Job Market Monitor
Reskilling
COVID and Reskilling – An opportunity ?
Containment measures imposed to stop the spread of COVID-19 have compelled businesses to lay off or significantly reduce the working hours of many workers. This is an opportunity to reskill workers so they are in a better position to tackle the new business, employment, and technological realities that will be more mainstream once the crisis is … Continue reading
Upskilling and Reskilling Needs in Europe – 128 million adults or 46.1% of the adult population of this area
This study is the first volume of Cedefop research on empowering adults through upskilling and reskilling pathways. It estimates the magnitude of the low-skilled adult population according to a broader conceptualisation which goes beyond educational attainment levels, and considers digital skills, literacy and numeracy, as well as skill loss and skill obsolescence. The study also … Continue reading
Reskilling and Upskilling in UK – National Retraining Partnership and National Retraining Scheme
The Fourth Industrial Revolution is changing the world of work at rapid pace and driving up the level of skills required. But this picture is complicated further by declining levels of adult participation in learning precisely at the time it needs to be going up. The UK skills situation is made more challenging by a … Continue reading
Reskilling – CEOs are now focussed on reskilling and upskilling their existing workforce says PWC’s 22nd CEO Survey
Automation, primarily in the form of robotics and artificial intelligence, brings with it the promise of improved productivity and higher profits — but at what cost to employment and, by extension, to society? What responsibility do corporations have to reskill employees who otherwise would be displaced by technology? And what value does reskilling offer an … Continue reading
Closing the Skills Gap – Business Commitment Framework
Background It is now well-recognized that the disconnect between education systems and labour markets, coupled with technological disruptions, is creating instability and insecurity to the livelihoods of many. Governments are under increasing pressure to nd solutions, including by involving the private sector in change efforts, although few are able to act rapidly and few work … Continue reading
Reskilling – Who is responsible?
From switchboard operator to film projectionist, three industrial revolutions down and we’ve already seen many jobs wiped from the face of the Earth. Emerging technology is rapidly dispensing P45s, pink slips or termination letters to the next round of workers. More than half the global labour force will need to start reskilling and reinventing how … Continue reading
Reskilling and The Future of Work in US – $24,800 per displaced worker, with $4.7 billion from the private sector to reskill 25% of all workers in disrupted jobs
As the Fourth Industrial Revolution impacts skills, tasks and jobs, there is growing concern that both job displacement and talent shortages will impact business dynamism and societal cohesion. A proactive and strategic effort is needed on the part of all relevant stakeholders to manage reskilling and upskilling to mitigate against both job losses and talent … Continue reading
Skills Gap – 3 Approaches for funding reskilling and upskilling
The skills gap is widening as the battle for talent intensifies It is becoming harder and harder to find talent with key skills, while redundancies and severance expenses are mounting. Investment in internal training can help tackle these issues, but companies often do not prioritise such initiatives owing to cost, time, the unclear return on … Continue reading
Future of Work – The costs of reskilling and upskilling for occupational transitions
This work contributes to the “Jobs and Skills” module of the Going Digital horizontal project and to the Skills Outlook 2019 on Skills and Digitalisation. It results from the cooperation between the Directorate for Education and Skills (EDU) and the Directorate for Science, Technology and Innovation (STI). It proposes an experimental methodology and first time … Continue reading
The Future of Work – Organizations need to develop skills in employees that make them more marketable and employable inside and outside the organization
Structural changes in the labor market, including an aging population and the rise of the gig economy, have created a persistent skills gap for employers. This mismatch in talent has become a top challenge for businesses, educators, and policy makers. Businesses understand that a predictable supply of workers is critical to their growth and viability. … Continue reading
The Future of Work – Job Transition Pathway Optimization Model for reskilling and upskilling
As the types of skills needed in the labour market change rapidly, individual workers will have to engage in life-long learning if they are to achieve fulfilling and rewarding careers. For companies, reskilling and upskilling strategies will be critical if they are to find the talent they need and to contribute to socially responsible approaches … Continue reading
Reskilling displaced workers – Don’t focus exclusively on traditional jobs
We’re not taking advantage of the full potential of “reskilling” workers. Conversations and solutions around job displacement are often limited for two reasons: 1) They focus exclusively on traditional jobs rather than “deconstructed” work; and 2) They focus on regional partnerships, rather than considering the global work ecosystem. Important solutions require seeing beyond “jobs” and … Continue reading
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