More Professionals Showing Intent to Upskill This Year
Every professional agrees with the statement that they want to grow more and more with no point in their mind where they would say that they have grown enough and now they can just relax. In today’s world, being relaxed is not an option. Everything around us is changing at a pace we can’t even lay our eyes on one thing for too much time as it’ll be then replaced with something better. To keep up with this ongoing transitional world upskilling has become crucial for growth and success.
The rapid pace of technological change, globalization, and economic uncertainty has created an environment where employees need to continually update their skill sets to remain competitive as upskilling can lead to increased job opportunities, higher salaries, and personal growth.
A report by Great Learning on the latest upskilling trends has just revealed that 83% of Indian professionals intend to upskill this year. This percentage has been increasing every year highlighting the increasing need to stay up-to-date with the latest industry trends and technologies.
A recent PwC report emphasizes the urgency of upskilling, revealing that one in three jobs is likely to be severely disrupted or disappear in the next decade due to technological change. This could affect almost half of all low-skilled jobs and a third of semi-skilled jobs. In response to this, PwC is committing $3 billion to upskill globally over the next four years, with close to $10 million allocated to develop digital skills in Singapore over the next two years.
Deloitte’s report on reskilling the workforce highlights that reskilling, upskilling, and outskilling are key strategic priorities for many organizations. Professionals are seeking to acquire both soft skills such as leadership, communication, teamwork, adaptability, creativity, time management, problem-solving, and emotional intelligence, and technical skills like cloud computing, artificial intelligence (AI), cybersecurity, data analytics, and digital marketing.
Most of those professionals intend to upskill for increased salaries, higher career growth, and acquire additional technical expertise. IT and BFSI were the top sectors where professionals upskilled themselves last year, and Bengaluru was in the highest demand for upskilling programs. Whereas among tier-2 cities, Mysore, Madurai, Indore, and Vijayawada showed the highest intent for upskilling.
Upskilling helped 43% of professionals to gain career growth in their organization, 23% to switch to a different domain, and 18% to secure a new job. However, the motivation for upskilling to switch to a different domain was mostly from the professionals who have less than eight years of experience and the senior professionals were upskilling as a way to achieve career growth in their current organization.
As an educational Institute, We don’t just focus on the curriculum but we provide our students with upskilling programs. We understand the importance of upskilling and are committed to providing various programs beyond the standard curriculum. The demand for upskilling is increasing among professionals, and we want to ensure that our students are well-equipped to meet this demand. At DSB, we are committed to providing our students with the resources they need to succeed in the ever-changing job market.