What is the role of universities in global upskilling?
Wide-scale investment in upskilling has the potential to boost global gross domestic product (GDP) by US$6.5 trillion by 2030 and lead to the creation of 5.3 million net new jobs globally by 2030, according to a new report published by the World Economic Forum (WEF) on 21 January.
Upskilling for Shared Prosperity, prepared in collaboration with PwC, is a call to action. It makes the economic case for providing employees with learning and development opportunities to expand their horizons while minimising skills gaps and makes sweeping generalisations while presenting country- and region-specific information that indicates that there are great differences between these.
But to achieve this, around 54 per cent of employees would need to reskill or upskill. What types of skills could you be learning to help you adapt and add value in your current role? How can you expand your skill set without compromising on your career momentum? What would you like to be learning to widen your skillset and keep up with the demands of modern consumers? Conversely, as a business owner, could you be offering upskilling opportunities to your employees to boost experience within your team, benefiting your business in the long term? Micro credentials are certification-style qualifications that people choose to study to improve a skill in a particular industry area.
Davos Agenda: What you need to know about the future of work
The events of the past year have disrupted work, education and society.
From 25-29 January 2021, The Davos Agenda will bring global leaders together to discuss these challenges and the solutions needed to drive recovery and ensure that society and the future of work are sustainable and inclusive.
On the plus side, the pandemic has accelerated trends that have been a long time coming: digitization of workplaces and the platform economy, the expansion of remote and flexible work, and virtual education.
However: “for the first time in recent years, job creation is starting to lag behind job destruction – and this factor is poised to affect disadvantaged workers with particular ferocity,” according to the World Economic Forum’s Future of Jobs Report 2020.
POLITICO
Four in 10 companies say they can t find workers with the right skills.
John Heckert wipes his eyes as he uses a computer to fill out paperwork for unemployment insurance at Eastbay Works Oakland One-Stop Career Center. Photo by Justin Sullivan | Getty Images
Link Copied
Four in 10 American employers are struggling to find workers with the right skills for at least some of their vacancies, according to a new survey of 850 companies. That s despite a 6.7 percent unemployment rate and remote working broadening the talent pool for many roles.
Employers need to be “implementing reskilling programs to gain a competitive edge as they recover from the pandemic,” said Mike Smith, global CEO of Randstad Sourceright, which commissioned the survey.
The Jobs Of Tomorrow this post authored by Saadia Zahidi
The World Economic Forum’s
Future of Jobs Report 2020comes at a crucial juncture for the world of work. The report, now in its third edition, maps the jobs and skills of the future, tracking the pace of change based on surveys of business leaders and human resource strategists from around the world.
Some jobs will disappear and others will emerge as the world faces a dual disruption.
This year, we aim to shed light on the effect of pandemic-related disruptions placed in the broader context of longer-term technology trends. Here are the five things you need to know from our findings.