can benefit from them to address a skills gap. Upskillingand reskilling through an online learning platform What we're going to talkabout What are upskilling and reskilling? What is upskilling? What isrequalification? Why should you develop and improve the skills of youremployees? How can upskilling and reskilling address the lack of qualifiedpersonnel? In conclusion According to our 2022 Business Interruption Study,more than a third (38%) of Canadian SMEs have experienced challenges related tolabor shortages . Employers can use several methods to counter the laborshortage; one of them is to invest in skills development and reskilling of bothnew entrants and existing employees. Additionally, according to our 2021Next-Gen Human Resources (HR)
Study, 44% of Canadian employees learned at least one newskill during the pandemic. In this context, implementing Bulgaria Mobile Number List upskilling andreskilling strategies would likely help employers retain staff and overcome theshortage of skilled labor. Businesses can leverage an online learningmanagement platform to create and deliver educational content to theiremployees. Now let's look at how upskilling and reskilling can help address theshortage of skilled labor. What are upskilling and reskilling? The Officequébécois de la langue française defines skills improvement and requalificationas follows: skills improvement : the process of learning or teaching newskills; reskilling : the process of learning or teaching new skills to be ableto do a different job. While both
upskilling and reskilling are associated with acquiring newskills, the context differs somewhat for each. Let's see this in detail. Whatis upskilling? This skills development can be seen as a strategy of trainingemployees in new and higher skills in order to compensate for the lack ofqualified labor. This allows team members to engage in continuing education andhelps them become experts in their chosen field. According to the Global FutureWorkforce Report 2022, 31% of employees (PDF) isa lack of upskilling and reskilling opportunities . The report further statesthat only 4 in 10 non-executives say they are satisfied with their company'sinvestments in skills acquisition. What is requalification? Reskilling is thetraining of
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