When and How to Reskill for New Technology

Reskilling is a talent management approach that involves identifying employees working in jobs for which the organization has declining demand and training them to take on jobs for which the organization has a growing need. Emergent technologies like generative AI mean that many employees will need to be upskilled so that they can effectively use these tools in their current roles. However, some employees are going to need reskilling and placement in new roles as well. 

In this article, we break down cross-industry data on the percentage of the learning budget that organizations devote to reskilling for new technologies. After unpacking the data, we provide guidance that can help you decide when reskilling is right for your organization and highlight some leading practices for how to carry out reskilling effectively.

This article was first published in partnership with Human Resource Executive. 

Click here to view the article on hrexecutive.com.