The need for employee upskilling is on the rise, thanks to the rising adoption of automation, AI, and other emerging technologies.
Creating an upskilling strategy without looking at employee data is like an accountant making a profit and loss statement without reading the journal entries—impractical in approach, inaccurate on paper.
For Learning and Development (L&D) professionals, the ability to align training with the business strategy and needs is a prized talent. Seasoned L&D professionals understand that upskill and reskill employees within an enterprise are equivalent to 'upgrading' the organization's shared goals, collective skills, and operational efficiency.
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.
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.
We had the pleasure of speaking with Fiserv’s Dr. Sonal Modi on best practices to implement and champion organization’s upskilling programs in order to thrive in today’s changing work environment. This transcript is a snippet of the conversation and has been edited for clarity. If you’d like to receive the complete recording of the webinar click here.
