A Study on Re-Skilling and Up-Skilling Initiatives for Succession Planning in Various Sectors

Abstract

The world today is changing at a faster pace. With the advancement of technology and the evolving new generations it has become imperative to have dynamic leadership in the organizations to manage the diverse workforce globally. The study examines the role of re-skilling and upskilling initiatives for succession planning in various sectors including healthcare, manufacturing, IT, automobile, education and many more. It is a long process that takes lots of time and effort to groom the individuals to fulfil the roles and responsibilities of the role that are capable of. It depends on the organizations size, vision and the industry to decide the right kind of leader who will take the organization to the next level. The kind of leader should have thorough knowledge about the industry, the organization’s past, present and what change needs to be incorporated to take the organization to the next level as per the vision of the management. This study used the quantitative research methodology involving surveys asked to the employees of different sectors. Findings suggest that reskilling and upskilling has become an integral part of organizational managerial development with the advent of new technologies and new AI driven trainings along with developing Emotional intelligence.