Upskilling is an industry term that is becoming more and more popular, but what does it actually mean and how can you benefit?

For starters, upskilling in the industrial sector “refers to the process of individuals learning a new skill,” according to Forbes.com. Essentially a way for an employee to learn a new skill in an effort to advance them in their career or increase eligibility.

Technology has created new possibilities that can be fully realized only by a modernized workforce. That means the workforce must learn new skills and competencies that are required for new and/or changing jobs.

Forbes

Upskilling is gaining popularity as older generations, specifically Baby Boomers, are starting to leave their positions and retiring, leaving open availability to typically less skilled younger generations as creating a skills gap. In addition, the workforce has changed over the years and younger generations are often not given the same opportunities to study and learn about certain professions, they, as well as their employers, are taking matters into their own hands through upskilling and participating in training sessions to help advance and further their careers.

Scenarios Where Upskilling Can Lead to New Opportunites

• Personnel looks to promote from within: more skills means more opportunities for growth in your profession
• Increased automation in the workforce: being able to integrate and work with new technologies can lead to more responsibilities and earnings
• Upskilling allows you to seperate from the pack: the more diverse your skill-set, the better you will be at addressing your employers present and future needs

Why Increasing Your Skillset is Important

So, aside from the potential to learn more and further your career, why else dedicate time to learning a new set of skills? Dedicating time towards enriching your skills can earn you a raise as you’re now more equipped for the position, it can make you more eligible for a promotion, and it can even help you make a career change and learn more about a career path that you’re interested in. Overall, it’s a great way to improve yourself and give you more power to negotiate.

With so many resources such as Skillshare, Udemy, and more it is easy to upskill in any industry. It’s best to take some time to learn what skills would be most beneficial for your specific career path and how you can learn those skills.

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