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FACULTY OF COMMERCE

TOPIC: UP SKILLING AND RE- SKILLING HUMAN RESOURCE

HUMAN RESOURCE MANAGEMENT

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Prasiddhi Khanna (137)
Preeti Chaurasia (138)
Preeti Jaiswal (139)
Preeti Singh (140)
Preeti Singh (141)
Prince Priyadarshi (142)
Prince R Singh (143)
Prisha Srivastava (144)

Presented By:-

(GROUP VIII)

PRESENTED TO:- PROF. S C DAS

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“THE ILLITERATE OF THE 21^ST CENTURY WILL N0T BE THOSE WHO CANNOT READ AND WRITE, BUT THOSE WHO CANNOT LEARN, UNLEARN AND RELEARN”

- ALVIN TOFFLER

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UP SKILLING

Up skilling is a workforce trend that facilitates continuous learning by providing training programs and development opportunities that expand or upgrade an employee’s abilities and minimize skill gaps.

Up skilling focuses on current employee’s skill sets, usually through training, so they can advance in their jobs and find different roles and opportunities within the company.

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RE SKILLING

Re skilling is learning new skills to keep up with the changing demands of work or apply to a different job. Reskilling is the buzzword in the employment market today because of automation. Reskilling is usually an activity that organization undertakes for the entire organization or team.

It can also be taken up at an individuals level by employee themselves to improve their productivity.

Reskilling requires organization to identify their employee’s future skills and compare them against their existing skill levels.

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Needs Of Upskilling & Reskilling

1. Growing Digital Technologies and Innovation:

These includes:

Digital Transformation
New Job Roles
Automations

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2. Shortages Of Skills

Some of the skills are-

Complex problem solving
Coordinating with others
Emotional intelligence
Judgment & decision making

3. Enhance Business Success

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UPSKILLING V/S RESKILLING

ON THE BASIS OF MEANING :

Up skilling refers to an employee learning additional skills to be better equipped to do his/her job.

Reskilling refers to an employee learning a new set of skills in order to perform a different job.

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ON THE BASIS OF SKILLS :

In Upskilling ,employee’s improve their existing skills and learn skills related to their current job position.

In Reskilling , employees learn a new set of skills ,which is not related to their current job position.

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ON THE BASIS OF CAREER CHANGES:

Upskilling does not usually change in career.

While Reskilling involves a change in career.

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How Companies Can Use Upskill or Reskill

for Today’s Workforce

In Pre Pandemic – 87% of surveyed executives said their organization experiencing skills gap

The rise in COVID-19 embrace digital platform

Preparation and proactivity over reactivity

Estimate suggested that 375 million workers worldwide will have to switch occupations or learn new skills by 2030

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COMPANIES LEADING THE WAY

AMAZON
PWC
AT&T
JP MORGAN CHASE

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OBJECTIVES OF UPSKILLING & RESKILLING

PRIMARY OBJECTIVES

SECONDARY

OBJECTIVES

Employee learn new skills or enhance an existing one

Variety is the key to career growth
Job Security
Better utilization of resources
Builds a learning culture
Scope of growth

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JOB EMERGING

JOB DISPLACED

JOB TRANSFER

SKILL GAPS

RESKILLING

UPSKILLING

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IMPORTANCE OF UPSKILLING

Boost Productivity

Make changes within an organization easier to handle

Leads to increase customer satisfaction

Create a culture of learning

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IMPORTANCE OF RESKILLING

Reduce the cost of filling new roles

Help you to retain your best talent

Adopt a skill development platform

Prioritize the most essential skill

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OBSTACLES IN UPSKILLNG & RESKILLING HUMAN RESOURCES

Staff being pinched by competitors

Incurred high cost

Resistance to change

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Time is real bottom line

Hard to learn during a crises

Where’s a good place to start

Learning doesn’t have result overnight

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VARIOUS WAYS TO UPSKILL & RESKILL HUMAN RESOURCES

Align with goals and expectations.

Make retraining and up skilling accessible.

Aim for personalized learning.

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Prioritize employee engagement.

Consider outsourcing content creation.

Support yourself with technology.

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Involve managers

Use people analytics

Reinforce the learning

10.

Promote continuous upskilling and reskilling

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CHALLENGES OF UPSKILLING

Upskilling means increasing the skills and knowledge an employee already has in certain area to new level, but performing such tasks is challenge for the organization and thus some of the major challenges of upskilling which an organization have to deal with are:-

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KEY CHALLENGES ARE:-

Finance

Time

Navigation and Support

Lack of alignment

Lack of support

Career Coaching

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CHALLENGES OF RESKILLING

Unfortunately many companies struggle with reskilling with some downright failing in it.

McKinsey suggest that many reskilling efforts are unsuccessful because they are not practical. There’s just no real connection from the expensive training to the new job and the teaching is far to the theoretical.

Another theory is the company still don’t know how to understand their workers current skill, articulate the skills they will need in future and figure out how to connect the dots between the two.

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