Lakshmi Mittra, SVP and Head of Clover Academy,
Discusses how investing in skilling not only bridges skill gaps but also empowers a future-ready workforce, essential for sustained growth and innovation.
As India enters its 78th year of Independence, the nation reflects on its remarkable journey from a newly independent state in 1947 to a burgeoning global economic powerhouse. This celebration of freedom and progress provides a timely opportunity to highlight a critical factor in sustaining and accelerating India’s growth: the strategic importance of skilling. Skilling, the process of empowering individuals with relevant skills and knowledge, has become a cornerstone in shaping India’s workforce and fuelling its innovation-driven economy.
As industries have advanced and new technologies have emerged, the demand for a highly skilled workforce has never been greater. By investing in skilling programmes, enterprises can not only address the immediate skill gap but also lay the foundation for sustained growth and competitiveness.
Here’s how skilling elevates the workforce
- Enhances workforce competency – Skilling ensures that employees possess the latest knowledge and technical skills, enabling them to perform tasks efficiently and effectively, which directly contributes to improved business outcomes.
- Fosters innovation – A well-skilled workforce is more likely to engage in creative problem-solving and experimentation, leading to the development of innovative products, services, and processes that can give businesses a competitive edge.
- Supports technological adoption – As businesses increasingly rely on new technologies, skilling helps employees adapt to and effectively use these technologies, ensuring smooth integration and maximising the return on investment in tech infrastructure.
- Promotes agility and adaptability – Continuous skilling equips employees to respond quickly to industry changes and market demands, making businesses more agile and capable of navigating challenges successfully.
- Reduces skill gap – Targeted skilling programs help bridge existing skill gaps within the organization, ensuring that businesses have the talent needed to meet current and future operational demands.
- Improves employee retention – Investing in employee development through skilling programs enhances job satisfaction and loyalty, reducing turnover rates and retaining valuable talent within the company.
- Drives sustainable growth – A skilled workforce is better positioned to contribute to the long-term success of the business, driving sustainable growth through continuous improvement and adaptation.
- Enhances customer satisfaction – Employees with up-to-date skills can deliver higher quality products and services, leading to increased customer satisfaction and repeat business.
- Enables global competitiveness – In a globalised economy, businesses with a skilled workforce can compete more effectively on an international scale, expanding their market reach and growth potential.
As we envision the future, it’s crucial to understand that the real strength of our nation resides in a skilled and empowered workforce. Skilling goes beyond merely enhancing individual abilities; it’s about sparking innovation, fuelling growth and shaping a future-ready India.
