Upskilling Helps In Tackling The Great Resignation
The Great Resignation, although an unfortunate trend, is here to stay because employees have discovered the comfort of working from home. Moreover, employees are changing jobs because they have put so much effort into upskilling and want to reap the rewards.
Why Was Upskilling Needed?
There are many domains where the pandemic has led to digitalization. This is because companies didn’t want to lose their customers and hence had to rely on modern selling platforms. Therefore, the nature of many jobs changed due to the use of technology like never before. Even companies who were not eager to implement technology had to do so because they didn’t want to be left behind.
Businesses are also hiring quickly now because they require those who are technologically self-reliant. So, people who are upgrading themselves are getting better jobs. Well, companies can stop such a flight of employees when they decide to implement new technologies and train employees for them. These are the major features of the Great Resignation:
Mid-Level Employees Are Quitting Their Jobs
The trend of quitting their jobs for better paying opportunities is happening among employees in the age group of 30–45 years. This is quite astonishing given the fact that people in this age group tend to cling to their jobs. They are resigning because they are getting preference owing to their higher skill levels, while people in the age group of 25–30 years are not getting such opportunities. Companies don’t want to hire less experienced people at lower costs. After all, the latter require training.
The Rise Of Startups Has Also Fuelled The Great Resignation
Companies need skill development if they don’t want to lose business to startups that are offering better-paying opportunities to mid-level workers. Either a company should be willing to pay more to retain those workers, or they should train employees with 2–3 years of experience through eLearning to bring the latter up to par with the experienced workers.
Companies also need to understand that due to the pandemic, employees have become used to living life without any work and salary, especially in those countries where social security is available for the unemployed. Such employees can be brought back to the workforce with better jobs that offer them flexible work options and additional training too.
The Only Way Out Of The Great Resignation: Train Junior Employees
However, companies should be prepared to train employees with less experience. An LMS can be used for such purposes. Using the LMS, courses can be assigned to employees after assessing them. Many companies are offering real-time support to employees for better job performance. An LMS can be integrated with tools such as a CRM to get knowledge about employee knowledge gaps, and then, to upskill them. More and more job postings are now offering on-the-job training to employees. This is why companies can’t delay training if they want to hire the best.
Competition Among Companies Has Also Made eLearning Inevitable
Companies will have to use eLearning as a measure to tackle the Great Resignation because employees have said repeatedly that it is the Learning and Development offered by a company that makes them stay. When employees are trained for their jobs, they grow professionally in terms of their skills and, hence, get greater job satisfaction. Implementing an LMS is essential because you can also become more accustomed to handling a well-skilled and adaptable workforce with it in the future.
With digital innovations becoming an inevitable part of our world now, and their pace even accelerated by the pandemic, companies have to be continuously dependent on eLearning for training employees. They have to make sure that their employees are agile and can work with any kind of technology, this is why using an LMS is pivotal to success now. You can’t wait to use new technologies because someone else is not using them as yet. Companies now have to be leaders, not followers.
How An Extended Enterprise LMS Can Help In Training And Implementing Digitalization
Every business, be it aviation, BFSI, pharmaceuticals, or FMCG, is opting for newer technologies, and hence eLearning is a must to stop the less experienced workforce from quitting due to lack of knowledge about the same. An LMS can help businesses with features such as easy content authoring and social learning, which are a must for getting employees to use eLearning. Localization is also present in an LMS and allows the learners to watch and read the content in their preferred language. With an extended LMS, it's also easier to hold virtual sessions for employees.
Such an LMS is beneficial for employee growth in large organizations which have also implemented other systems such as a CRM. Once the employees have accessed the CRM and think they need more information to handle a customer query, they can easily log in to the LMS without using another set of credentials. Although a single sign-on is given to employees, only some of them can access everything on the LMS because their username is given only certain privileges. Hence, companies can tackle the shortage in the workforce caused by the Great Resignation by training junior employees to take mid-level roles, by increasing their skills/upskilling them.
