A Study on The Workforce Reskilling and Upskilling During Employee Development at Selected It Companies, Hyderabad

Abstract: In today's fast-evolving business landscape driven by the Fourth Industrial Revolution (4IR) and swift technological changes, organizations are under continuous pressure to remain agile and competitive. Because of this, reskilling and upskilling are becoming more and more important as proactive approaches to workforce growth. Examining how reskilling and upskilling affect satisfaction with work, efficiency, and organizational success is the goal of this study, which focuses on a few chosen fast-moving consumer good companies. Full-time employees were given structured questionnaires to answer in order to gather data, which was then analysed using both inferential and descriptive statistical methods. The results show that initiatives for ongoing skill development. The study comes to the conclusion that spending money on reskilling and upskilling improves employee's resilience, output, and retention in addition to filling in current skill gaps. As a result, companies are urged to put in place continuous learning initiatives that complement their objectives and the desires of their workforce.

Keywords: Reskilling, Upskilling, Employee Development, Job Satisfaction, Career Growth.