Investing in your workforce can entail delivering a wealth of added benefits and opportunities to show appreciation to staff, enrich their work lives and support career progression. Investing in staff can take many forms and mean something different to each worker. When considering investing in your employees, seek their feedback to identify any benefit gaps and identify what factors can benefit your business. A business with high employee satisfaction and retention rates is likely to harbour passionate workers who are highly productive, which can fuel your bottom line, supercharge your recruitment efforts and elevate client experiences. Karl Hodson, a business finance specialist at UK Business Finance, explains why upskilling is a worthwhile investment to any thriving business.
What Is The Value in Upskilling Your Staff?
Investing in your workforce can be equally beneficial to the employer and employee. As an employer, upskilling staff not only elevates the reputation of your business, but also increases the worth of your workforce due to newly acquired skills, advanced expertise and technical knowledge. Randstad’s Talent Trends research found that the top three traits when recruiting new talent include the potential to learn to grow (83%), intellectual or personality traits (80%), and personal motivations and aspirations relevant to the position (80%). Another report from Statista found that when asking individuals which work attributes are the most important for job satisfaction, career advancement opportunities ranked at 43%. Supporting the continuous development of your workforce can feed ambitious staff with a desire to progress and work in a mentally engaging workplace that’s not short on challenges. Upskilling and providing staff with the opportunity to advance their skill set and climb the ranks can increase the value of your business to those most involved – your employees.
What Does Upskilling Look Like in Practice?
Upskilling staff largely depends on the funds earmarked for training and staff availability without compromising team capacity. You may consider offering a range of training options as part of your upskilling initiative, such as:
Hard skills training
Hard skills are technical skills required for a particular job, such as a professional industry qualification or certification. These skills are essential, as without them, carrying out the prescribed job would not be possible.
Soft skills training
Soft skills are personal qualities that help characterise an employee and put their stamp on a role, such as their interpersonal skills or management abilities. Soft skills are often shaped by an individual’s personality and working style which distinguishes them from others.
Depending on the skills your staff want to develop, training may be offered in-house or by an external provider, such as through structured programmes, educational courses, or mentoring. If the skill is protected and certified by a professional body, consider funding educational resources, training, exam sittings, and professional memberships. Employees that are happier and more satisfied are likely to stay in their jobs for longer which is paramount to building a reliable and people-first workplace.
How Can Wellity Support You?
Unleash Your Potential: Steer Your Career
A practical empowering sessions designed for ambitious professionals seeking to take control of their career trajectories. This interactive sessions provides valuable insights and practical strategies to navigate professional development, fostering a proactive and purposeful approach to career growth. Whether aiming for advancement within current roles or transitioning to new opportunities, this session equips ambitious professionals with the roadmap to realise their career aspirations and unlock their full potential.
Objectives:
- Engage in self -reflection exercises to identify strengths, passions, and career goals.
- Learn effective goal-setting techniques to outline a clear path for career advancement, ensuring objectives align with personal aspirations.
- Acquire skills in networking and relationship building to cultivate a strong professional circle.
- Develop strategies to overcome common career challenges, transforming obstacles into stepping stones for success.
Stepping Up: Mastering the Transition to Management
Discover the essentials of effective management for new or unexpected managers, helping them to navigate the challenges and responsibilities of their new role with confidence. This workshop will equip attendees with the knowledge and tools to succeed as new managers, fostering strong team dynamics and effective leadership.
Objectives:
- Understand the key responsibiliti4es and challenges of a managerial role.
- Learn strategies to build trust and effective communication within your team.
- Develop skills to manage time, delegate tasks, and make informed decisions.
- Create a personalised action plan to grow and thrive as a new manager.
For any further information on this topic, contact our team at hello@wellityglobal.com.
