Reskilling 5×5×5 (2)
In contrast, reskilling doesn’t refresh existing skills. It means adding new skills that enable an employee to move into a different job within the company or another organization.
Upskilling and reskilling are both ways of learning new competencies. They’re an investment in a future career or a way to hold onto the one we’ve got in times of uncertainty. Reskilling can help reduce the risk of job loss due to automation or outsourcing.
Many companies offer such opportunities through conferences, seminars and certificate programs for employees. At Alex & Alex, employees are reimbursed for tuition fees at colleges, as well as things like boot camps. Reskilling may require completing several certificate or microcertificate programs, or even obtaining a degree in a new discipline.
Reskilling is a popular buzzword these days, especially as many manufacturing jobs are being taken over by machines. I’ve read that something like 20 million such jobs worldwide could be replaced by robots by 2030. AI-driven technology solutions are taking on repetitive tasks such as data management.
The rapid acceleration of automation and the economic uncertainty caused by the pandemic have changed almost everything about the way we work.
One of the hottest topics in human resources circles right now is how to build a workforce that’s agile enough to adapt to the constantly changing world of work.
The pandemic upended our professional and personal goals, to be sure.
