Upskilling or Reskilling your Employees

Upskilling or Reskilling your Employees

As a result of the emerging new business climate in a post-Covid environment, many jobs have had to adapt into a new structure. Since many businesses have found themselves in a more digitised environment or in jobs that have been retrenched, there’s a growing need for skilled individuals in other sectors to step up.

A heavy focus has been on reskilling or upskilling employees to assist in economic recovery. It’s no longer just a recommendation for employees to be multiskilled – it’s now more necessary than ever.

Reskilling and upskilling can take place in three ways:

  • Formal learning, like at university or TAFE
  • Non-formal learning (learning activities that don’t result in a certificate but do result in skills)
  • Informal learning (learning from colleagues, supervisors etc)

This can then lead to either viable transitions in employment, or desirable transitions in employment.

  • A viable job transition involves moving from one job to another that is highly similar in terms of required knowledge, skills, abilities, work activities, education levels and experience.
  • A desirable transition for a job seeker or worker would result in higher wages in a field of work that is expanding rather than declining

There are many schemes available to employees and employers that can assist in upskilling. Employees may look into:

  • Fee-free courses (such as those that are TAFE or university endorsed)
  • Online workshops
  • Short courses
  • Certification (such as first aid or RSA)

Employers can also look into funding schemes from the government to help support their employees during this time.


If you believe the matters discussed above are relevant to your business, please contact Darren Smith of our office to discuss further.

Darren is a Chartered Accountant with extensive experience, including working in the big 4 and medium sized firms before becoming a partner of a city based firm in 2000.

He has gained much experience and has extensive knowledge in providing business and taxation advice, superannuation planning, negotiation of sales and acquisitions of businesses and property development. His client base covers a wide range of industry groups.

Darren works with business owners to grow their businesses and create personal wealth within and outside of their business.

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