Retrain Workers Now For Your Future Business
Look around your organization. Do your employees possess the skills needed to lead your business into the future? Mostly likely there are a few but the tendency is to hire new employees who bring the needed skills. In fact, 62 percent of executives believe they will need to replace more than a quarter of their workforce between now and 2030 due to automation and digitization. However, "upskilling," or teaching new skills to your existing employees, can be a better and more affordable option, while building engagement and longevity with them.
Upskilling programs can't be one-size-fits-all. Each employee has a different learning style, a different schedule and, potentially, a large amount of information to learn. In this issue of Promotional Consultant Today, we'll share suggestions for developing employee retraining programs from Daniel Newman, CEO of Broadsuite Media Group.
The Best Retraining Programs Engage and Teach. Studies have shown that the most effective training programs combine engaging elements with specialized training modules. These modules should have online options as well as in-person instruction that focuses on completing skilled tasks. This training should also include digital and physical simulations for real-world, hands-on education. Digitizing the process and using technology like Augmented Reality (AR) and Virtual Reality (VR) can achieve effective results with lower cost to the company.
Personalized Learning For All. On top of engaging learning programs, technology can make it possible to tailor programs to the needs of specific individuals. Part of the capabilities of machine learning happens in the back-end where voice recognition and patterns live. As employees are going through the training program, it recognizes who is using the program and adapts to their specific needs. Employees can experience personalized learning that continues to adapt to their specific learning styles. They can also get real-time feedback based on their performance. This personalized learning fills those gaps on an individual level, boosting confidence and morale. This kind of tool replaces those boring modules that are a pain to implement.
Pattern Building For Retention. Learning is only the first step. After all, have you truly learned anything if you have no ability to recall that information and put it into practice? This is where training reinforcement through pattern building is essential. Most companies struggle with this, seldom reinforcing the information given to a new employee after the initial training.
To be effective, employees must practice these skills they have learned in order to retain and use them. Intelligent applications can be used to improve retention by helping employees to produce patterns throughout their daily work. Once a pattern is established, new techniques can be implemented without confusion and strain. It is all about retraining without huge effort on your end and a new possibility thanks to Artificial Intelligence (AI).
Measure ROI Through Learning Success. Using technology for reskilling and retraining allows organizations to gather data on both the employees and the training effectiveness. This data also allows the organization to determine the ROI per employee for retraining. This will help you tailor your program to meet the unique needs of your business while remaining productive, efficient and cost-effective.
Planning For The Future. As AI is permeating many aspects of our lives and businesses, digital transformation is taking hold and we must do everything in our power to keep up. Our employees are the future of our business and must be skilled in these areas of technology to keep us competitive. By starting now, you are ensuring your employees are receiving the education through retraining programs they require to be successful for themselves and for your business.
Source: Daniel Newman is CEO of Broadsuite Media Group, a principal analyst at Futurum and author of Futureproof.