What is the difference between upskill and reskill?
As per a report from McKinsey, 87% of organizations say they already have employee skill gaps or are expecting them within a few times. Isn't the percentage alarming? The same report also says that 53% of executives/leaders say that building skills is the most important action to close the ability gaps, followed by hiring more talented individuals, redeploying, and engaging freelancers or contractors in the workplace. The solution? Upskilling and reskilling!