Hiring or Up-skilling: How does digital transformation play a vital role?

Digital transformation has become the new blue in every business. It is an essential step for businesses to be ready in the future. In the 2022 pandemic, digital transformation has saved businesses, yet many companies are struggling to cope with it. A modern technology that is being launched today will be outdated within a brief period. Along with bringing about digital transformation, it is also necessary for companies to match the speed of digital transformation.   

 

What should businesses do if they want to survive in the market after 2020?   

 

The most efficient way would be strategic hiring. It is the easiest solution as there are an ample number of candidates seeking a job opportunity post pandemic. Also, companies will have to revise their business strategies and hiring policies to sustain the market. Quick and efficient recruitment is necessary.   

 

To face the challenging business times post pandemic, it is best to recruit at the earliest so that employees will be ready for the challenges ahead. One of the first challenges for recruiters would be the first level screening processes, and the fast-emerging online recruitment tools would be the way to go.  

 

To that effect, online skill assessment tools would play a vital role; they would be necessary to understand where the prospective candidate stands with respect to skills, both core and soft. With the availability of many platforms for recruitment and tools for assessment, the process has become manageable.   

 

Recruiters and candidates can select from a wide spectrum of options. They can also do quick research and find out the candidate’s background. It has helped recruiters not just with hiring but to manage the employees and transformed the HR strategies.    

 

How have skill assessment tools made hiring less chaotic?  

 

An increase in the volume of hiring in the last few years has made the recruitment process chaotic. There are many good tools available with advanced features like image and video proctoring, which makes them a reliable way of assessing candidates. Faster recruitment has helped companies pick up speed and transform digitally even during the pandemic.  

 

To check the quality of candidate that you hire, you can easily verify if the skills mentioned in resume are reflected in the performance of the candidate. Here, the experience cannot be a legitimate source of knowing if the candidate is job ready. By using skills assessment tools, You can easily understand the skills of the candidate.  

 

What are the key skills that will drive digital transformation?  

 

To recruit correct candidates, it is important for the recruiters to know what are the key skills that will help companies transform digitally. Technical skills like IT, data analytics, machine learning, etc. are required for companies for a smooth digital transformation but along with them communication skills, analytical and problem-solving skills are also necessary. Technical skills like data analytics help companies frame a futuristic action plan. IT services like migration to cloud have shown their advantages and artificial intelligence has enhanced customer experience and ensured security.  

What should companies do with their current employees?  

We are now in the process of technological transformation and, because of the ongoing pandemic, most of the workforce is operating remotely.  This scenario has created a skill gap between the requirements of the employers and current skills of employees. Companies that cannot recruit need to invest in employee up-skilling programs. This can help the company overall as the skill gap will always be a persistent issue. What’s trending now will be outdated in a few years. A continuous learning process is the best solution for both the company and the employees.  

Digital transformation has encouraged employees to up-skill. There are a variety of courses available online at a much lesser fee as compared to traditional sources of learning. On a lighter note, employees can make use of the pandemic as it is a fantastic opportunity to learn. Companies will need a strategy to determine what skills an employee needs to learn or enhance. For this, companies can conduct a skill assessment test for their current employees and know the drawbacks of each one of them to work upon.   

 What are the benefits of up-skilling?  

 Up-skilling increases the value of the employee. It is always cost effective to up-skill the current workforce with desired technical skills for the organisation than to recruit new candidates. This naturally increases the productivity of an employee and helps in increasing revenues.  

There is no better solution to ensure business continuity than up-skilling. Businesses are heavily investing in remote working technologies and employees must struggle to adjust with this change. There will be a lack of candidates with remote working tech skills. Up-skilling creates qualified employees and addresses the concern of companies about employability of their current workforce.  

Overall, between hiring and up-skilling, up-skilling is the better way of ensuring that your existing workforce is digital transformation ready.  

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