Upskilling is the new trend. We all should follow this trend because it’s helpful for one's growth. But the question is what Upskilling really means? We must have heard this word a lot recently. It is the process of learning new skills to enhance the skill and enhancing competencies.

In today’s time when everything around us is upgrading, it is very important to keep learning and upgrading our skills. With technological advancement and the emergence of artificial intelligence, upskilling has become a buzzword. 

In the current scenario, companies are investing heavily in their employees to enhance their skills so as to increase productivity and survive in high competition. To achieve something higher, upgrading knowledge and skills is a necessity. Everything around us is changing at such a fast pace that it has become very important to go hand in hand with all these changes. 

Upskilling and reskilling not only help you to grow within the workplace but also helps you to stand out in the crowd. After the past years, enhancing one’s skills have become important than ever. Below, we will know why this buzzword has become an important part of the success journey.

1. IMPACT OF COVID-19 

The pandemic had detrimental effects on people’s livelihoods and led to a sizeable reduction in the global economy. However if we look at the positive side and as history says, a global pandemic or major natural disaster is usually followed by a period of prosperity. Research says that many countries will face a post-pandemic boom. It shows many economic forecasters expect America’s economy to grow by 6%. The UK is set to grow fastest in the last 70 years. We can already see this happening in different parts of the world.

With all this growth and optimism, gaining new skills is a cherry on the cake. It will put us in a better position to take advantage of a stronger economy.

2. GROWING DIGITAL TECHNOLOGIES AND INNOVATION:

The pandemic has accelerated the growth of digitalization. While the whole world is shifting to digital platforms, it has become the need of the hour to upgrade and enhance our skills to put up with the changes that are taking place around the world. The Pandemic has also has led to a sharp rise in the development of new apps, systems and software. As a result, without a piece of proper knowledge, it becomes impossible to survive in this digital world.

3. SKILL SHORTAGE:

As the world is changing towards new technologies and digitalization, it demands new skills. This has become an emerging issue. There are many skills that are in scarcity within the workforce. Research also states that by 2030, more than 85 million jobs could go unfilled because there aren’t enough skilled people to take them.

Upskilling is a way to keep our skills and knowledge updated so that we could stand out among the crowd and work on the path of success. It not only helps in our professional growth but is also immensely helpful in personal growth. It helps us to go personally and also grow together.