Upskilling Employees Critical for SMBs to Bridge Growing Skills Gap and Drive Revenue
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There is a rapidly widening skills gap as new technologies like AI require new digital skills that many workers lack. 68% of UK employers struggle to find staff with needed skills.
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Small and medium businesses can pivot faster to provide training and certifications to upskill employees compared to larger companies.
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"Upskilling" boosts employee earnings (40-65% more) and company revenue (168% higher). AI can benefit less experienced workers.
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Smaller companies get more value from upskilling since each employee drives a larger percentage of productivity.
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51% of recruits choose training opportunities over higher salaries. Low/no-cost training resources are available like AWS Skill Builder.