Stay Ahead of Competition During Layoffs: Here’s How

On the job front, we are in an uncertain period. In recent months, tens of thousands of employees in India have been laid off. And the sword of layoffs appears to be still hanging. Employees are currently seeking solutions to maintain their position in the organisation. This is one of the reasons why professional development has become so crucial for working professionals across all industries. Several reports emerged in 2023 demonstrating that many leaders, whether inside or outside HR, now realise the significance of large-scale upskilling and reskilling efforts. However, as of today, the momentum could be faster.

Upskilling Course Types

Coding, data analysis, software development, and graphic design are examples of technical abilities. Soft skills include communication, teamwork, leadership, time management, and problem-solving. Healthcare, finance, education, hospitality, and retail-specific courses

Strategic planning, team development, communication, conflict resolution, and decision-making are all topics included in leadership and management courses. Many companies offer upskilling courses, including well-known names such as Coursera, Udemy, Coding Ninja, and Seekho.

Why is it Significant?

Technological advancements: As technology changes and evolves, so do the skills required to succeed in the workforce. Professionals must keep up with these developments to remain relevant and competitive. This includes improving their skills and knowledge.

Job market requirements: As the job market becomes more competitive, companies seek applicants with specialist skills and knowledge. Furthermore, economic instability has resulted in layoffs, making the employment market competitive. Upskilling becomes critical in this environment for professionals to remain relevant and competitive and boost their prospects of finding new career possibilities.

Personal and professional development: Upskilling can assist individuals in developing new skills and information, which can benefit their personal and professional development. Upskilling is frequently a cost-effective alternative for both people and companies. Employers can invest in upskilling their present staff rather than acquiring new talent or investing in costly training programs, which can be more efficient and cost-effective in the long term.

Employer support: Many firms recognise the need for upskilling and provide financial assistance to employees who pursue training and development opportunities. Tuition reimbursement, paid time off for training, or access to online learning platforms may be included. Organisations are partnering with upskilling organisations to provide training opportunities to employees, recognising the need of the hour. At this critical juncture, it is essential for working professionals, as well as students, to begin their journey towards a brighter future. So, sharpen your skills before the competition does!