In 2021, 47.8 million workers quit their jobs in the phenomenon known as the Great Resignation. And in the last two months of 2022, employers announced 120,486 job cuts.
The act of employees leaving employers happened during a time when labor demand was strong and unemployment was low. And now, some employers have laid off employees in an effort to cut costs.
Whether there are jobs to fill or areas where jobs are being cut, these situations have created a need to help existing employees grow their career with your company by honing in on their skills and learning new ones. This is often referred to as the need for upskilling and reskilling.
