Reskilling & Upskilling Your Workforce for the Future World of Work in 2022
The last few years, with the help of the covid-19 pandemic The changing world of work seems to be moving faster than ever before, with skills that were once in demand may not be applicable to the demands of the current working landscape. Organisations that are looking to not only improve their current efficiency but their overall future as a business are aware of the necessity to reskill and upskill their workforce.
Almost all (92%) of certified Top Employers have a learning and development strategy in place in 2022, with 96% of them also continuing to have a learning and development framework. This commitment to creating an environment that is encouraging to employees reskilling and upskilling is supported by 94% of Top Employers having a defined learning and development culture.
In 2020 the World Economic Forum found that, by 2025, 85 million jobs globally will undergo a transition between human labour and machine automation across fifteen industries and 26 economies. While this change in the distribution of labour has been faster than previously expected there is still, according to the World Economic Forum, new era of work will create millions of new jobs that will require a new set of skills that will highlight the value of reskilling and, in the case of other employees, upskilling them. We will look more deeply at this trend in this article by defining and then examining what these terms mean in 2022 and beyond.
What is Reskilling and What is Upskilling?
Reskilling is simply the process of an employee learning a new set of skills and responsibilities to help them undertake a new role in their current organisation. The process of undergoing reskilling is usually lateral learning experience that allows people to make a smoother transition in their career journey.
In contrast, upskilling is the learning and development process for an employee to improve their skillset to improve their effectiveness at work. This involves giving an employee the opportunity to develop and advance a particular skill, or set of skills
Reskilling and Upskilling as Top Priorities in 2022 with an Eye for the Future
As the need for new capabilities and skills increases with the changes in the workplace continuing at a faster pace than ever, reskilling an upskilling can offer an organisation a way to develop the skills needed to ensure that they remain competitive without needing to hire for each new role. The ability for companies to retain their current workforce is not only good for their financial outlook but is also good to deal with employee’s new needs that have come as we enter the ‘new normal’ way of working.
Reskilling and upskilling are useful for employees to help employees transition within the organisation. Acknowledging that this is necessary for the future and starting to do the work to put it in place are two different actions.
The first thing an organisation should begin with is analysing where upskilling or reskilling an employee or a set of employees could help meet changing business needs. This analysis work is particular to each organisation, and as such is not something we will dive into in this article, it is work that will guide how to approach the next steps. It must be reiterated that upskilling or reskilling should be tethered to an organisation’s needs and goals.
The second step that an organisation should do is get to the organisation to structure and standardise their upskilling and reskilling efforts. This can be done by building a skills framework but if an organisation already has a learning framework it can be integrated into that structure. It can take many shapes but if an organisation wants to take reskilling and upskilling its employees seriously it needs to be understandable for the whole organisation in whatever form it takes.
Creating a culture around learning is the final step to making reskilling and upskilling a reality. It will need engagement and excitement around learning to fully benefit. Additionally, there will need to be leadership buy-in to create waves around reskilling and upskilling.
Reskilling and Upskilling Benefits
For the Organisation
- Retain your best employees
- Develop your employees’ skills
- Reduced training and hiring costs
- Increase workplace moral
- Improve the reputation of the company
For the Employee:
- Keep stable employment
- Personal growth
- Professional growth through lifelong learning
- Upward mobility through role diversity
Final Thoughts
Reskilling and upskilling are not only business prioities for now but also for the future. Organisations will need to adapt with their workforce for the changing landscape of work.
The tips are often small but have a big impact
How do you make use of the Top Employers Community?
Since being certified by Top Employers we have been building relationships, not only with the Top Employers Institute, but also with other certified Top Employers. There is a network of organisations willing to share, help one another to progress and learn from each other. I have been brought into contact, via Top Employers, with organisations with more extensive expertise on employee well-being, which has led to virtual workshops on mental health.
How do you share successful practices and processes (with other Top Employers)?
I had the opportunity to be a guest speaker twice, to share my expertise on Talent Acquisition and D&I. Whether I’m on stage or in the audience, after a Connect & Share session I am always inspired and eager to implement what I learn at PageGroup.
How has the Top Employers community contributed to your development?
