Competence Augmentation Drives Workforce Efficiency

Abstract

Skill Development refers to the process of acquiring and enhancing competencies, knowledge and abilities that enable workers to perform specific tasks effectively. It helps personnel adapt to changing job requirements with innovation and contributes to organizational success. It facilitates a cycle of high productivity, increased employment opportunities, improved job satisfaction, enhanced adaptability to new technologies, income growth, and development. In this juncture, employee retention rates also uplifted. A healthy working climate viz. openness, trust, and collaboration is indeed need for developing human resources are the responsibilities of every organization. This paper narrates the importance of skill development and the ways and means to increase workforce productivity in the competitive digitalized era.