Read Forbes' article titled "Why upskilling and reskilling are essential in 2023"
Answer the following questions.
1. What is the role of training, learning, and development in implementing (1) upskilling; and (2) reskilling in organizations? (1 point)
2. Identify an industry that requires either upskilling or reskilling. Propose the training design and evaluation method for upskilling or reskilling individuals in this industry. (1 point)
Your response to both questions should be no longer than 300 words. Once completed, respond to at least one other peer's post. (1 point)
Training, learning, and development are instrumental in both upskilling and reskilling efforts within organizations. They empower employees to acquire the skills and knowledge required to thrive in their current or new roles, ultimately contributing to the organization's long-term success and adaptability in today’s variable business landscape. In terms of specifics, upskilling is beneficial in providing career advancement in terms of challenging the minds of employees via improving and growing their skills in their current job scope. Reskilling, however, removes the unnecessary or outdated that are becoming more prevalent in the modern technology era. Reskilling provides the opportunity to learn a new skill to stay relevant without laying off employees.
Finance brokers require upskilling and reskilling due to most of the younger population moving away from the traditional broker-company-client relationship towards a more automatic version of the trade via apps such as RobinHood. Upskilling can be implemented via encouraging training on using mobile and desktop self-serve programs to provide a consulting-like relationship with clients. Reskilling can be implemented by completely changing the function of brokers in the business and moving towards the cultivation of a new commission free stock trading approach.