Being amongst other Top Employers gives me a sense of pride in my work at PageGroup. Reflecting on the practices of other Top Employers helps me to reflect on PageGroup and act upon what we could improve. The tips are often small but have a big impact.
Case Study: Talent, Borders and Benchmarks – The Dana Way
Certified Top Employer, Dana Hungary Kft., is a global leader in the design and manufacture of highly efficient propulsion and energy-management solutions. It supports nearly all vehicle manufacturers with drive and motion systems; electrodynamic technologies, including software and controls; and thermal, sealing, and digital solutions. In 2018 they, thanks to the benchmarking benefits of the Top Employers Institute’s programme, were able to get continuous insights and visibility on their employees’ needs.
As they did, they realised that they needed to provide their employees with an international mindset/approach to the job. In response to this challenge, they launched a programme that allowed employees to take on three to six-month assignments in a different location that allowed them to develop a wider cultural and professional knowledge.
Download the Case Study to learn how:
- Dana Hungary implemented their ambitious plan and how their employees responded to the programme.
- The organisation effectively resumed the programme after it had been temporarily suspended during the covid-19 pandemic.
- The model has become a benchmark for the wider organisation as other offices look to replicate the success of the programme in their offices.
Download the Case Study to learn more.
Supporting your talent strategy with Big Data
How can HR analytics and specifically big data be used for talent management?
That is what exactly Certified Top Employer Saint-Gobain discussed in a recent Top Employers Connect webinar. In the latest of our ‘For a Better World of Work’ series, we were joined by Jan Billekens, Manager Group HR Efficiency at Saint-Gobain and Alissa Hankache, Ph.D., Global HR Auditor at Top Employers Institute.
Read ahead to get a snapshot at some of the highlights from the webinar and fill in the form (on the right-hand side of the page) to get the recording to watch whenever you have a moment.
Companies use AI in people-related decisions for many reasons, including consistency, reduced bias, casting a broader net, and efficiency.
Data scientist Cathy O’Neil explains in her book “Weapons of Math Destruction” that algorithms and AI are easy to create using historical data and can improve the efficiency of decision making.
Data from TEI shows that among certified companies:
- In 87% of cases, HR supports business with people analytics.
- And in 88% of cases, business leaders are committed to using HR data analytics for fact-based decision-making about the workforce.
Approaching HR with analytics
With more than 166,000 employees, located in 75 countries, and a shared purpose of “MAKING THE WORLD A BETTER HOME”, Saint-Gobain is certified as a Global Top Employer since 2016. After internal reflection and deliberation, Saint-Gobain was left with one big question:
“How can we use big data for talent management in a global and highly decentralized industrial matrix organization like Saint-Gobain?
Based on this, the following objectives were established:
- Identify Talents
- Targeted development and career support
- Developing leadership capabilities
Ensure retention and commitment
An approach with three steps was then developed for the HR analytics project at Saint-Gobain:
- Assess Bronze Talent management
- Identify Talents at risk of leaving
- Identify undiscovered Saint-Gobain talents
Assess Bronze Talent Management
The first phase was to look at emerging trends from the algorithm, which came through as follows:
- Career progression – The algorithm has identified that talents within the five years at Saint-Gobain climb two-thirds bands more than non-talents.
- Career follow-ups – In annual succession planning and [erformance reviews, talents were mentioned more often in people reviews than non-talents.
- Development and training opportunities, – Talents have more training opportunities than non-talents.
- Base salary management – Salary increases are higher for talents than-non talents.
- Increasing gender balance – The % of female hired talents is 6% higher than male talents hired – based on strategic objectives.
The conclusion of this first part is that it confirmed that “what we want to do with our talent management is being achieved”.
Identify talents at risk of leaving
The second algorithm – looked into the past and analysed what were the elements of talents who left Saint-Gobain voluntarily in the past. The most impactful parameters were salary increase percentage and the date of last increase. The lower the salary increase, the higher the risk of leaving – no surprise, but it is also confirmed by the algorithm.
