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6 Benefits of Upskilling for Employee Retention and Career Growth

Research reveals that 94% of employees would stay at a company longer if it invested in their career development.

In today’s fast-paced environment, it’s important to consider the benefits of investing time and resources to upskill your employees. Companies often face challenges with retaining top talent and fostering their career growth internally to reduce employee turnover.

One of the most powerful things you can offer your employees is the opportunity for upskilling. Upskilling not only enhances employee skills but also significantly contributes to their career growth and retention and in turn proves beneficial for your company’s success.

The benefits of upskilling employees extend far beyond just improving abilities, we’re diving into six ways upskilling can transform your workforce.

What are the benefits of upskilling employees?

Increased Job Satisfaction – As employees acquire new skills and knowledge, they become more engaged and motivated, resulting in higher job satisfaction levels.

Improved Performance & Productivity – Upskilled employees are far better equipped to perform in their role effectively and efficiently, in doing so they can deliver higher quality work.

Enhanced Retention – Investing in your employees demonstrates a commitment to their growth and success making them feel more valued and appreciated building their loyalty to your company.

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 Future-Proofing Your WorkforceInvesting in upskilling initiatives helps companies to future-proof themselves against industry disruptions and technological advancements making them better prepared. 

 Attract Top Talent – Companies that proritise employee development and upskilling are far more desirable and therefore attract top talent who are eager to learn and progress in their career. 

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 Internal Career Progression Upskilling provides employees with the knowledge and skills needed to progress in their careers, those who feel supported in their professional growth are more likely to stay and thrive within the company.

 Ultimately, investing time and ressources into upskilling your employees is a win-win for both your employees and your company. By investing in employee development you are improving retention rate, encouraging career growth and future-proofing your company. 

 If you need professional and experienced HR support contact Paul at Coppice HR (paul@coppicehr.com or 07814 008478).