employees in entirely new skills to prepare them for adifferent position within the company. This concerns, for example, employeeswhose functions have become unnecessary due to technological advances. Throughreskilling strategies, companies are able to retain reliable workers and reduceemployee turnover by investing in the career development of their employees.Benefits of upskilling and reskilling employees Why should you develop andimprove the skills of your employees? Ideally, skills
development should be holistic, meaning it should focus onboth team and Bulgaria Mobile Number List individual performance. While an upskilling and reskilling plancan give your organization a competitive advantage, it can also help build theself-confidence of your team. Below is a list of reasons why your companyshould develop and upskill its employees. To adapt to market developments to change and keep up with markettrends. For example, your customers may expect future changes to your productfeatures. If you invest in the ongoing training of your employees and ensurethat their skills keep pace with changing market trends, you will likely haveless difficulty in providing your customers with optimized features of yourproducts. To analyze all skills upstream Upskilling and reskilling allowsemployees to identify gaps, behaviors and beliefs that might be hindering theirjob performance. They will identify these difficulties in achieving theorganization's objectives during self-assessments.

For example, your upskilling strategy may focus on bettercommunication or interaction between employees. By assessing their activelistening, employees will be able to determine whether they want to pursueleadership positions and, ideally, continue to progress. To requalify andretain your best employees If you launch an upskilling and reskilling program,your employees will feel reassured that you care about their personaldevelopment. This way, they will have the opportunity to think about developing
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