Today, upskilling is necessary. Budgets for L&D have increased dramatically for 67% of the L&D teams. Additionally, some businesses are now investing up to $5000 in learning and development for each employee. But it’s still difficult to gauge how well L&D programmes are working. The number of hours of upskilling content that participants in the initiative consumed was traditionally tracked by L&D managers, but that is not a useful statistic to gauge success. Upskilling tools have a role in this. The best platforms for upskilling will not only let you monitor the conventional metrics but will also assist you in conducting training requirements analysis and identification, identifying crucial skills for business expansion, and calculating the precise return on investment of L&D activities.
In today’s fast-paced and ever-changing job market, staying relevant and competitive is more important than ever. With new technologies and job roles emerging at an unprecedented pace, it’s essential to continuously learn and adapt in order to stay ahead of the curve. This is where upskilling platforms come in – they provide the tools and resources needed to acquire new skills and advance your career.