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Upskilling employees is the key to the future of work. Between the advancing technology, the skills gap, and the labor gap, upskilling is the only way to ensure your company has employees with the right skills to run your company competitively. In the 2020 LinkedIn Workplace Learning Report, 51% of companies reported planning to implement an upskilling program during 2021 . This investment in upskilling is coming at a perfect time because currently, at least 50% of jobs are at risk of significantly changing or becoming obsolete due to technological advances . In addition, The World Economic Forum reports that "By 2022, no less than 54% of all employees will require significant re- and upskilling" .
As technology advances and businesses adapt to improve their growth, productivity, and revenue, among other benefits of a digital transformation in the workplace, companies who are the first to adapt to the changes and implement an upskilling program will become the most successful. Two forward-thinking companies include Amazon and Google. Amazon announced its "Upskilling 2025" initiative recently. This initiative is a pledge to spend $700 million on upskilling programs with the intention of reskilling employees in burgeoning fields like machine learning and software engineering . Google is well into its upskilling journey. In 2016 they began a $1 billion IT initiative. This initiative was designed to upskill employees whose jobs would be disrupted or eliminated by technology . Amazon and Google recognize that a skilled workforce is a competitive workforce.
Not only is a skilled workforce more competitive, but it also experiences less turnover. This is a significant advantage to companies, especially those that are growing. According to Gallup, the cost of employee turnover is equivalent to 150%-200% of the employees' annual salary . Reducing turnover by upskilling employees is cost-effective and results in huge savings.
Check out the blog: Why Your Company Can't Afford NOT to Upskill.
How Can You Easily and Quickly Launch an Online Learning Platform to Upskill Your Workforce for the Future of Work?
Launching an online learning platform for your company may seem like a daunting task, but it is actually very simple. Your company does not have to develop and design a program on its own. This would be very difficult for a company to do without experience. The easy solution is to partner with an online learning platform provider and course creation company. By partnering with a company experienced in these fields, your employees will receive a world-class educational experience, and your investment will be worth it. In fact, a robust online learning platform designed to upskill – results in an ROI of at least 100% .
An online learning platform that will prepare your current workforce for the future should have these key components to upskill effectively:
An upskilling program is the most essential tool you can provide to your employees. Ensure to partner with a company that can deliver a world-class platform and helps your employees learn and grow with ease.
Amesite Offers a Single, Easy to Use, Scalable Solution
Launch a workforce training program that helps upskill your workforce and allows your company to stay competitive, fill open positions, and increase revenue.
Amesite is a high-tech AI-powered online learning platform. We specialized in scalable, custom branded online learning environments and content curation to meet employer's unique workforce training needs. Amesite's online learning platform is the key to upskilling your workforces and preparing your company for the future of work.
Amesite's online learning environment is custom branded to each specific company to build brand loyalty and meet the unique needs of the employer and their employees. We have subject matter experts who design innovative and custom content for courses that provide excellent value to your employees. Your custom branded learning platform can launch in as little as 24 hours, and a host of turnkey, self-paced, highly engaging, and intuitive courses can be ready for your company in as little as 30 days. Establishing a workforce training program has never been easier!
With Amesite, you can:
Amesite creates outstanding learning experiences delivered on its advanced platform, providing an excellent user experience for employees. A.I. and advanced analytics provides fresh content and creates an important context for learning. Partnering with Amesite to provide your workforce training program is a smart decision for your company. Amesite's unprecedented retention rate in the enterprise sector is 100%.
Let Amesite help upskill your workforce today! Request a Demo!
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[1-2] SHRM. Sept.16, 2020. Reskilling and Upskilling Your Workforce for the Post-Covid-19 Era. https://blog.shrm.org/blog/reskilling-and-upskilling-your-workforce-for-the-post-covid-19-era
[3-5] Training Industry. Aug. 7, 2019. Upskilling Employees for the Future of Work. https://trainingindustry.com/articles/workforce-development/upskilling-employees-for-the-future-of-work/
 HR Digest. June 13, 2021. WHY INVEST IN UPSKILLING FOR THE FUTURE OF WORK. https://www.thehrdigest.com/why-invest-in-upskilling-for-the-future-of-work/
 PWC. 2019. The Lost Workforce Upskilling for the Future https://www.pwc.com/m1/en/world-government-summit/documents/wgs-lost-workforce.pdf