Skillnet Ireland is calling on businesses and industry bodies to make training, upskilling and development a top priority in their organisations.
It comes as today (May 20th 2019) marks Europe’s first International Human Resources Day; a day to celebrate how the HR profession helps drive business success by attracting and developing the right talents and helping people to grow.
A recent survey by CIPD found that 84% of Irish organisations are struggling with skills shortages in their sector, with IT, customer services and financial services worst affected.
Skillnet Ireland, the national agency responsible for the promotion and facilitation of workforce learning, has outlined five reasons how training, development and upskilling will lead to an organisation’s growth and success.
“We want to ensure that your business has the skills it needs to thrive,” said Paul Healy, Chief Executive of Skillnet Ireland.
“Regular upskilling of staff is critical to having better-run, more-effective companies that can respond to the diverse demands of an ever-changing business environment. Skillnet Ireland currently supports over 15,000 companies nationwide by providing a wide range of valuable training and learning experiences to over 50,000 people. Talent is the lifeline of any organisation and that’s why we would encourage companies to get in touch with a Skillnet Network and see how we can help future-proof your business,” he added.
Top Five Reasons Why Upskilling Matters
- The Workplace is Changing
Digital innovations are affecting every organisation and nearly every employee these days. Automation has had an impact on a range of jobs resulting in skills gaps and the requirement to upskill. Those who could do their jobs without strong technical abilities just a couple of years ago must now use an array of technology tools in their everyday tasks. Finding and developing people with digital business skills is not just a priority in IT, but across the organisation.
Thanks to digital innovation, uniquely human skills such as leadership, creativity, strategic thinking, collaboration, empathy and commercial awareness are becoming more prized by employers. Companies will need people competent in these areas more and more for the future workplace.
- Employee Expectations are Changing
As Ireland reaches full employment, employers need to ensure they attract and retain the best talent. For many employees, continuous development and upskilling opportunities is not just a bonus, but a requirement. Professionals know that they need to invest in lifelong learning and develop their skills if they want to progress in their career and stay relevant in the workplace. Studies have shown that companies who provide employees upskilling opportunities have a more engaged, motivated and productive team.
- Training Fuels Motivation
Training and development programmes boost morale, employee satisfaction, and succession planning. Any time you invest in your employees by providing or supporting upskilling opportunities, they feel more valued, and in turn, grow more loyal to the company. What’s more, when your employees learn new skills, they put themselves in a position to take the next step on their career path with the company, and that’s a win-win: The employee gets a desired promotion, and the organisation gets to fill an important position with an experienced, skilled worker.
- It Boosts Revenue
Though upskilling programmes can cost money, they also provide strong ROI. Skillnet Ireland’s 70+ networks nationwide provide heavily subsidised training and development programmes. Upskilling helps businesses stay competitive, become more efficient and can help increase productivity.
- Retain Your Best Talent
Upskilling increases employee satisfaction. Employees who feel like they don’t have the opportunity to grow and move up at their company tend to leave for other opportunities. That means you have to replace them, and the costs involved in the recruitment and hiring process are high, from advertising the position to potentially paying a signing bonus to the new person. And that’s not even taking into account the time it takes to train the new person once they’re on the job, and the loss of knowledge and experience the former employee took with them when they left.
For more information on how Skillnet Ireland can help your business or industry, visit www.skillnetireland.ie