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The Impact of Skill Development on Employee Retention and Productivity in Industries

1. Enhancing Employee Retention: One of the primary benefits of skill development initiatives in SEZs is their positive impact on employee retention. When employees are equipped with the necessary skills and knowledge to perform their jobs effectively, they are more likely to feel valued and satisfied in their roles. This, in turn, leads to higher job satisfaction and loyalty towards the organization. By investing in skill development programs, Industries can create a supportive and growth-oriented environment, reducing the likelihood of employees seeking opportunities elsewhere. 2. Improving Productivity: Skill development programs not only contribute to employee retention but also have a…

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g20 summit, g20

G20 countries to focus on skill gaps, work and social protection policies

To prepare for the future of work, the leaders of the world’s top economies welcomed efforts to map global skill gaps and the development of a G20 policy to address skill gaps globally. Recognising that well-integrated and adequately skilled workers benefit both the origin and destination countries, leaders of the G20 nations have decided to develop skills-based migration pathways and achieve sustainably financed universal social protection coverage, at the leaders’ summit on Saturday. To prepare for the future of work, the leaders of the world’s top economies welcomed efforts to map global skill gaps and the development of…

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skill india mission, skill development courses, online courses

India Ready to be Global Skill Capital with Skill India

“India has the potential to become one of the largest providers of skilled workforce in the world,” said Prime Minister Narendra Modi underscoring India’s potential to lead a skill revolution at the global level. With over 65% of its youth in the working age group, India holds the advantage of a blooming demographic dividend unlike any other country in the world. However, the full benefits of this dividend can be realised only if the youth is equipped with the right kind of skills—skills required to meet the demands of modern, cutting-edge jobs. Hence, a focus on innovation, education, and nurturing…

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skill india, skill india mission, skill development, pmkvy franchise

Skill Development: A must for the future workforce!

We have to prepare our workforce well beforehand to aptly position ourselves for this future. Ultimately, what is the point in selling oranges when the market only needs apples? Today, mankind is adopting technology and digitization unlike it has done ever before. As a result, the trend has enabled us to attain an evolved lifestyle with specialized job roles. But what is the need for such a level of specialization? Well, a tech-driven future is the only future that our society belongs to. All of us have experienced its advantages and relevance in our ‘new normal’. However, one…

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