Corporate Skill Development

Corporate Skill Development

Gone are the days when corporate skill development was only a check point for organizations as a formality. We are living in times when each organization is striving to be future-ready and they want to acknowledge skills other than technical expertise and train their workforce towards it.

With artificial intelligence playing a huge role in shifting the nature of work in organizations, organizations and their leaders are recognizing the importance of skills like critical thinking, communication, data analytics, emotional intelligence, etc. People who present these skills in their personalities along with the technical know-how are seen as bigger contributors to their teams and organizations than the ones who only display the technical knowledge. Moreover, with hybrid and remote work coming in play since the global pandemic, the relationship between the work, worker and workforce has changed. Organizations are working towards breaking the silos and accepting a healthier way of working towards success. Skill development also play an important role in the overall development of the organization, while of course also helping employees individually.

While there are artificial intelligence (AI) tools, learning modules and theoretical papers on it, the scope of corporate skill development goes beyond technology and tools. It requires a learning culture where mental health is given preference and collaborative growth is encouraged; where giving and receiving feedback is equally important; and where leaders are putting in the effort as much as the rest of the workers. On top of all this, organizations that prioritize skill development also benefit in their business resilience and perforce, apart from improving productivity, employee engagement and retention.

So, corporate skill development is no longer just a tick in the checklist but a business imperative now. Companies are better positioned to navigate chaos, disruptions and market imbalance when they decide to invest in the growth of their people.

Now, to ensure that their employees are equipped with the correct skills to meet evolving business demands, organizations may adopt a variety of training methods. While there is no one formulate-fits-all theory here, here are some of the most effective ways:

1. Instructor-Led Training (ILT):
   This is the basic classroom-style sessions led by experts who provide structured learning for topics which are quite complexed and need an in-depth explanation and understanding by an expert.

2. Experiential Learning:
   This provides learners a more hands-on experience, driven by activities, simulations, and real-world projects to help employees apply theoretical knowledge in practical scenarios.

3. Microlearning:

Now with these modules, the learners are given shorter glimpses of topics which are required to be learnt on-the-go. It’s not as in depth as an ILT or journey would be.

4. Coaching and Mentoring:
   These are most suitable for leadership development, where a one-on-one session is required more, with personalized experiences and scenarios.

5. Blended Learning:
   This is the best-of-both-worlds scenario where the online modules is combined with face-to-face sessions, and offers a balanced approach, catering to different learning styles.

Way Forward

A certified Great Place to Work® organization, KNOLSKAPE delivers transformative experiences for the modern learner and the modern workplace. KNOLSKAPE is a 150+ strong team with offices in Singapore, India, Malaysia, UK, and USA serving a rapidly growing global client base across industries such as banking and finance, consulting, IT, FMCG, retail, manufacturing, infrastructure, pharmaceuticals, engineering, auto, government & academia

Contact KNOLSKAPE to know more about corporate skills development training for your organization!