is evolving at a faster rate than it did just a decade ago. New skills are being introduced almost every year. 10 years ago Data Science, Machine Learning, Augmented Reality was obscure concepts but now are in high demand in many emerging fields. It is now highly imperative for almost all organizations to ensure their employees are equipped with the right skills and adapt to the changing ecosystem.
‘Digital Transformation’ could very well be the buzzword of the year. But it would be a buzzword that all businesses would have to take very seriously.
