According to a new survey, most companies say they would rather take the time to upskill current employees than hire new workers. Among other insights:
- 60% of hiring decision makers say they plan to reskill workers by the end of this year. Larger companies were more likely to say they have a focus on reskilling.
- The most common reskilling plan involves offering company-led training sessions or programs (67%), partnering with a third-party that offers training or courses (51%), and providing on-the-job training by other employees (50%).
Every staff decision is based on employee productivity and development, but many employers are choosing reskilled because they believe it leads to improved longevity and starts with people who already know the organization. At the same time, reskilling makes sense in a market where there is a shortage of applicants for various positions.
