Why invest in upskilling?
Doom and gloom about technology eliminating human jobs has been around for hundreds of years. But how often do we hear about the other side of the coin?
New technology like generative AI empowers a workforce with ideas and new, creative directions. We believe companies that adapt to these latest tools – encouraging reskilling and upskilling – will be those best poised to reap their benefits.
The World Economic Forum’s 2023 Future of Jobs Report predicts 50% of all global employees will need reskilling by 2025 as technology adoption increases.
Future of Work thought leaders appreciate the benefits of upskilling:
Gartner reports companies embraced a “quiet hiring” policy in 2023, focusing on internal growth opportunities to boost retention and demonstrate growth.
LinkedIn Learning’s 2022 workplace learning report found 46% of Learning & Development (L&D) leaders prioritized upskilling and reskilling.
The Computer and Technology Industry Association indicates that 7 in 10 HR professionals emphasized upskilling and reskilling in 2023.
Upskilling looks different for every company. Our Talent & Development program prioritizes investing in our Krakenites, supporting our 2,300+ globally distributed Krakenites in 60+ countries.
So far, we’ve had great success with our upskilling courses. Krakenites that attend our workshops report a satisfaction score of 94%.
How Kraken approaches upskilling
Thematic training options
Flexible, continuous and self-directed education opportunities foster a company full of lifelong learners. Themed training months — focusing on the latest crypto industry developments — empower employees. When AI burst onto the scene in 2023, we introduced a “Productively Paranoid” session integrating AI tips aligned with Kraken’s security policies.
In-work learning
A variety of structured learning opportunities are integrated into our workday. Monthly info sessions cover key crypto topics, allowing Krakenites to upskill their knowledge through crypto fundamentals sessions and also address topics like time management and burnout prevention.
Listen and learn
We foster a culture of continuous improvement by building courses based on Krakenites’ feedback. We provide sessions such as How To Talk About Crypto With Friends and Loved Ones, Derivatives and Futures in the DeFi World and Secure Elements, (where Kraken Security Labs reviews hardware wallet design and functionality).
Social learning and gamification
We encourage Krakenites to act as educators, sharing expertise with peers every day through internal channels, cohort events and knowledge sharing platforms. Incorporating gamification into learning management systems enhances engagement and motivation. Our client engagement team organizes regular trading competitions – a form of dogfooding – to familiarize teams with our products.
Learning content ≈ Business strategy
We align learning content with our organizational priorities and business strategy, starting by clearly defining the skills required for different roles. We need to be comfortable learning on the go and operating with Savage Velocity — which requires focuses on cultivating an ownership mindset, clarifying priorities and embracing constructive disagreement. We always assume positive intent and commit to collective decisions.
Leveling up with soft skills
Soft skills — such as communication, teamwork and problem-solving — enable adaptable, cohesive teamwork in our rapidly evolving industry. While technical skills in blockchain development are irreplaceable, collaborative efforts and engagement with diverse teams, stakeholders and global communities are integral to the success of any crypto project.
That’s why Krakenites built our Level Up series. These trainings develop soft skills, building resilience, conflict resolution and time management:
Art of Assertiveness: Krakenites learn to identify their level of assertiveness, explore assertive behaviors, practice saying “no” tactfully and apply assertiveness techniques to various situations. These skills empower confident communication and effective boundary-setting.
Embracing a Growth Mindset: Krakenites are taught the difference between fixed and growth mindsets, how to assess their position on the growth mindset continuum, and how to implement growth mindset strategies into their work approach.
Power to Influence: Krakenites explore how to identify their strengths and areas for development. These sessions cover how specific behaviors expand influence and detail steps Krakenites can take to drive positive change within the company.
Upskilling: A circular journey
Investing in growth and development through upskilling is a necessity in today’s crypto workplace. It benefits all involved. Upskilling is one of the most important tools for employee retention, helping any organization to maximize in-house talent.
Want to stay ahead in crypto? Get started in the Kraken Learn Center:
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any crypto asset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular crypto asset it makes available. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the crypto asset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your crypto assets and you should seek independent advice on your taxation position. Geographic restrictions may apply.
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