The Importance of Reskilling Employees for the Future of Work

The Importance of Reskilling Employees for the Future of WorkA few months ago, nobody could have imagined a rampant virus shutting down the world and bringing the global economy to its collective knees. Yet, here we are, several months into the COVID-19 pandemic, and most of us still trying to adjust to this sudden and severe change to life as we know it. Organizations around the world have been forced to adapt to a new way of work, whether having to remain operational with a reduced workforce, quickly having to roll-out work-from-home strategies or some combination of both.

As the dust begins to settle, however, a new business need has begun to emerge. Business leaders everywhere are now recognizing the critical importance of being prepared and planning ahead. And one of the most effective ways to do so is to focus on reskilling employees to get them future-ready. Likewise, those individuals who find themselves unfortunately out of work due to the current crisis have the opportunity to position themselves as much more marketable and therefore more employable by learning and mastering new skills.

One of the biggest changes we are likely to see as the world returns to work is greater adoption of a hybrid workforce. That is, humans working alongside digital agents. Many organizations are expected to continue partial or possibly even entirely remote operations, especially after discovering that not only is work-from-home feasible, but it’s an incredibly efficient and cost-effective way to do business. Of course, this would not be possible without the right policies and technologies in place. That’s where reskilling comes into play.

Even before the current health crisis, innovative capabilities, like automation and artificial intelligence, were already causing a good amount of disruption to jobs and the skills human workers needed to know in order to remain employable. In fact, in 2017, McKinsey estimated that as much as 14 percent of the global workforce would either need to acquire new skills or change occupations by 2030 due to AI and automation. To put this into perspective, that’s some 375 million workers. Another recent McKinsey report revealed that 87% of executives said they were either expecting an increased skills gap in the near future or were already experiencing one.

This latest pandemic has brought this need to the forefront and made it much more urgent. Employees across almost every industry must find a way to adapt to the rapidly evolving conditions and organizations must figure out how to transition those workers into new roles and responsibilities. While the two go hand in hand, the “new normal” will ultimately be more about the role of AI and automation than it will about remote work. It will be about how business leaders across the board are able to retrain or upskill their existing workforce to prepare them for the post-pandemic reality.

To rise to this change, organizations must develop strategic talent strategies that include advancing and honing employees’ skills from a holistic standpoint. That means strengthening their digital capabilities as well as their cognitive, emotional and social skills. If there’s ever been a time for companies to commit to and invest in the education of their workers, it’s now. Focusing on this, along with investing in the right tools and technologies, will help bolster a company’s posture against future business disruptions.

Likewise, employees themselves should be taking this opportunity to further their skillsets and adapt to the changing landscape. Whether their employer is resistant to the topic of reskilling or they are one of the millions currently unemployed, individual workers would be wise to seek out available learning opportunities on their own. At a time when job security is virtually non-existent and the skills gap is widening, embracing intelligent automation will undoubtedly create opportunities for new positions in the future of work.

Whether you are an organization seeking to get ahead of the next potential crisis and strengthen your position in the marketplace of tomorrow or an ambitious individual looking to future-proof your career, Ayehu Automation Academy is a great place to start. Find out more about the academy and enroll yourself or your team today by clicking here. 

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