The research from global IT group Koenig Solutions found that three-quarters (74%) of workers believe the development of worker skills and capabilities is an important element in the organisation’s overall strategy.
One of the top three reasons for Australian employees to feel demotivated at work is feeling invisible or undervalued (43%). The consequences of unmotivated workers can lead to a reduction in productivity levels (49%), a decline in mental health (48%) and a reduction in quality of work (39%), according to the report.
The COVID-19 pandemic is also a factor, with 34% of Australians having trouble staying motivated while working from home. The research shows that small (21%), medium (16%) and large (44%) Australian businesses are looking to retrain existing staff over the next three months.
Chris Tzalabiras, HR and IT training expert at Koenig Solutions, has dealt with both sides of the coin, working with employers and employees alike. He said investing in current staff is the best way to boast morale and skill sets within the company.
“In these uncertain times, it costs businesses significantly more to recruit new staff members than to invest in upskilling them. There couldn’t be a better time to upskill, as people are working from home with less distractions. Costs and timing aside, upskilling allows employees to feel more valued within the organisation,” he said.
“If staff sense that they will be appreciated more elsewhere, they are less likely to show loyalty to their current workplace and entertain other opportunities.”