© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Building a Successful Upskilling Strategy
Posted 21st December 2020

Building a Successful Upskilling Strategy

How can businesses better support L&D in their organisations and build effective upskilling strategies to remain competitive?

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Building a Successful Upskilling Strategy
upskilling

Recent months, witnessing the unnerving theatre of the pandemic, has caused many businesses to review and revisit their skill availability across internal talent. One key insight unpacked from this has been the urgency to upskill and share existing expertise and knowledge across a business, especially disparate ones that have remote employees.

Skills, knowledge, and expertise – these aren’t static in a business setting. Rather, they need to be developed, refined, and shared. With swift and challenging economic changes afoot, the firms that seem to become more fortified, or resilient, against the disruptions are those willing to embrace upskilling as a strategy.

However, an astonishing 74% of CEOs are still concerned at a lack of availability of the right skills in their companies, according to PWC’s 23rd Annual Global CEO Survey.

Traditionally, upskilling is achieved through training or topical and knowledgeable seminars. Upskilling a workforce can seem a tricky feat. But CEO’s and other office managers can build strategies that captures this goal. Upskilling employees is about reinforcing existing expertise, while introducing new ones.

Your skill availability isn’t fixed, but rather fluid. What shapes the successful spread of expertise and knowledge in a workplace is policy and strategy. Furthermore, embracing new technologies can help you deliver an effective approach to upskilling. A roadmap to a greater skill availability in the office is never out of reach for those with a proactive strategy.

How can businesses better support L&D in their organisations and build effective upskilling strategies to remain competitive?

 

1)      Design a roadmap to skill discovery

Training programmes can be delivered to mixed results. Yet, with adequate pre-planning, training can become a useful tool for new skill discovery and acquisition, while closing down the ‘gaps’.

Through a focused approach, you can prioritise an upskilling strategy around those employees with niche or specialist expertise. If technology, or other external disruptions, pose risks on the skills shared between colleagues identify not only key people, but critical skills that could boost business performance.

Training courses should, of course, have strategic goals. But, ultimately, they should be built around people. This skills development process should include your HR team, which can be foundational in outlaying the right kinds of support. For example, building key policy that facilitates upskilling can establish a firmer framework for skill sharing. A firm might manage its resources accordingly, building out a company compensation and benefits scheme that nurtures upskilling and career development.

2)      Reflect on key learnings

The hopeful goal would be to nurture skills and expertise even outside of training courses. Lifelong learning is a no easy feat; but facilitating opportunities to continually, and proactively, learn is a practical and achievable goal that many businesses should aspire to.

Often a key mistake is to assume that learning ends when a training session expires. In fact, skill retention is much for effective for businesses that aspire to design roadmaps to upskilling and cross-pollinating expertise. Ensuring that employees who absorb new skills get key opportunities to apply, in-situation, these expertise and knowledge improves chances of retention.

After a training session, give the attending employees’ a chance to reflect on the key takeaways and allow them space to feedback into the process. Building a learning culture that features on its people is the best way to ensure skills are shared and reinforced.

 

3)      Embrace the right tech

Whilst upskilling is universal, the kinds of available investments can be very different. Big named companies like Amazon, Google, Microsoft, or Salesforce have committed financial resources to developing upskilling strategies through technology.

Where can I access these kinds of resources?

Start by reading new research and educational articles, found on platforms the likes of LinkedIn, GitHub, and other spaces Like Grow with Google, which unpack several digital skills amidst the growing paranoia of automation. Saleforce’s recent “Trailhead” app, for example, closes the knowledge gap of those wishing to learn about sales platforms.

The best tool for skill discovery is human interaction. Yet, technology can better facilitate this, especially where disruption from the pandemic has the potential to interrupt how we learn form one another. Communication platforms, such as Microsoft’s Teams, can not only ensure that that teams remain connected, but also that they have extra opportunities to learn from each other.

An upskilling initiative that centres on learning and development can be dynamic for an organisation. Training should be about people, and the kinds of skills a business wants shared and learned. Rather than fear automation, why not embrace technology as a means of facilitating, and distributing, skills in a workplace.

The article was written by Steve Cox, chief evangelist at IRIS HR Consulting.

Categories: Strategy


You Might Also Like
Read Full PostRead - Eye Icon
Revolutionizing Digital Healthcare Services: A Comprehensive Overview
News
23/10/2023Revolutionizing Digital Healthcare Services: A Comprehensive Overview

In the dynamic landscape of digital healthcare services, a pioneering company leads the charge in healthcare innovation. With a holistic approach to digital health, they offer a wide range of services, ensuring their clients have the necessary tools to th

Read Full PostRead - Eye Icon
APS Foods Acquisition of Wight Salads
Finance
27/05/2015APS Foods Acquisition of Wight Salads

APS Foods acquisition of Wight Salads

Read Full PostRead - Eye Icon
The Irish Insurance Industry
Finance
03/03/2016The Irish Insurance Industry

JP Healy & Co Insurance’s ltd is an insurance brokerage based in Ireland that has been operating for over 30 years.

Read Full PostRead - Eye Icon
Navigating Market Volatility: Tips for Investing in Crypto During Uncertain Times
News
19/08/2024Navigating Market Volatility: Tips for Investing in Crypto During Uncertain Times

Cryptocurrency has this innate quality of being volatile. Prices jump and go on a nosedive in a matter of hours, driven by everything from regulatory news to investor sentiment. This article attempts to explore the quintessential tips on how to invest in crypt

Read Full PostRead - Eye Icon
Baker & McKenzie Advise During Walmark’s Acquisition of Pneumolan
Legal
20/08/2015Baker & McKenzie Advise During Walmark’s Acquisition of Pneumolan

Baker & McKenzie Advise During Walmark's Acquisition of Pneumolan

Read Full PostRead - Eye Icon
Ones to Watch in IP 2016 – Germany
Legal
31/07/2016Ones to Watch in IP 2016 – Germany

engel patentanwaltskanzlei (ep) are a highly renowned IP law firm, who work for creative and innovative people and enterprises in order to legally protect their intellectual performance results. We spoke to Christoph K. Engel, Patent Attorney, to find out how

Read Full PostRead - Eye Icon
Next-Level Document Management: Why Virtual Data Rooms Are Vital
News
30/10/2023Next-Level Document Management: Why Virtual Data Rooms Are Vital

Despite economic concerns and supply chain challenges, 72% of global businesses want to expand. There is no turning back now that the entire world has gone globalized. Companies of all sizes are successfully extending their operations abroad. The global stage

Read Full PostRead - Eye Icon
Real Estate Value In Palm Beach Florida
Finance
04/05/2023Real Estate Value In Palm Beach Florida

The state of Florida grew by 1.9% between 2021 and 2022. An additional 706,597 people moved to the Sunshine State between 2020 and this last census. This made Florida the fastest-growing state in the US.

Read Full PostRead - Eye Icon
SIFCO Industries, Inc. Signs Definitive Agreement to Acquire C*Blade
M&A
25/03/2015SIFCO Industries, Inc. Signs Definitive Agreement to Acquire C*Blade

SIFCO Industries, Inc. announced that It has entered into a definitive agreement to acquire the Italian-based company C*Blade from Riello Investment Partners.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow