As upskilling and reskilling are increasingly part of the workplace conversation, business leaders need to approach these programs as far more than short-term campaigns with perks to attract employees in a tight labor market.
Advancing employees’ skills should be viewed through the lens of their business objectives. When leaders can see a clear return on investment (ROI) for upskilling and reskilling, apart from just recruiting strategies for a competitive market, their commitment to learning and development (L&D) will become many orders of magnitude larger than what we’re seeing today.