Technology has changed the way we work and it’s forcing individuals to take upskilling seriously to stay competitive in the professional world. It’s no surprise that upskilling has become one of the most sought-after learning paths for professionals, students, and newcomers determined to advance their skills and career prospects.
To understand how upskilling is impacting career paths and professional advancement, UpGrad conducted a pan-India survey of 3500+ respondents from the corporate world. The results of their India Career Upskilling Report indicate the clear benefits of upskilling, and how it can help people get promotions and better salaries.
The report compared the differences between self-learning and company-sponsored learning and skill-based training. It also revealed that three out of five upskilled professionals get promoted annually, while only one out of five who don’t upskill achieve the same.
Upskilling not only helps people identify and understand their primary areas of interest for their professions, but it also makes it easier for them to transition into other fields. The report found that upskilled individuals typically obtain better compensation packages after changing careers, while women who upskilled had a 2.1x greater chance of starting over at the same or better wage.
The report also highlighted the importance of employer-sponsored learning, with companies now understanding the value of workforce development and devoting significant funds to help staff members become more skilled. This strategic commitment demonstrates their commitment to developing a talented and competitive workforce that can spur growth and innovation.
The findings of the UpGrad survey are an invaluable resource for teachers and educators looking to stay ahead of the curve and help their students get the most out of their professional and educational pursuits.
As the world of work continues to rapidly evolve, it’s clear that upskilling and continuous learning are essential in order to stay competitive and succeed in the professional world. Teachers and educators should embrace the value of upskilling and equip their students with the necessary skills and knowledge to take their career to the next level.
