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Why reskilling won’t always guarantee you a new job
The Problem With Reskilling
- Globalisation and technological progress have impacted the well-paid ‘blue-collar’ jobs negatively, apart from disrupting routine office work. Addressing a skills gap by training workers sounds great in theory, but various studies point out to a different reality: skilled workers are already in oversupply.
- The problem arises from the retraining occupations that workers are doing, which may not be what the industry requires, but just a small fraction of the total vacancies. Add to this the fact that technology itself is automating tasks at a brisk pace, eliminating thousands of jobs altogether.
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Key Ideas
The future workforce
In the future, change is the only certainty.
Workers, employers, and education providers need to be agile, flexible and prepared to adapt as technology continues to interrupt industrie...
Education vs training
Until two decades ago, the general goal of colleges was for academic pursuits and teaching individuals to become more well-rounded. The general thought was that colleges were not vocational institutions.
Now, and possibly in the future, colleges will have to focus more on training and change their curriculum to meet the demands of employers.
Alternatives
A four-year college education remains the best choice for those who can get admitted to a selective university. But for everyone else, an alternative path might be the best way to go.
In the future, one training path will be company-sponsored apprenticeship programs to cover the skills missing between the secondary system and what employers are looking for.
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Key Ideas
Cycle Of Obsolescence
- Today's school and college education systems do not guarantee a life long career, as it gets obsolete in only five years.
- Individuals must constantly update themselves, enhancing their...
Peer-to-Peer Learning
Old-school learning techniques that involve huge investments of time and money are getting increasingly unfeasible.
New ways to learn, using various online tools, allows people to upgrade and refresh their skills. There are peer-to-peer learning platforms where experts are teaching how to attain mastery at specific skill-sets.
Shorten the Learning Times
Spending years in the classroom to learn a subject is keeping the individual unproductive.
Shortening the educational time commitment, and providing more hands-on work experience can make mastering skills easier and provide the young workforce with tangible, real-world skill-sets like confidence, adaptability, computational thinking and a design mindset.
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Key Ideas
The model of future work
By 2030, up to 30 to 40 percent of all workers in developed countries may need to move into new occupations or upgrade their skill sets. Skilled workers in short supply will become even scar...
Employers should lead the way
The pace and scale that technology disrupts is a social, political and business challenge.
Employers are best placed to make a positive societal impact, for example, by upgrading the abilities of their employees and equipping them with new skills. Employers will also reap the greatest benefit if they can successfully transform the workforce in this way.
Talent is the largest barrier
Talent is the largest barrier to the successful implementation of new strategies.
Many leading businesses realize that it is quicker and more financially prudent to look internally and develop the talent they already have. Yet only a third of global executives report that their organizations have launched any new reskilling programs.