Friday, March 5, 2021
  • Setup menu at Appearance » Menus and assign menu to Top Bar Navigation
Advertisement
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News
No Result
View All Result
NikolaNews
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News
No Result
View All Result
NikolaNews
No Result
View All Result
Home Marketing Technology

Upskilling: Benefits of Professional Development and Training

February 12, 2020
in Marketing Technology
Upskilling: Benefits of Professional Development and Training
585
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

In January (2020), the Bureau of Labor Statistics calculated the US unemployment rate at just 3.6%. Though a low unemployment rate is usually good news for an economy, fewer people searching for employment means a smaller pool of talent for businesses, often leaving employers desperate to find the skilled workers needed to fill open positions.

However, businesses miss out on major opportunities when they search for talent outside of the organization, rather than within it. Scrutiny of 30 years of data found that external hires not only cost more than those promoted from within but also tend to score worse on performance reviews and have a shorter tenure than their hired-from-within colleagues.

You might also like

Brand Positioning and Competitors’ Positioning

A Quick Guide to Understanding YouTube Ads [Infographic]

CRM Shortcomings Leading to Lost Revenue

Moreover, promoting from within improves employee retention, work ethic, and even workplace happiness. It also gives hiring managers the benefit of knowing that the existing team member is already a good cultural fit, has strong working relationships, and understands the industry.

Upskilling your employees is a critical process in reducing the need for outside hires and increasing internal promotions.


Investing in your current team’s soft skills, technology know-how, and knowledge of industry trends can help your business reap the rewards of promoting from within and creates more well-rounded individuals and teams.

Start increasing professional development opportunities to improve your company’s performance and ultimately create an impressive talent pool for future openings at your organization.

The following are some ways to go about your upskilling effort, along with challenges that may need to be overcome.

Credit: MarketingProfs By:

Previous Post

Microsoft's February 2020 Patch Tuesday fixes 99 security bugs

Next Post

Deep Learning and Its 5 Advantages

Related Posts

Brand Positioning and Competitors’ Positioning
Marketing Technology

Brand Positioning and Competitors’ Positioning

March 5, 2021
A Quick Guide to Understanding YouTube Ads [Infographic]
Marketing Technology

A Quick Guide to Understanding YouTube Ads [Infographic]

March 5, 2021
CRM Shortcomings Leading to Lost Revenue
Marketing Technology

CRM Shortcomings Leading to Lost Revenue

March 4, 2021
What Is Intent Data? How to Get Started
Marketing Technology

What Is Intent Data? How to Get Started

March 4, 2021
How to Get More Marketing-Qualified Leads
Marketing Technology

How to Get More Marketing-Qualified Leads

March 4, 2021
Next Post
Deep Learning and Its 5 Advantages

Deep Learning and Its 5 Advantages

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Plasticity in Deep Learning: Dynamic Adaptations for AI Self-Driving Cars

Plasticity in Deep Learning: Dynamic Adaptations for AI Self-Driving Cars

January 6, 2019
Microsoft, Google Use Artificial Intelligence to Fight Hackers

Microsoft, Google Use Artificial Intelligence to Fight Hackers

January 6, 2019

Categories

  • Artificial Intelligence
  • Big Data
  • Blockchain
  • Crypto News
  • Data Science
  • Digital Marketing
  • Internet Privacy
  • Internet Security
  • Learn to Code
  • Machine Learning
  • Marketing Technology
  • Neural Networks
  • Technology Companies

Don't miss it

FTC joins 38 states in takedown of massive charity robocall operation
Internet Security

FTC joins 38 states in takedown of massive charity robocall operation

March 5, 2021
Google Cloud Certifications — Get Prep Courses and Practice Tests at 95% Discount
Internet Privacy

Google Cloud Certifications — Get Prep Courses and Practice Tests at 95% Discount

March 5, 2021
Three Finalists Selected in $4.5 Million Watson AI XPrize Competition  
Artificial Intelligence

Three Finalists Selected in $4.5 Million Watson AI XPrize Competition  

March 5, 2021
How to Boost Machine Learning in Healthcare Market Compound Annual Growth Rate (CAGR)? – KSU
Machine Learning

How to Boost Machine Learning in Healthcare Market Compound Annual Growth Rate (CAGR)? – KSU

March 5, 2021
Accellion zero-day claims a new victim in cybersecurity company Qualys
Internet Security

Accellion zero-day claims a new victim in cybersecurity company Qualys

March 5, 2021
How to Meet the Enterprise-Grade Challenge of Scaling AI 
Artificial Intelligence

How to Meet the Enterprise-Grade Challenge of Scaling AI 

March 5, 2021
NikolaNews

NikolaNews.com is an online News Portal which aims to share news about blockchain, AI, Big Data, and Data Privacy and more!

What’s New Here?

  • FTC joins 38 states in takedown of massive charity robocall operation March 5, 2021
  • Google Cloud Certifications — Get Prep Courses and Practice Tests at 95% Discount March 5, 2021
  • Three Finalists Selected in $4.5 Million Watson AI XPrize Competition   March 5, 2021
  • How to Boost Machine Learning in Healthcare Market Compound Annual Growth Rate (CAGR)? – KSU March 5, 2021

Subscribe to get more!

© 2019 NikolaNews.com - Global Tech Updates

No Result
View All Result
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News

© 2019 NikolaNews.com - Global Tech Updates