1. How To Upskill New Recruits And Provide Employee Development
India has long been a hub for some of the most creative minds, yet the rapid growth of unemployment indicates it's time to upskill job seekers and provide them with opportunity to learn and grow. In the midst of the increasing global unemployment rate, employee development remains one of the biggest concerns worldwide. Currently, in India, the rate of unemployment among youth is around 13 percent (compared to 4.9%, globally), according to various studies. We are at the onset of becoming the youngest country in the world, contributing 28 percent of the total global workforce. Yet, today, 15 million job seekers are not job-ready due to the lack of formal training. Our education system allows them to access only theoretical concepts, due to which many students are able to score well in exams, however, they lack practical knowledge. Bridging this skill gap remains to be of utmost priority and needs to be addressed immediately by reshaping, restructuring, and reforming the traditional education system. There are various approaches to develop industry-specific skills among graduates and unemployed youngsters, such as providing them with the right learning environment during the training period, with deliverables and tasks, and connecting them to mentors, who can guide them on job requirements and other aspects of a job, etc.
2. Buckle up, HR: L&D is about to get really exciting
The days of off-the-shelf templates, standard workshops and mandated employee training are vanishing, as pandemic-driven shifts create new expectations for development on the part of employees and change how, where and what employees need to learn. In response, many HR professionals are abandoning practices born in the industrial era and developing new ways of learning that aren’t just customized, but cross silos and motivate employees to want to learn more.
3. Knowledge Is Power: Why L&D Industry Needs Better Analytics.
For the success of any organization, it’s imperative that employers offer employees upskilling and reskilling opportunities. Effective workplace learning and development (L&D) programs help sales representatives understand product messaging and close deals; workers in the financial services field learn new regulatory measures; and healthcare workers understand the latest protocols and research, to name just a few industry applications. Yet, many organizations still deliver professional development and training through outdated methods – virtual or in-person instructor-led training, eLearning, self-paced courses, etc. – that don’t effectively engage employees, enable them to retain critical knowledge, and have little effect on day-to-day job performance and overall business outcomes. Not to mention, these methods of learning don’t provide business leaders with the in-depth analytics needed to determine if their employees are actually retaining the information they’re learning. Businesses use data to make critical decisions every day, and it should be no different for L&D programs. Real-time analytics that thoroughly describes employee performance based on the information they’re being trained on is paramount for business success. When an employee is having difficulty at work, the best way to address the issue is directly with the employee.
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