Don’t Stagnate, Choose to Grow – The Case for Upskilling

The definition of stagnation is the lack of activity, growth and development. So, if you are not supporting your employees in upskilling, are you stagnant? And what happens when you don’t continually train and advance the people within your organization?

Let’s take a look at what you’re risking:

· Losing your competitive edge (when employees have outdated skills)

· Increased turnover (usually of your best people)

· Increased recruitment costs (roughly $1000 in Canada for entry level employees)

· Lower morale (people want to be lifelong learners, especially Millennials and Generation Z’s – the workers of the future – 66% of people put upskilling and continued learning as a top 10 priority)

· Falling behind of technological advancements (stagnating!!)

· Failing to innovate (through lack of skillset and best employees)

“The only thing worse than training people and having them leave, is not training them and having them stay.” – Zig Ziglar

Continued education isn’t a lost cost – it’s an investment, in your employees and in your company. Did you know, according to a 2019 report by the World Economic Forum, that 54% of all employees will require significant upskilling within the next three years. Without this upskilling, issues will snowball. But, when trained properly, an organization’s team of employees will not only be more productive, resulting in a general increase of profit, but will allow for a sustainable growth of your company’s success. On the other hand, without the proper training, employees lack the motivation to perform at their highest level, productivity is low and because of this, the discontentment may spread to your customers. Happy employees = quality

product = happier customers. Don’t risk the consequences – train now, train often and watch how your business grows.