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Reskilling and Upskilling of Employees Is Essential To Retention
Reskilling and Upskilling of Employees Is Essential To Retention

February 16, 2023

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Over the past three years, education technology has emerged as a vital component of learning, both in academic and corporate environments. It offers a low-cost, accessible, and flexible approach for individuals seeking to explore both traditional and alternative learning opportunities.
EdTech provides a range of benefits, including personalized learning experiences, improved student engagement, career enhancement, and the development of a skilled workforce. This blog highlights how this powerful tool can help bridge the unemployment gap, reskill the workforce, and improve retention rates.
The Practice of Moonlighting is Growing
As we enter 2023, we are seeing a rise in the deployment of EdTech as part of a company's core retention strategy. This trend is driven by the increase in "moonlighting," as the use of smart technology enables employees to take on additional work outside of their primary employment. However, this can lead to a decrease in performance and a lack of focus.  Also, loyal employees tend to get demotivated looking at the economic prospects of moonlighters.
EdTech helps increase employee engagement, motivation, and satisfaction, resulting in better retention rates. Through upskilling and reskilling, EdTech boosts employees' ability to contribute and earn more within their existing jobs.
Enable Your Employees Through EdTech
Education technology is being utilized by companies to enable their employees, making them more competent, proficient, and job-ready. Improving retention rates and enhancing motivation levels are the favourable outcomes of adopting the methods of upskilling and reskilling. 
The former involves employees acquiring new skill sets to improve their current job performance by strengthening their existing talents and acquiring new ones such as digital, analytical, and innovation skills, among others, to remain updated with industry requirements. 
On the other hand, reskilling goes beyond traditional learning methods by incorporating industry disruptions, such as Artificial Intelligence (AI) and Virtual Reality (VR), to introduce new skill sets among employees. The objective is to prepare them for newer roles and when certain jobs become obsolete.
Reskilling and Upskilling in 2023
As the world is grappling with uncertainty, EdTech is emerging as the most promising solution to help corporates stay afloat. The upcoming year, 2023, will witness a remarkable surge in the corporate learning arena, as companies are set to capitalize on online training platforms to design skill-based programs and courses. 
The focus will be on developing technical and digital literacy skills, as the job descriptions continue to evolve. In this scenario, corporations have two choices – either they can recruit new talent or bridge the gap through upskilling or reskilling their existing workforce. 
Fortunately, EdTech provides the necessary tools for training and nurturing the employees, enabling them to meet the demands of 2023.  If you're indeed serious about retaining your employees, consider utilizing EdTech to enable your existing talent.

Source @CamuDigitalCampus Blogs


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