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Why it's important to upskill your workforce | SAP Insights

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Unfortunately, there’s no repeatable guide or blueprint for successful training, as every company’s needs differ at any given moment. Since March of 2020, e-commerce companies have scrambled to hire and upskill workers to improve performance and meet demand, while entities like utilities were already in the throes of reskilling – giving employees enhanced or more strategic responsibility as smart technology was introduced to do routine, manual tasks that previously commanded too much of workers’ time. Although the specifics and intensity of training efforts have varied from sector to sector, the COVID-19 crisis has forced companies’ hands. Reskilling and upskilling are no longer buzzwords just to talk about; they’re efforts that must be undertaken, and quickly at that. A host of qualitative and quantitative research shows that companies are waging a talent war, aggressively recruiting candidates with the same or similar skill sets. For some jobs, it might be cheaper, faster, and more e

Workforce needs are changing rapidly as modern automation and artificial intelligence (AI) transform industries. New technical skills are displacing manual jobs in fields like manufacturing, data processing, and retail. Meanwhile, new technologies are making familiar tools in areas like software development, science, and engineering obsolete. This makes it more difficult than ever for employees to keep up. New hires aren’t enough to fill this vacuum for many businesses, as labor pools have the same skills gaps. Companies can’t grow without qualified talent. In this climate, upskilling and…

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