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How to 'Recession Proof' Your Career With Upskilling and Reskilling

February 8, 2023 | By MVNU Online | Career Advancement, Infographic

According to one estimate, half of all employees will need reskilling by 2025. To keep your skills sharp and relevant for success in today’s business environment, you’ll need to take advantage of opportunities to boost your knowledge and capabilities.

Download the infographic using the button below to see how you can increase your learning. And for even more information, check out the extended E-Book about recession-proofing your career.

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KEEPING YOUR SKILLS SHARP THROUGH RESKILLING AND UPSKILLING CAN HELP YOU REACH YOUR CAREER GOALS AND MAINTAIN TOP JOB PERFORMANCE. WHETHER YOU WANT TO EARN MORE MONEY, TRANSITION TO A DIFFERENT CAREER, ACHIEVE A BETTER WORK-LIFE BALANCE, OR IMPROVE YOUR JOB SECURITY, UPSKILLING AND RESKILLING CAN PROVIDE THE KNOWLEDGE YOU NEED TO PURSUE THOSE GOALS. Check out some eye-opening findings about upskilling and reskilling in our infographic: Upskilling and Reskilling: What’s the Difference? Upskilling and reskilling are related terms often used interchangeably when discussing the need for relevant, up-to-date skills in today’s job market. However, they are not the same. Upskilling involves developing new competencies to help you perform your current role at a higher level. On the other hand, reskilling is the process of adding knowledge and skills to enable you to perform a new or different role. Both upskilling and reskilling are essential for just about any role. In fact, the World Economic Forum predicts that half of all employees will need reskilling by 2025. Better Job Stability In a recent ADP survey, only 25 percent of people said they think their job or industry is secure. Fortunately, upskilling and reskilling deliver new skills in support of long-term job security. They enable you to boost your contributions and, in turn, your job security. Improved Productivity at Work You can work more efficiently with a more diverse range of skills in your toolkit. A TalentLMS survey found that 81 percent of employees reported being more productive at work after upskilling and reskilling training. Greater Satisfaction and Feeling of Fulfillment Pursuing an education to either boost existing skills or learn new ones can help you get more aligned with the vocation you seek, which can be incredibly rewarding. A joint Gallup and Amazon study found that 71 percent of employees who participated in upskilling said it enhanced their satisfaction at work. Career Growth According to one estimate, it’s not unrealistic to seek a promotion every three years or so. Upskilling with professional certifications and continued education can help you show off your capability to perform new and more complex tasks, improving your chances of promotion. Knowing When It’s Time For Upskilling or Reskilling If you’re thinking of getting started with a program to help you build new skills, you’re not alone. A global UiPath survey revealed that more than 8 in 10 surveyed employees wanted more opportunities to upgrade their existing skills or learn new skills that could help them advance in their careers. Here are some signs that now may be a great time for you to boost your skills: You want to keep your existing skills sharp. Employees in a LinkedIn survey said that staying up to date in their field was their top motivator for learning. You want to position yourself for a salary increase and
career advancement. Putting your newly acquired skills to work can give you the financial and promotional recognition you desire. You’re considering applying for a position in a new industry or organization. According to a Citrix report, 82 percent of employees believe it will be necessary to reskill or upskill at least once a year to maintain a competitive advantage in the job market. You want a better work-life balance. As you gain new skills, you may be able to explore job opportunities that offer more work flexibility. You want to take the next step in exploring your passions and calling. Psychological studies have found that exploring different activities and exposing yourself to new challenges can help build more passion for your work. If you’re thinking of getting started with a program to help you build new skills, you’re not alone. A global UiPath survey revealed that more than 8 in 10 surveyed employees wanted more opportunities to upgrade their existing skills or learn new skills that could help them advance in their careers. Start Advancing Your Skills and Knowledge Today Earning a new undergraduate or graduate degree equips you with an ideal mix of coursework and skill-building experiences. And when you earn your degree at MVNU Online, you can achieve those goals on a schedule that works for you. Ready to get started? Learn more about the programs MVNU Online offers to help you meet your career and learning goals. Contact Us

 
    

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