Skill Development on the Bench: Quantitative Insights

February 29, 2024

Employee training and development remain fundamental building blocks in the dynamic sphere of the contemporary workforce. 

When strategizing on fostering the true value of every employee, keep bench employees on the top. These valuable assets who may find themselves on the bench, temporarily idle between projects or roles, shouldn’t be taking bench periods as downtime. Instead, organizations can smartly harness the opportunity to invest in skill development, ensuring that their workforce remains agile, adaptable, and ready for the upcoming dynamic challenges.

This article focuses on the quantitative data from an extensive set of statistics, highlighting the remarkable weight of skills training for employees on the bench.

Here’s what we’ll cover:

  • Strategies for Skill Development on the Bench
  • The Importance of Bench Employee Skill Development Training: A Statistical Overview
  • Employee Training and Retention: A Symbiotic Relationship
  • Tech Training for Bench Employees: The Digital Skills Dilemma
  • Final Thoughts
  • FAQs about Skill Development on the Bench

Strategies for Skill Development on the Bench

Campus recruits undergoing specific skill set training are on the bench until they are ready to join their teams. Also, individuals undergoing performance evaluation or those between projects may find themselves benched. Here’s how the time can be utilized for skill development:

    • Provide more responsibilities: Delegate time-consuming tasks while providing the tools employees need to learn. 
    • Offer training and coaching: Providing training and coaching programs that focus on tech skills prepares them for various projects.
    • Assign challenging tasks: Pair challenging tasks with someone who is an expert.
    • Create a culture of learning: A learning culture ensures that employees stay up to date on the latest industry trends and acquire the skills necessary.
    • Provide hands-on training: While bench employees are not participating in active projects, simulate the tasks and give them a chance to build similar skills and expertise via virtual labs. 
    • Offer skill development programs: They focus on specific skills, add customized approaches, and evaluate the readiness of your bench employees. 
    • Practice Employee Recognition: Recognizing the contributions and achievements of benched employees helps sustain engagement and employee satisfaction. Adopt a system that appreciates and rewards. 

 

The Importance of Bench Employee Skill Development Training: A Statistical Overview

The strategy of bench employee skill development not only nurtures individual talent but also contributes to the overall resilience and long-term success of the company. 

Employees’ Perspective on Training

According to a Lorman survey statistics, a jaw-dropping 74% of employees feel they are not attaining their full potential as there is a lack of development opportunities at work. 59% of the employees claim there are no worker training provisions for them; instead, they learn through self-teaching. 

This proactive attitude toward learning speaks volumes about employees’ focus on ongoing skill development so that they can handle the rapidly changing demands of their roles. The responsibility to fill this gap with appropriate skill development training programs now rests on the shoulders of organizational leaders.

Employee Satisfaction and Development Opportunities

However, workers acknowledge the need for bench employee training, but the statistics reflect dissatisfaction over the opportunities. Not all employees are very pleased with the development opportunities provided to them. In fact, the Lorman report states that only 29% of employees are very satisfied with their current situation. Besides that, according to research by Charities, 74% of survey employees declared that they waste a major part of their workplace potential because they lack professional development opportunities. 

On the other hand, this discontent not only affects personal development but also the organization’s productivity and innovation. When the employees who feel less valued struggle to be at their best, they may not be able to contribute fully in their roles, which might reduce the organization’s overall performance.

Employers’ Perspective on Employee Training

The LinkedIn Workplace Learning Report reinforces the growing significance of learning and development, with 64% of HR leads and L&D professionals agreeing that L&D has progressed from a ‘nice to have’ to a ‘need to have’.

India’s top IT service companies like Infosys, TCS, Wipro, and HCL are strategically streamlining their strength on the bench to stabilize resource utilization rates. They are also increasing their investments in training the bench to minimize the need for lateral hiring.

Employee Training and Retention: A Symbiotic Relationship

The Cost of Turnover: Employee turnover affects both the financial status of the company and the possible loss of employee skills. Surveys suggest that businesses that poorly plan how to utilize their newcomers to the workforce have twice as many people leaving their companies within the first 12 months. This stresses the importance of effective training that leads to the acquisition of skills and a feeling of belongingness and integration within the corporate culture.

Retention Rates and Learning Cultures: According to Deloitte, organizations or companies that tend to teach their employees have greater retention rates: 30-50%. This fact reveals that employee satisfaction, prevocational learning, and the approximation of leaving the firm depend on each other.

Tech Training for Bench Employees: The Digital Skills Dilemma

Although tech skills are taking over the world of work, Salesforce data suggests that 76% of workers believe their companies should provide more education in digital learning. This affirms that organizations need to be flexible and devote resources to digital training to equip their workforce with the skills necessary as the environment becomes digitally dependable.

In fact, according to a Capgemini report, organizations plan to increase their investment in digital skills training by an average of 20% over the next fiscal year.

The tech skills dilemma is a challenge faced by many organizations, and addressing this issue for employees on the bench with skill development is crucial for maximizing their potential and contribution to the company.

Final Thoughts

By using the revelations from the above-mentioned figures intelligently, the organizations can plot the road ahead, which will not only view learning and development as an option but something that can’t be done without. 

Experience the transformation of your bench into a powerhouse of billable talents with Techademy’s ULXP platform for continuous learning. Convert your organizations’ Skill Currency into Real Currency!

Empower your workforce to seamlessly transition into billable roles with expertly designed training pathways, hands-on simulations, and personalized guidance. Unlock the full potential of your talent and drive organizational growth with Techademy. Get in touch today to get your employees off the bench and onto the path of long-term success.

FAQs About Skill Development on the Bench

Q1. Why is employee skill development crucial in today's workplace?

Training and skill development helps employees adapt, innovate, stay engaged, and stay competitive.

Online training is flexible and accessible, meeting employees’ preferences and increasing job satisfaction.

Techademy guides employees through training pathways and simulations. Techademy’s ULXP serves as an excellent platform for continuous learning. The hands-on training virtual labs and assessment platforms further equip your bench workforce with the right skills that make them billable.

About Techademy

The accelerated pace at which businesses are rushing toward digitization has primarily established that digital skills are an enabler. It has also established the ever-changing nature of digital skills, and created a need for continuous digital upskilling and reskilling to protect the workforce from becoming obsolete.

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