Upskilling: How Professional Development Can Improve Company Performance and Employee Retention

In January (2020), the Bureau of Labor Statistics calculated the US unemployment rate at just 3.6%. Though a low unemployment rate is usually good news for an economy, fewer people searching for employment means a smaller pool of talent for businesses, often leaving employers desperate to find the skilled workers needed to fill open positions. Upskilling your employees is a critical process in reducing the need for outside hires and increasing internal promotions.

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