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Enable Right-Skilling to Add Business Value

by capitalizefinancial
March 30, 2021
in Sports
0
Enable Right-Skilling to Add Business Value

Right-skilling is not just another L&D buzzword. It’s about giving employees the skills they need to add business value rather than simply notching up more hours of learning.

In the recent webinar, industry experts Lori Niles-Hofmann and Amanda Nolen joined Ollie Browning of Go1 to reveal what right-skilling looks like, its business benefits, and how you can you make it happen in your organization.

For L&D to cement its position as a value-add function, it must develop the knack of spotting strategic skills gaps. Look at what your organization needs and what the market needs from a business perspective. Focus on the big-hitters—risk, safety, compliance, and revenue—and be strategic about allocating resources.

Right-skilling current employees is a smarter investment than hiring new workers. As you right skill your staff, you increase your workforce’s effectiveness and boost business value. These are improvements that can be measured in direct monetary terms, such as increased sales, decreased employee turnover, or better rates of customer retention due to improved service.

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