Job Market Monitor
Reskilling
Upskilling and Reskilling in Europe – A potential of 128 million adults (46.1% of the adult population)
As 2020 approaches, and the EU is still far from attaining its benchmark of 15% adult participation in learning, our societies face multiple challenges: technological changes, including digitalisation and its consequences for the future of work; ageing societies; the need for the greening of the economy; and social inclusion. Europe must improve and maintain high-level … Continue reading
Reskilling – Glenn Youngkin on Virginia Ready Initiative
Youngkin, chair of the Virginia Ready Initiative, talks about easing unemployment and strengthening Virginia’s economy by connecting people with training, financial support, and job opportunities. About 80 percent of the newly unemployed folks do not have a college degree. They work in sectors that are the most economically exposed. And they are disproportionately racial and … Continue reading
Future of Work – Leveraging human potential : The World Economic Forum’s Report 2020
The COVID-19 pandemic-induced lockdowns and related global recession of 2020 have created a highly uncertain outlook for the labour market and accelerated the arrival of the future of work. The Future of Jobs Report 2020 aims to shed light on: 1) the pandemic-related disruptions thus far in 2020, contextualized within a longer history of economic … Continue reading
Skills in UK – Nine out of ten employees will need to reskill by 2030 : a strategy
Last month, the CBI welcomed the Prime Minister’s bold steps to help solve the urgent skills challenge facing the UK. But research carried out prior to the pandemic suggests the country is now at a fork in the road. Invest more in adult education to level up opportunity across the country and boost competitiveness. Or … Continue reading
Reskilling and Upskilling – Guidelines on Rapid Assessment in response to the COVID-19 crisis
Skills development has an important role to play in the immediate effort to lessen the impact of COVID-19 while the pandemic is active, in building the resilience of workers and firms, and in preparing for recovery. Time is of the essence in this response, to help speed recovery from recession, to get people back to … Continue reading
Reskilling for Industry – Leaders are unprepared
The future of work will require two types of changes across the workforce: upskilling, in which staff gain new skills to help in their current roles, and reskilling, in which staff need the capabilities to take on different or entirely new roles. Our research suggests that the reskilling challenge will be particularly acute in operationally … Continue reading
COVID, Reskilling and Upskilling – 42% of companies stepped up their investment while 42% of employees have pursued training on their own after the coronavirus outbreak
Employee reskilling and upskilling training is in the spotlight. Learn how and why companies reskill and upskill their workforce and what employees think. In late 2019, the World Economic Forum issued an alert. Lack of skills was keeping CEOs awake at night. The only way to bridge the skills gap is through upskilling or reskilling … Continue reading
Recovery – Upskilling and reskilling remote workers
Embracing remote working poses serious early-stage challenges for organizations, across the operating-model dimensions of people, structure, process, and technology and leaders have an essential role to play in developing solutions to tackle these challenges in the short term (Exhibit 1). Our recent findings show that although 87 percent of executives said they were experiencing skill gaps … Continue reading
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
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