Four reasons to upskill in 2025

As we head into 2025, businesses are facing a tough landscape. Rising costs, shrinking budgets, and economic uncertainty are creating pressure across New Zealand. However, one thing to keep in mind is that while tough times don’t last, skilled people do.

While your competitors stand still, focus on identifying skills gaps that are holding back your business and train through the adversity. Building your business’s capability now will put you in an advantageous position when the economy improves.

The speed of technological change will outpace any economic downturn.

1. Reduce costs through skilled teams

With tighter margins, businesses need employees who can do more with less waste. Training your workforce enhances problem-solving, improves efficiency, and reduces costly mistakes. Skilled workers make better decisions, helping your business operate smarter and leaner.

2. Adapt to industry changes

Industries are evolving rapidly, and businesses that fail to keep up risk falling behind. From new technological advancements to shifting regulations, businesses must stay ahead of industry trends. “Training ensures your team remains agile, knowledgeable, and competitive in an ever-changing market. Investing in training helps your business lead the way rather than trying to catch up” says Competenz Executive Director Amanda Wheeler.

3. Retain talent

Replacing staff is more expensive than ever. When employees feel undervalued, they leave, taking their skills and experience with them. Investing in training fosters loyalty and keeps your team engaged. Show your employees they have a future with you, and they’ll commit to your business through tough times.

4. Future-proof your business

Investing in workforce development today sets up your business to be able to scale up when the economy rebounds. Those who upskill today will be the industry leaders of tomorrow.

At Competenz, we’re committed to helping businesses turn talent into capability through practical, cost-effective training solutions. Whether you’re upskilling existing staff or bringing in new apprentices, we provide the tools to keep your business strong—even in tough times.

Don’t wait for conditions to improve—take control now. Talk to Competenz today and build a workforce that’s ready for anything.

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