DATA DEEP DIVE: Upskilling and Reskilling Our Workforce

The employer’s role in upskilling: According to more than 9,000 business and HR leaders surveyed by Deloitte, 73% agreed that organizations are responsible for developing their workforce, followed by individuals themselves (54%).

Employers are responding to the request for reskilling and upskilling, and it’s benefiting business. When it comes to investing in skills-based training, more than half of the respondents in a U.S. Chamber Foundation and SHRM survey indicated the investment provides a return-on-investment and that existing skills gaps can be directly addressed.

Employers find value in outside education opportunities, too. Nearly three out of every four employers offer a tuition assistance program. Three-quarters (74%) of employers reported that the program provides a returnon-investment, and an equal number reported the program improves employee attention.