Today, the world of work is constantly changing. The rise of new technologies, frequent regulatory changes and the emergence of new economic models have profoundly changed the skills required in the labour market.
To meet these evolving needs, The Luxembourg State has put in place support systems for businesses to contribute to the financing of continuing education. According to the latest figures, in 2021, 2,248 private-sector companies received State aid to finance their training plans, representing 1.3% of the payroll of these companies.
Skills development
All sectors of activity are experiencing more or less frequent changes. Continuing education allows employees to:
- Keep their skills up to date,
- To be more efficient in their missions.
In some cases, training regularly is unavoidable. For example:
- IT sector: Employees need to update their knowledge constantly to keep up with the rapid evolution of software, programming languages, or cybersecurity standards.
- Medical sector: It is essential to follow new techniques, technological innovations and regulations in order to provide a quality service.
An employee who does not follow any training ends up accumulating shortcomings. This complicates the upgrade, increases the risk of errors and jeopardizes the company's competitiveness.
In addition, skills development can also improve well-being at work, a central subject in Luxembourg.
Employee loyalty and commitment
For employees, having to train outside the company can pose several challenges:
- financial costs,
- Organizational difficulties.
Offering internal training not only makes it possible to overcome these obstacles, but also to value employees. If an employer empowers its employees to evolve and excel, it sends them a clear message: “We believe in you.”
This reinforces:
- The feeling of recognition and loyalty,
- The attachment and loyalty of employees.
In a market where talent retention is crucial, investing in continuing education makes it possible to limit turnover and improve the company's reputation.
Increased productivity and competitiveness
To be trained is:
- Get out of the daily routine,
- Stimulate creativity and ideas,
- Unlock motivation through new challenges.
Continuing education reduces boredom and stress, while increasing employee performance. Trained and competent employees:
- Respond more effectively to innovations,
- Adapt better to unexpected upheavals.
Brand image
The image a company conveys to its customers and the public depends in part on its employees. Competent and motivated employees directly influence the overall image of the company.
Some companies, like Google, invest heavily in the professional development of their employees to ensure their development. This contributes to strengthening their image as a leader in corporate culture.
Investing for the future
Continuing education should be seen as a long-term strategic investment:
- It limits the costs associated with turnover, reduced productivity and the loss of customers.
- It guarantees the rise in skills of employees and reinforces the sustainability of the company.
By developing internal skills, a company:
- Ensures its capacity for innovation,
- Adapts to economic and technological challenges.
In a world where jobs are changing rapidly, continuing education is no longer an option: it is a real necessity.
