Boost Your Career with Self-Funded Learning: TeamLease Edtech Report
Over a third of professionals experienced promotions and salary increases following skill development, as reported by TeamLease.
Elevate your professional journey with self-funded learning - a smart move that could lead to fantastic outcomes, as revealed by the latest report from TeamLease Edtech. Here's the scoop!
Authentic GrowthOver 64% of professionals reported a significant improvement in their appraisal outcomes following self-directed learning, according to the survey, with 42% (yes, almost half) of them bagging promotions, pay raises, or advanced roles within just 18 months! [2][3][1]
Your Initiative, Your GainInvesting in your learning not only arms you with skills, but also showcases your commitment and initiative, leading to recognition, increased responsibility, and decisive career advancement. This is something fancily referred to as "real career momentum." [1][2][3]
Stay Ahead in a Changing MarketIn competitive job markets, upskilling could be the key to building resilience and ensuring future readiness. It's a top motivator for long-term planning, with 84% of professionals actively upskilling over the past year. [2][3][1]
Smart Timing for Maximum ImpactMore than 40% of professionals strategically aligned their upskilling efforts with performance review periods, maximizing the visibility and persuasive power of their new skills. [2][3]
Strategic UpskillingThe report interestingly highlights that technology and finance professionals showed the highest inclination for self-initiated learning (78.3%), while sales and marketing professionals preferred cost-effective, short-term learning options for immediate application. [2][3]
So, are you ready to act, learn smart, and think long-term? The report is a call to action for organizations to invest more strategically in structured upskilling programs that align with performance cycles. This'll keep your engines running smoothly and propel you towards success in your career. [1][2][3]
Keep learning, keep growing with our platform, your one-stop destination for knowledge and advancement.
Source: TeamLease Edtech report | 14,000 respondents across various industries and functions | Survey conducted in India
[Enrichment Data]:- Over 64% of professionals reported a positive impact on appraisal outcomes after self-funded learning.- 42% of professionals experienced promotions, salary hikes, or enhanced roles within 18 months of completing their upskilling programs.- Self-funded learning provides recognition, increased responsibility, and real career momentum.- Upskilling helps professionals build resilience and ensures future readiness.- 40% of professionals strategically upskilled close to appraisal cycles for maximum visibility.- Technology and finance professionals showed the highest inclination for self-initiated learning, while sales and marketing professionals preferred short-term and low-cost learning options.- 84% of professionals engaged in some form of upskilling over the past year.- Only about 23.9% of employers provided full sponsorship for learning initiatives, while 46% of professionals chose to self-fund.- Formal education still holds its weight in promotions and performance discussions, though professionals believe that upskilling offers tangible benefits as well.- The survey covered professionals from various industries like technology, finance, sales, operations, and human resources.
- Self-funded learning could potentially lead to career advancement, such as promotions, pay raises, or enhanced roles, as showcased by over 64% of professionals who reported a significant improvement in their appraisal outcomes.
- Investing in education-and-self-development and career-development training, like skills-training, is not only about gaining new skills but also demonstrating commitment, initiative, and a desire for real career momentum.
- Defi and finance professionals showed the highest inclination for self-initiated learning, underscoring the importance of upskilling in staying ahead and competitive in ever-changing markets.
