Indian companies think upskilling to be crucial but do not assign budget for it: Report | Jobs News, The Indian Express
While a majority of Indian companies (78 per cent) believe that further learning and skilling opportunities for employees are ‘instrumental in boosting organisational performance’, nearly half (47 per cent) of them have not assigned any budget for upskilling their workforce, according to a latest report conducted by Great Learning, an ed-tech platform.
Among those who have set aside a budget for skilling, the entire amount is not paid by the company. As per the report, 22 per cent of the company said that their skilling initiatives were driven by employees but either partially or fully reimbursed by the company. In 27 per cent of the cases, upskilling programmes are entirely up to the employee to drive and fund.