by PRP Group, on 10/24/2024
Why should companies offer employees the opportunity to learn new skills and earn credentials that validate those skills? First of all, upskilling plays a key role in employee retention. According to a recent article in Forbes, “If their employers do not keep pace with the demand to provide training, learning, and development opportunities, approximately 41% of employees have plans to leave their employers next year.” That’s a sobering figure if you take into account that replacing an employee who leaves because they don’t see opportunities for upskilling can cost your company as much as twice their annual salary.
And then there’s the growing presence of AI in the workplace, which is creating uncertainty about what tasks can be automated and what must be done by a human. In this time of transition, offering credentials in durable skills such as critical thinking, creative problem-solving, and collaboration is a way to upskill your employees in an intentional, rigorous way that satisfies their need to learn — and makes them more valuable to your company.
