© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Building a Successful Upskilling Strategy
Posted 21st December 2020

Building a Successful Upskilling Strategy

How can businesses better support L&D in their organisations and build effective upskilling strategies to remain competitive?

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Building a Successful Upskilling Strategy
upskilling

Recent months, witnessing the unnerving theatre of the pandemic, has caused many businesses to review and revisit their skill availability across internal talent. One key insight unpacked from this has been the urgency to upskill and share existing expertise and knowledge across a business, especially disparate ones that have remote employees.

Skills, knowledge, and expertise – these aren’t static in a business setting. Rather, they need to be developed, refined, and shared. With swift and challenging economic changes afoot, the firms that seem to become more fortified, or resilient, against the disruptions are those willing to embrace upskilling as a strategy.

However, an astonishing 74% of CEOs are still concerned at a lack of availability of the right skills in their companies, according to PWC’s 23rd Annual Global CEO Survey.

Traditionally, upskilling is achieved through training or topical and knowledgeable seminars. Upskilling a workforce can seem a tricky feat. But CEO’s and other office managers can build strategies that captures this goal. Upskilling employees is about reinforcing existing expertise, while introducing new ones.

Your skill availability isn’t fixed, but rather fluid. What shapes the successful spread of expertise and knowledge in a workplace is policy and strategy. Furthermore, embracing new technologies can help you deliver an effective approach to upskilling. A roadmap to a greater skill availability in the office is never out of reach for those with a proactive strategy.

How can businesses better support L&D in their organisations and build effective upskilling strategies to remain competitive?

 

1)      Design a roadmap to skill discovery

Training programmes can be delivered to mixed results. Yet, with adequate pre-planning, training can become a useful tool for new skill discovery and acquisition, while closing down the ‘gaps’.

Through a focused approach, you can prioritise an upskilling strategy around those employees with niche or specialist expertise. If technology, or other external disruptions, pose risks on the skills shared between colleagues identify not only key people, but critical skills that could boost business performance.

Training courses should, of course, have strategic goals. But, ultimately, they should be built around people. This skills development process should include your HR team, which can be foundational in outlaying the right kinds of support. For example, building key policy that facilitates upskilling can establish a firmer framework for skill sharing. A firm might manage its resources accordingly, building out a company compensation and benefits scheme that nurtures upskilling and career development.

2)      Reflect on key learnings

The hopeful goal would be to nurture skills and expertise even outside of training courses. Lifelong learning is a no easy feat; but facilitating opportunities to continually, and proactively, learn is a practical and achievable goal that many businesses should aspire to.

Often a key mistake is to assume that learning ends when a training session expires. In fact, skill retention is much for effective for businesses that aspire to design roadmaps to upskilling and cross-pollinating expertise. Ensuring that employees who absorb new skills get key opportunities to apply, in-situation, these expertise and knowledge improves chances of retention.

After a training session, give the attending employees’ a chance to reflect on the key takeaways and allow them space to feedback into the process. Building a learning culture that features on its people is the best way to ensure skills are shared and reinforced.

 

3)      Embrace the right tech

Whilst upskilling is universal, the kinds of available investments can be very different. Big named companies like Amazon, Google, Microsoft, or Salesforce have committed financial resources to developing upskilling strategies through technology.

Where can I access these kinds of resources?

Start by reading new research and educational articles, found on platforms the likes of LinkedIn, GitHub, and other spaces Like Grow with Google, which unpack several digital skills amidst the growing paranoia of automation. Saleforce’s recent “Trailhead” app, for example, closes the knowledge gap of those wishing to learn about sales platforms.

The best tool for skill discovery is human interaction. Yet, technology can better facilitate this, especially where disruption from the pandemic has the potential to interrupt how we learn form one another. Communication platforms, such as Microsoft’s Teams, can not only ensure that that teams remain connected, but also that they have extra opportunities to learn from each other.

An upskilling initiative that centres on learning and development can be dynamic for an organisation. Training should be about people, and the kinds of skills a business wants shared and learned. Rather than fear automation, why not embrace technology as a means of facilitating, and distributing, skills in a workplace.

The article was written by Steve Cox, chief evangelist at IRIS HR Consulting.

Categories: Strategy


You Might Also Like
Read Full PostRead - Eye Icon
2016’s Most Innovative Hedge Fund Manager – Hong Kong
Finance
29/06/20162016’s Most Innovative Hedge Fund Manager – Hong Kong

Gen2 Partners (“Gen2”) is one of the leaders in customised Asian hedge funds for institutional investors and family offices.

Read Full PostRead - Eye Icon
JLL Advise Ankkurikadun Kiinteistöt’s Purchase of Properties in Finland and Sweden
M&A
08/07/2015JLL Advise Ankkurikadun Kiinteistöt’s Purchase of Properties in Finland and Sweden

JLL Advise Ankkurikadun Kiinteistöt's Purchase of Properties in Finland and Sweden

Read Full PostRead - Eye Icon
Checkers Industrial Safety Products Acquisition of Superior Manufacturing Group
M&A
28/04/2016Checkers Industrial Safety Products Acquisition of Superior Manufacturing Group

Superior Manufacturing Group, Inc. has grown into one of the largest integrated manufacturers of floor matting products in the world. Superior Manufacturing Group, Inc. is a market leader in mats for professional use under the brand Notrax® and can be found i

Read Full PostRead - Eye Icon
Social Media for Lawyers & Law Firms: What and How?
News
29/08/2023Social Media for Lawyers & Law Firms: What and How?

Social media is a pretty powerful tool when used correctly. And when used incorrectly or without much thought and planning, it will give you exactly zero leads and sales. Just having accounts on 5 social media websites and posting the same stuff on all of them

Read Full PostRead - Eye Icon
How to Identify and Prevent a Cyber Attack
Innovation
13/01/2023How to Identify and Prevent a Cyber Attack

Cyber threats and risks are evolving at an increasingly rapid scale. Businesses everywhere are failing to react quickly enough to malicious cyber attacks, and as such, they can suffer irreparable damage to finances, systems, data and reputation.

Read Full PostRead - Eye Icon
Country Style Cooking Announces Shareholder Approval of Merger Agreement
Legal
20/04/2016Country Style Cooking Announces Shareholder Approval of Merger Agreement

Country Style Cooking Restaurant Chain Co Ltd, a quick service restaurant chain in China, announced at an extraordinary general meeting today, the Company's proposal to authorise and approve the previously announced agreement and plan of a merger dated Decembe

Read Full PostRead - Eye Icon
The Stretch Zone, Deep Learning from the Inside-Out
Finance
08/06/2016The Stretch Zone, Deep Learning from the Inside-Out

I recently had the pleasure of meeting Richard, COO at a financial services organisation. We first met ten years ago on a talent and leadership programme where I was lead facilitator.

Read Full PostRead - Eye Icon
Ease The Load: Five Ways AI Can Assist Your Startup Or Small Business
Innovation
23/04/2024Ease The Load: Five Ways AI Can Assist Your Startup Or Small Business

Using AI in your marketing strategy doesn’t have to be overly complex, and it’s usually very accessible - with free to use tools such as Chat GPT.

Read Full PostRead - Eye Icon
How Mortgage Brokers Simplify the Process to Homeownership Credit Score and Mortgage Approval
News
05/01/2024How Mortgage Brokers Simplify the Process to Homeownership Credit Score and Mortgage Approval

In the journey to homeownership, few factors are as crucial as credit scores. A good credit score not only affects mortgage approval but also plays a significant role in determining interest rates and loan terms. For many potential homebuyers, understanding an



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow