The Upskilling Paradox: Self-Funded Education Drives Career Growth
The TeamLease Edtech report reveals only 23.9% of employers sponsor upskilling, leaving 46% of employees to self-fund their education. Despite this, upskilling shows positive effects on appraisals, with 42% experiencing promotions within 18 months. Professionals, particularly in technology and finance, focus on strategic timing for career advancement.
- Country:
- India
A recent TeamLease Edtech report highlights a trend where only 23.9% of employers offer full sponsorship for employee upskilling. In contrast, 46% of professionals choose to self-fund their learning initiatives, sparking a call for strategic investment in employee education by companies.
The report, based on a survey of over 14,000 professionals across various industries, reveals that 84% engaged in upskilling driven by career planning and future readiness. Remarkably, 64% reported a positive impact on appraisals, and 42% earned promotions or salary hikes within 18 months of completing their training.
The findings underscore the importance of strategic timing, with over 40% of respondents pursuing upskilling close to appraisal cycles for maximum visibility. Technology and Finance professionals lead in self-upskilling, while Sales and Marketing favor short-term certifications, emphasizing the growing demand for flexible, cost-effective learning options.
(With inputs from agencies.)
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