Reskilling

This tag is associated with 6 posts

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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