Retraining - a Solution for Successful Business Growth

Organizations of all kinds are finding that, with the fast changing work environment dominated by constantly evolving high tech solutions, their workers are having difficulty keeping up. Workers are running to keep up with technology changes and it is affecting productivity.

Some companies solve this issue by laying off workers and finding others with the desired skillset. This becomes very costly and demoralising for their workforce and is not a sustainable solution. 

The more efficient option is to retrain workers to adapt to new technology to build a skilled and loyal workforce. 

Investing in workers pays off

One of the best way to create a dedicated workforce is to invest in the people that you already employ. As the skills needed in your business transform alongside technology evolution make a plan to upskill your workers to ensure your business keeps pace.

Recruiting new employees is a costly process, both in time and money, and it interrupts productivity as they settle into their role. When you train workers that are already familiar with your systems, products and culture your business will experience an easier transition when adapting to new technology and equipment.

Employing to train

Another way of dealing with a skills shortage is to look at employing people with strong skill sets that may not exactly match what you need but indicate that the person is adaptable and able to be trained to undertake a particular role.

You may consider returned servicemen/servicewomen who have worked in specialised fields and look at how they can be trained to fit in your organisation. They are used to adapting quickly and efficiently and are a great asset to any business.

Young people that are enthusiastic and have skills but not experience, people with disabilities, older workers and even ex-felons are all groups that you can consider retraining to boost your business.

Keeping your business on track

Whilst it is almost impossible to predict where technology will lead us as we become increasingly connected it is worth looking at trends and planning for the future. Ongoing training for workers is a smart move for the forward thinking business. 

Encourage workers to grow as your business does and support them in improving their weaker skills whilst developing new ones. When you need additional employees, consider retraining skilled individuals that just may be invaluable when it comes to growing your business in the long term.

 

ChangeU: For your independent study….

IBM Is Using An Unusual New Tactic To Retrain Its Employees Instead Of Laying Them Off - http://read.bi/1tCkwBN

Why Top Young Managers Are in a Nonstop Job Hunt - http://bit.ly/1pQuRPS

7 in 10 Employees Value Skills Training More than Degrees - http://bit.ly/14cIlLY

Workplace survey - http://bit.ly/1yyAEZz

Why Some Companies Retrain Workers, and Others Lay Them Off - http://whr.tn/1y2JHSi

How the 'Digital Skills Gap' Bleeds $1.3 Trillion a Year From US Businesses - http://entm.ag/1tZHszH

Developing a training plan for your employees - http://bit.ly/1sg3qdH

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References

3 Content Marketing Trends That Will Rule 2018

2015 TechTarget Media Consumption Report: Guided by content – How IT buying teams navigate through the research and purchasing process