What is Reskilling?

Importance of reskilling

The need for reskilling has increased in recent years due to rapid technological progress and changing labour markets. Many jobs that were once considered stable and secure are now being replaced by automation or offshoring. Employees must therefore learn new technologies, adapt to new processes and systems or develop new skills in order to survive in the labour market.

Advantages of reskilling

For individuals
Reskilling offers individuals the opportunity to adapt to changes in the labour market and improve their employability. By acquiring new skills, they can increase their career opportunities and prepare for future challenges.
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For companies
Reskilling can also be of great benefit to organisations. A workforce with diverse skills and competences is more adaptable and productive. This helps companies to remain competitive and combat the skills shortage.

Implementation of reskilling

What is the best way to proceed?
1) Needs analysis: Identify the competences that are increasingly in demand in your industry or company.
2) Training programmes: Develop tailored training programmes that meet the needs of your employees.
3) Support and resources: Ensure employees have the resources and support they need to be successful.
4) Continuous training: Promote a culture of continuous learning to ensure employees are always up to date.

Examples of reskilling

Technology company
A large technology company offers its employees a reskilling programme that includes training and development opportunities in new technologies such as artificial intelligence and machine learning. This helps employees to update their skills and remain competitive in the labour market.

Government initiatives
A government agency is running a retraining initiative to help employees in declining industries. This initiative provides funding and support to retrain workers in high-demand industries such as healthcare and renewable energy. This helps workers to adapt to changes in the labour market and improve their employability.

Differentiation between reskilling and upskilling

Meaning of reskilling
Reskilling means acquiring new skills or updating existing skills in order to adapt to changing labour markets and technologies. It is about preparing for new tasks and roles.

Upskilling Meaning
Upskilling means deepening and expanding existing skills in order to improve in the current role. It is about improving your own competences and developing yourself further.
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Conclusion: reskilling as future skill

Future readiness means the ability to adapt to future challenges and changes. This includes the willingness and ability to learn new skills and adapt to new technologies and labour markets. Reskilling is crucial to remaining competitive in the modern world of work. Reskilling offers numerous benefits to both individuals and companies and is an important step towards ensuring future viability. Employees and companies can meet the challenges of the skills shortage and digital transformation through targeted training and development.

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