programs are crucial for looking to stay ahead of the competition in a quickly changing market. Employees are essential to the success of a company, and if their skills are not in line with the industry standards, their productivity will falter, along with the overall company’s performance compared to competitors. This clear importance of employees maintaining a strong skill set is shown by the fact that 42% of C-suite executives cite talent shortages as a major obstacle to adjusting to new technology and market demands.
Tailored training plans that are in line with industry trends and corporate objectives improve worker productivity. These programs can be made more effective by using the insights driven by AI and industry experts and customizing them to target specific skill shortages. These customized training programs with targeted skill enhancement can result in a 24% boost in revenue per employee.
There are usually three categories of training programs including reskilling, upskilling, and onboarding. New hires can become adapted to the company’s processes and culture by building their foundational knowledge during onboarding. Upskilling trains employees in new skills that will be required for their current roles. Reskilling improves an employee’s current skills to make sure they are in line with changing industry standards.
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