An interesting trend emerged when looking at tenure – when the last increase for a salary was between 6 months and 1.5 years, there is a lower risk of leaving. But after 1.5 years of a lower salary increase, there is a higher risk of leaving. The algorithm provided a percentage of the risk of leaving talent – about 150 names. These were then sent to country HRDs with all the parameters of risks included. They were asked to provide feedback on whether there was a risk of leaving or not (and at various levels of risk). Based on a combination of input from the algorithm, and feedback from HRDs – 100 of the 150 employees were able to be retained. Managers were able to take proactive actions to prevent employees from leaving.
Identifying undiscovered Saint-Gobain Talents
One of the interesting components of the webinar was to note how Saint-Gobain uses an algorithm to identify undiscovered talents. Part of the diagram, was important to understand:
- Precision – % of true SG Talents among the Talents identified by the algorithm
- Recall – % of Talents identified by the algorithm among the SG Talents
After consultation with and feedback from country HRDs on the 250 names proposed by the machine, 115 Bronzes talents were detected!
The webinar also discussed various other aspects of HR analytics including:
- Data visualization
- Semantic Analysis
- Data integrity
- Data confidentiality
The key message echoed throughout the session is that HR Analytics is a means besides all other HR tools. HR should take advantage of these digital tools in order to spend more time meeting people face to face
Transforming talent acquisition through the Top Employers Certification Programme
85% of Top Employer organisations agree that the Top Employers Institute Certification creates value for their business, whether it be for their branding, alignment, and benchmarking of HR practices, or connecting with other leaders in HR. When it comes to branding, Top Employers know that the experience of going through a candidate selection process tells a lot more about the organisation than the brand messaging.
At Top Employers Institute, we are always keen to demonstrate the best ways to leverage value from our Certification Programme. Independent and externally verified workforce research, conducted globally among our Top Employers, shows that 85% agree that certification creates value for their business.
It is the branding potential that certification brings with it that is one of the most appreciated benefits. 92% of our Top Employers say they make use of the Certification Seal to attract and/or engage talent.
So how can Top Employers make the most of the opportunity that certification creates in this area?
Recruitment: certification makes a big difference
A great employer brand lies at the heart of any Top Employer’s HR strategy. When it comes to getting the best on board, 70% of those surveyed say they have used the Certification Seal to drive their recruitment process.
Strategic Employer branding can only ever be as good as the impression it makes on potential employees. On this, the results are encouraging. 74% of Top Employers agree that the certification process has improved their positioning as an employer of choice.
It is easy to see the positive impression that certification makes on external candidates. The noticeable benefits, according to our Top Employers, include:
- Enhanced awareness among candidates, with references to the Certification Seal made in interviews.
- Recognition of the value of certification among partners, such as universities or employment agencies.
- More interest in posted roles, with more clicks and applications made through company careers pages.
- A decrease in both the time taken to fill roles and an increase in quality of applicants.
One Top Employer sums it up well by telling us that the Certification Seal showed potential candidates clearly that “this company is among the best employers in the world”.
High levels of trust between candidate and potential employer lie at the heart of the value that the Certification Seal brings. As one of our Top Employers told us: “For me … most important is that an external candidate [feels that they] can rely on the certificate.”
Onboarding and Induction: Reinforcing the bond of trust
A top talent acquisition strategy, crucially, requires this trust to continue well beyond the initial recruitment process. After hiring comes the equally important task of onboarding and induction. A recent survey of 1000 full-time employees for People Management magazine revealed that:
- 43% admitted to having changed their minds on at least one occasion after accepting a job offer.
- 37% put this down to poor or no follow-up, or other bad experiences after the job offer had been made.
Engagement and Retention: Creating a virtuous circle
The greater branding opportunities for Top Employers from certification through recruitment, onboarding and induction also go on to produce a virtuous circle among existing employees. The independent research conducted for us showed that the use of the Certification Seal helped organisations to:
- Actively involve current employees as talent brand ambassadors for external candidates
- Increase the engagement of existing employees made aware of the achievement of certification.
- Decrease turnover, with employees feeling safe and reassured to work for a certified Top Employer.
Talent acquisition: make it easier with Top Employers institute Certification
Top Employers Institute has guidelines and support for certified best in class employers who want to leverage their talent acquisition strategy further. This includes everything from how to promote the Certification Seal as effectively as possible on the web site, email signatures or social media, through to how best to display them in job ads. Get in touch today for free and become an employer of choice.
