Less than 1 in 4 employers sponsor upskilling: Report

Regardless of rising demand for talent improvement, solely 23.9% of Indian employers absolutely sponsor upskilling programmes for his or her workforce, in keeping with a brand new report by TeamLease Edtech.

Within the absence of organisational assist, 46% of execs are actually selecting to fund their studying, it stated.

“For organisations, this can be a wake-up name to take a position extra strategically in structured upskilling paths that align with efficiency cycles,” stated Shantanu Rooj, chief government of TeamLease Edtech.

In response to the report titled ‘Impact of Upskilling on Performance Administration’ – primarily based on responses from greater than 14,000 workers throughout capabilities reminiscent of know-how, finance, gross sales, operations and human assets – 84% of execs had been engaged in some type of upskilling previously yr, primarily pushed by long-term profession planning and future readiness.

Upskilling seems to have tangible short-term advantages. About 64% of respondents stated their studying efforts positively influenced appraisal outcomes, with 42% reporting promotions, wage hikes or enhanced roles inside 18 months of finishing their programmes.

“This examine makes one factor very clear. The professionals who take initiative, particularly those that spend money on their studying, stand to achieve not simply abilities but in addition recognition, duty and actual profession momentum,” stated Rooj.Timing additionally performed a key function, with greater than 40% of execs strategically pursuing upskilling near efficiency evaluation intervals. Amongst capabilities, tech and finance employees had been probably the most inclined in the direction of self-initiated studying (78.3%), whereas gross sales and advertising professionals favoured brief, low-cost tutorials and certifications for rapid software.The report urged employers to align studying investments with appraisal cycles and recognise self-funded initiatives, notably in high-impact roles, to unlock higher retention and efficiency outcomes.