COVID-19 has forced us to restructure work; come up with new business models, revisit roles, set new priority areas, among others. The pandemic has also brought back the importance of reskilling and upskilling of resources as part of the larger business transformation in the wake of the crisis. Companies need to equip their workforce with changing times to come out stronger with a greater competitive advantage. As experts say, companies that continue to invest on training and offer learning opportunities for their talent will emerge as winners on the other side of this crisis.
Over the last few months, the new-age virtual learning alternatives have gone into overdrive and the volume of traditional face-to-face training has reduced. The surprising benefit of our current situation is that there are so many more ways for people to learn new skills and expand their knowledge.
It is important for employers to identify which talent can be up-skilled quickly. In order to subvert or minimize job losses in current times, employers will need to create a robust learning path for their workforce; link to their appraisal cycle so that it becomes a way of life. Even if a professional is not at risk of losing his/her job, it is important for them to re-assess their skills periodically to know if they will be able to remain competitive during this phase and, acquire new skills for the future.
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