Upskilling is the New Currency: How L&D is Revolutionizing Talent Retention

In today’s competitive job market, salary alone is not enough to attract and retain top talent. Companies are realizing that offering learning and development opportunities is crucial for employee engagement and loyalty. This article explores the findings of Korn Ferry’s Talent Acquisition Trends 2025 survey, highlighting the vital role of upskilling in shaping the future of work. We delve into how upskilling programs can attract and retain talent, enhance employee engagement, and develop future leaders, ultimately contributing to a thriving and competitive workforce.

Indian Edtech Startups Reshape Education Landscape with Online Degrees: A New Era of Upskilling

Indian edtech startups are revolutionizing the online education landscape by shifting from standalone courses to co-branded degrees with prestigious domestic and global institutions. These online degrees, focusing on high-demand fields like AI, ML, and data science, are attracting students seeking job-relevant skills while providing universities with new revenue streams. However, the sluggish employment market and rising costs have raised concerns about the future of this trend.

AI’s Impact on the Workforce: Upskilling Key to Mitigate Redundancies

Artificial intelligence’s integration into digital transformation brings about opportunities. Embracing upskilling is crucial to minimize job redundancies as AI-powered automation transforms work processes.

Senior executives at the Mint Digital Innovation Summit 2024 emphasized the need for individuals and organizations to adapt to the technological advancements brought by AI. These transformations will create new job opportunities while enhancing human work’s value. 

Organizations must prioritize upskilling and reskilling programs to ensure that the workforce remains relevant in the face of AI-induced changes. By leveraging AI’s capabilities, industries are witnessing advancements in various sectors, including urban planning, agriculture, and manufacturing. These advancements offer data-driven insights and improved efficiency.

AI Talent Crunch Intensifies as India Inc Wages War for Expertise

As India’s businesses scramble to upskill their workforce in artificial intelligence (AI), a severe talent shortage is emerging. Companies across sectors, including banking, healthcare, IT, and beyond, are competing fiercely for experts proficient in complex AI problems and cutting-edge digital skills. The demand for AI talent is driven by the rapid adoption of AI across industries, leading firms to offer substantial salary hikes and enticing perks to attract the best minds in the field.

Huawei’s Commitment to Talent Growth and Employee Retention in the Era of Digital Transformation

In the rapidly evolving technological landscape, upskilling and training have become crucial for employees to adapt to changing trends. By 2030, it is estimated that there will be 92 million digital jobs globally, highlighting the importance of skills development and lifelong learning. Huawei Technologies has emerged as a leader in recognizing these trends and implementing strategies for talent growth and employee retention. The company focuses on providing opportunities for employees to progress beyond the scope of their existing jobs, offering collaboration across departments and accessibility to senior management. Huawei also emphasizes a healthy work-life balance through recreational activities and initiatives that support employees’ individual passions. The company’s commitment to talent development extends to its graduate program and Top Minds recruitment initiative, which focuses on capability and competency rather than traditional criteria. By prioritizing these aspects, Huawei ensures a committed and skilled workforce in the face of ongoing technological advancements.

Alteryx SparkED Partners with DataCamp and Women in Data to Bolster Analytics Talent Pipeline

Alteryx SparkED, the data analytics education program from Alteryx, has announced two new upskilling partnerships with DataCamp and Women in Data. These partnerships aim to increase diversity in the analytics field and empower individuals with in-demand skills for career advancement. DataCamp will provide access to interactive learning modules for Alteryx SparkED participants, while Women in Data will offer scholarships and support to women in data and AI careers. The collaborations align with Alteryx’s commitment to address the growing talent gap in data and analytics.

Consulting Firms Embrace AI to Rein in Costs and Reshape Workforce

Consulting firms are increasingly investing in artificial intelligence (AI) to enhance efficiency and productivity, leading to a shift in the traditional model of workforce expansion. Some employees, particularly in junior roles, may be impacted as AI assumes routine tasks. However, firms also emphasize upskilling and reskilling initiatives to equip their teams to work alongside emerging technologies. AI is seen as a game-changer for tax functions, where generative AI (GenAI) can expedite analysis and help prepare responses to tax notices. Consulting firms are also exploring AI-based systems for cognitive processes, problem-solving, and decision-making.

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