Source: ET November 6, 2023. In the age of disruption, it pays to upskill. According to the article, people who invested in upskilling the last five years had two and a half-times better appraisals, enjoyed a greater sense of security and satisfaction and more frequent promotions than those who didn’t.
These are the finds by India Career Upskilling Report Up Grad.
The interesting findings:
a. Upskilling also empowered women coming back from a career break, helping them find opportunities that were closer to their previous roles.
b. Women who upskilled in the past 3-5 years stayed 4.8x longer in their new roles and were 2.1x more likely to restart their careers at the same or better salaries.
c. As much as 48% of those who opted for upskilling self-financed their studies, while 30% were employer-sponsored and 22% were a mix of both.
d. Interestingly it was found that two out of three people who upskilled were parents.
e. Career advancement, better job prospects and increased earning potential are some of the leading reasons for the upskilling.