Invest to improve your skills
Rising skills can help you develop your future, both professionally and financially.
The pandemic has posed an unprecedented challenge not only for our health, but also for our professional life and our finances. With businesses closing, job cuts, pay cuts, the pandemic has caused financial upheaval that many may find it difficult to cope with. With the world changing rapidly, skills quickly become obsolete and the best way to thrive in this environment is to develop and sustain your career.
The Fourth Industrial Revolution brought about change in every industry, increasing the demand for new skills. According to the Future of Jobs report, by 2022, around 54% of employees around the world would need to requalify and upgrade.
Although learning on the job helps you hone your skills, but actively developing your skills by taking a relevant development course can proactively help you advance in your career, thereby generating higher income and more wealth at the workplace. over time.
The rise in competence has become easier
Taking a refresher course is easy as many companies are now taking the online route, offering training in the form of a virtual classroom, e-learning content, micro-learning modules, and more. Towards the end of the course, the candidate receives a certification of completion or excellence which is strong evidence of skill development. Moreover, India’s edtech sector is also booming with companies like UpGrad, AttainU, Board Infinity offering a plethora of courses for every type of industry in association with the best universities in the world. The edtech companies also play a role of intermediary between recruiters and professionals taking the course.
Gateway to better opportunities
Companies are now looking for a digitally agile workforce. Taking refresher courses in AI, machine learning, robotics, data science, and digital marketing helps you improve your skills, allowing you to meet challenges and stay relevant to the job. In addition, you can also take refresher courses in areas such as health and beauty, cooking, childcare, management and others.
Assess the skills you need
How you choose the skills you need highly depends on the industry and organization you work with or aspire to work for. However, choosing the course that matches your profile is key, as it will help you improve your skills, contribute more, and further increase your chances of earning more financial benefits. To understand the skills you need to master, brainstorm and create a list of the things you want to achieve. Think about the artist you admire? What lifestyle do you want to lead? What skills excite you the most? You can also attend a career counseling session to gain clarity or take a psychometric test to understand this would also help you make a decision.
Find the right course
When looking to invest in skills upgrading, taking trending courses seems like a lucrative option. In the midst of the skyrocketing course, you might get confused to find the right course. Therefore, you need to evaluate various career options, the flexibility of the part-time or full-time course, check the reviews, understand the scope of the topics covered, do a brief comparison, and even do a cost comparison. Talk to professionals who have taken the course before to better understand what you can expect from it. Evaluate if the course would help you get the job of your dreams or help you get a bigger role in your current organization.
Finding Financing Options
With the increasing demand for refresher courses, many lenders have now started to offer loan facilities, allowing professionals to take the course of their choice without worrying about fees. Employed professionals or job seekers with no credit history or a low credit rating can apply for a loan even with a score as low as 650. Financial technology and credit card companies offer “no credit” facilities. EMI Fee and Easy ”for refresher courses, providing instant approvals and disbursements, making it easy for the candidate to start the course. The loans for these courses are given for a term of 3 to 36 months, which allows individuals to repay the amount easily without hassle.
In addition, many fintech players work on the basis of a revenue sharing agreement where the professional taking the course can pay the IME after getting a job.
Watch your income grow
Rising skills can help you develop your future not only professionally, but also financially. You can expect 30% to 60% profit growth, which can help you build a strong financial body! Most importantly, increase your confidence and the longevity of your career by learning the right skills.
The author is founder – Credit Fair
DISCLAIMER: The opinions expressed are those of the authors and Outlook Money does not necessarily endorse them. Outlook Money will not be liable for any damages caused to any person / organization directly or indirectly.