People Strategy: from talent management to strategic workforce planning
What do HR leaders need to consider when creating, or recreating, their people strategy?
Leading organisations across the globe are forced to transform rapidly – and continuously – in order to remain purposeful, relevant and stay ahead of competition. This in turn means that the very definition of people strategy is itself evolving at pace. The role of HR leaders is changing too, and the number of challenges they are asked to solve is increasing. Most likely, when answers are found, the questions themselves will change.
Despite these complexities, it’s worth unpacking the concept of people strategy in terms of definitions, roles and challenges a little better.
People strategy: three definition that you need to look at
People strategy has a myriad of different definitions – it depends what you read and where you look. Top Employers Institute’s HR experts and auditors propose three broad lense.
1. Invest in talent
Let’s first look at people strategy through an investment lens. In this sense, it is seen as a battles for talents. If an organisation matches its investment in talent to business objectives, it is more likely to get the right people with the right skills focused on the right initiatives. The return on investment that this then creates will drive the business forward and accelerate results.
2. Align hr strategy with business strategy
The second lens defines people strategy in relation to its alignment with business strategy. To think in terms of alignment allows us to ask important questions, such as “What capabilities do we need?” and “Where do we need them?” This simple approach sharpens our understanding of the gaps (or overlaps) in aligning our strategic workforce planning and other HR strategies to the business needs.
Our research shows that 97% Top Employers demonstrate the importance of aligning their people strategy with their business strategy. Yet it is worth noting that only 77% of Top Employers translate their people strategy into key HR metrics and related targets.
3. People strategy is the business strategy
The final lens moves beyond alignment to the complete integration of a people strategy within the business. By this definition, your people strategy IS the business strategy. Here, forward-looking leadership teams explicitly reject thinking about their people as assets.
Rather, it is the employees who are the “investors”: they call the shots and choose to invest their precious time, energy and talent. It is the organisation that needs to work hard to keep them engaged and motivated.
Leadership cannot take their talented employees’ hard work and commitment for granted.
A strategic role for the HR leader
The definition of people strategy vary greatly across organisations of different shapes and sizes, but research from the Top Employers Institute global survey shows that HR leaders are taking on a more strategic role. In the past, business strategy has been driven largely by the CEO and the CFO. This has been because the twin drivers of organisational success were firmly rooted in strategy and finance.
Now, however, organisations are increasingly moving from this “Dynamic Duo” to a “Transformative Trio”. According to the Harvard Business Review (HBR), the CEO and CFO are being joined more and more regularly by a CHRO who together need “to fuse the strategic, financial and people issues into business strategy”.
Challenges and priorities in people strategy
To play their full role in the triangular alliance with CEO and CFO, there are four challenges that the CHRO needs to meet:
- Being able to look ahead and identify strategic workforce challenges that will come about as a result of the changing business world.
- Creating talent supply chains that can support innovation and growth.
- Developing the talent management skills of business leaders.
- Provide employee insights through greater use of metrics and analytics to show the effectiveness of their people strategy.
Significant data obtained from 1.679 certified Top Employers organisations globally, closely resembles the challenges set out in the HBR. When asked to rank their Top HR priorities the majority of Top Employers indicated:
- Supporting cultural and organisational change;
- The development of talent strategy;
- Leadership development;
And the role of technology in providing metrics and analytics within all HR disciplines is, according to Top Employers Institute research, moving up the priority list for HR leaders as way of underpinning significant changes in people strategy that we are seeing within so many of our Top Employer organisations. Amid the changing HR landscape, the need and the consequent move towards a broader and more holistic scope of people strategy is obvious.
It is no longer something that only focuses on talent management but encompasses strategic workforce planning to future-proof the skills and capabilities gaps and is supported by concrete metrics and the likes of predictive analytics.
As a result, HR leaders are also expected to devise and execute people strategies that align with the current and future business needs.
Employer of Choice Award: Start your journey to our certification today
Invest in your people strategy, click on the link and get in touch with Top Employers Institute today and become an employer of choice!