Reskilling and upskilling are not only required in technical capabilities like understanding emerging technologies like artificial intelligence. But, also to become proficient in soft skills such as communication, attention to detail, and listening skills.

Reskilling is trying to enhance the existing skill and making them ready for the new role. The roles are getting changed due to technological advancements. For example, in the banking industry, where there has been a lot of changes in the job roles because of automation and various applications that have been used. Here, the students are taught new skills, and their ability of fastness towards it is measured.

Whereas upskilling is improving skills in the existing job roles. It implies learning new technologies, keeping track of the development in the particular area. For example, a graphic designer has to continuously upskill himself/herself because of the drastically changing technologies and developing applications.

Upskilling oneself is a process to upgrade skills and potential capabilities through certain training and development programs. Education sectors are nowadays focusing a lot upon upskilling sessions, training modules, and short-term courses to upgrade the student’s skills and performance for the future career.

Reskilling teaches students new skills to adapt to the changing world. It makes one acquire new skills altogether removing the earlier one. Reskilling is a continuous process that has to be done when everything is going fine. The knowledge acquired along with the skill set needs to be constantly and continuously updated. This can be achieved by learning through looking and understanding, learning business and business solutions, and making oneself relevant to the latest updates. Reskilling is important to ease the pain of automation.

The four-career advantage of upskilling and reskilling are:

1. Enhancing competency

Learning never ends. Hence, the need of supplementing academic knowledge with industry-relevant skills and soft skills persists forever. Gaining industry-relevant experience through various programs is important to equip one with both hard and soft skills. Continuous learning and curiosity is also sure to enhance competency.

2. Boosting employability

Upskilling widens the options for better opportunities and career choices. A willingness to learn and openness to take on new challenges will favour when it comes to securing tenure or getting noticed by employers. A good attitude towards upskilling exemplifies adaptability and agility which boosts employability, even in the face of disruption and technological innovation.

3. Future workplace ready

To be well equipped in today’s fast-paced digital economy, companies require employees to be more relevant to the field. In today’s world, digital marketing, data analytics, and coding are some of the many skill sets needed.

4. Growth opportunities

Gaining new knowledge is one way to discover new passions, talents, and career paths. Even if it is learning out of pure interest, the acquired skill set leads to a managerial role. In many instances, career progression happens because an employee holds adjacent skills that make him/her relevant to the position. While it is an employer’s responsibility to offer career development, it is the responsibility of an employee to work towards growth.

5. As business models change and technology gains more importance, employees need to be equipped with the most necessary skill sets – both hard skills and soft which can steer organizational success in the right direction.

The best way to advance the career plan is to embrace upskilling and reskilling. Learning it during education and practising it effectively is sure to be of use for students in the long run.