In this episode of Hireside Chats, we explore the transformative impact of upskilling on employee retention and workforce skills in the contemporary workplace. Host Sriram Rajagopal, Founder Diamondpick, chats with Nick Greif, the VP of Go-to-Market Strategy & Communications at InStride, about challenges faced by organizations in retaining talent, the evolving landscape of employee expectations, and the crucial role of continuous learning in fostering an engaged and loyal workforce.

(01:28 ) Introduction to guest and the platform

(02:30 ) Part 1: The Retention Challenge

(02:43 ) What are the common challenges organizations face with high employee turnover and employee retention issues? How does high turnover impact organizational stability and productivity?

(04:36 ) In your opinion, what are the main reasons why employees tend to leave organizations after a short tenure?

(06:30 ) Part 2: The Power of Upskilling: 

(06:50 ) Can you tell us how continuous learning and upskilling contribute to a company's competitive edge? How does it help to overcome retention challenges? 

(09:04 ) Can you share success stories of organizations that have effectively implemented upskilling programs for their employees and the impact it had on retention and turnover?

(12:01 ) Part 3: Benefits of Upskilling

(12:23 ) From an individual point of view, from an employee's perspective, Are there any specific skills or upskilling programs that have shown a greater impact on employee retention over others? In general, do people see it as an investment in them?

(14:19 ) Part 4: Prioritizing Upskilling in High Turnover Environments

(14:47 ) Have you seen the investment in learning succeed as a tool to retain and upskill because you know that's what the individual is worried about today, right? 

So, how do I get to a better position or pay? Have you seen it work in such environments as well? 

(16:43 ) Do organizations have to tweak their entire strategy around growth and development and new talent acquisition in light of this investment?

(19:19 ) Q&A

(19:26 )  According to you, the biggest retention challenge today. What do you think is the biggest retention challenge today that organizations face? 

(19:42 ) A must-have in a learning culture?

(19:50 ) A top must-have skill for modern employees?

(20:06 ) A quick tip for companies looking to enhance employee adaptability?

(20:25 ) A quick tip for employees looking to upskill their way to success?

(20:42 ) Part 4: Closing Thoughts