A STUDY ON THE SIGNIFICANCE OF RESKILLING AND UPSKILLING IN BUILDING EMPLOYEE VALUE PROPOSITION IN IT COMPANIES

Abstract

Upskilling is undertaking learning to expand the skillset from the existing skillset. 
Reskilling means learning a totally new skillset from the employee’s existing skillset. The 
common thing about both is they help the employees to expand their knowledge, but they differ 
in the end result. With the advent of Industry 4.0 technological disruptions are taking place on a 
wider scale and Covid-19 has also accelerated the pace of these changes by increasing 
automation, remote work and flexibility at all levels in IT organizations. The IT companies have 
witnessed the surge in new technologies such as Artificial Intelligence, cyber security, data 
visualization, data analytics quantum computing etc. For this skill do a power is required so that 
the present skills in these organizations do not become obsolete to gain a competitive advantage. 
So, companies have come up with the idea of Employee value proposition that will motivate the 
employees to acquire new skills for the benefits and perks they receive in return for the skills, 
capabilities and experience they bring to the company that helps the company in achieving its 
goals. When we examine more on the EVP, it is about how the companies wishes to keep 
themselves unique in terms of motivating people to work and retaining great talents and 
attracting potential talents in the company by creating a uniqueness in what the company has to 
offer. As the IT companies are moving towards a technological shift it is important to understand 
the significance of reskilling and upskilling in building employee value proposition. In this 
research paper we aim to study the significance of reskilling and upskilling in building employee 
value proposition in IT companies through descriptive research design for obtaining the 
objective of the research, a pre-planned and structured questionnaire was used. A sample size of 
50 employees from different IT companies were approached on a convenient basis. Both primary 
and secondary data were used in compiling the study. Secondary data was collected from 
websites, books and articles while primary data were collected with the help of structured 
questionnaire from the employees of IT companies. 

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