the strategic imperative of upskilling and succession planning
In today’s rapidly changing business environment, the importance of upskilling your workforce and implementing effective succession planning cannot be overstated.
As industries evolve through technological innovation and shifting economic demands, organisations must proactively develop their people to stay competitive and resilient.
Launchpad is hosting a valuable event focused on helping businesses unlock the potential of training, apprenticeships, and long-term workforce development.
This is a unique opportunity for businesses and employers to:
- Explore how learning and development has evolved over the last 30 years and what that means for modern organisations.
- Hear real-life success stories, including Lauren’s inspiring journey in the construction sector.
- Learn how to access funding and maximise the benefits of apprenticeships.
- Discover the latest trends in accountancy apprenticeships and skills growth.
- Connect with industry experts and other local businesses.
Event details:
- Location: Launchpad, Airport Business Park, Cherry Orchard Way, Rochford, SS4 1YH
- Date and time: Friday 16 May, 10:00am – 1:00pm
- Cost: Free (refreshments provided)
The cost of poor workforce planning
Failing to invest in workforce development can be costly.
According to research, 80.5% of HR professionals say changes in National Insurance have made it harder to manage costs and plan effectively for staffing needs.
Moreover, poor people management costs UK businesses around £100 billion a year, reducing operational efficiency by as much as 8% (KCA People).
The value of apprenticeships
Apprenticeships provide a sustainable solution to skills shortages and succession challenges.
In the 2023/24, there were over 736,000 people undertaking apprenticeships in England, with more than 339,000 new starts (UK Parliament).
Encouragingly, 92% of companies that employ apprentices report a more motivated and satisfied workforce, while 80% say apprenticeships have helped improve staff retention.
Conclusion
Upskilling and succession planning aren’t optional. They are essential for sustainable growth and resilience.
Attending Launchpad’s Empowering skills and talent: The future of learning and apprenticeships event is an excellent way to gain insights, build partnerships, and make informed decisions about the future of your workforce.
By investing in learning today, your business will be better equipped to meet the challenges of tomorrow.
