Upskilling

This tag is associated with 23 posts

Upskilling – Wide-scale investment in upskilling has the potential to boost GDP by $6.5 trillion by 2030

Upskilling for Shared Prosperity is a call to action. It makes the economic case for providing employees with learning and development opportunities to expand their horizons while minimizing skills gaps. The report highlights certain challenges but also presents upskilling’s advantages. The report’s key findings include: 1. Wide-scale investment in upskilling has the potential to boost … Continue reading

Upskilling – A 7 Steps Guide

It’s not enough to just talk about upskilling people. It’s essential to understand exactly how to put an advanced, people-focused upskilling strategy in place now. Upskilling is all about preparing for the future Keeping people’s skills in sync with the constantly changing world of work is the biggest talent challenge of our time. To meet … Continue reading

Upskilling – Time to shift the paradigm : focus on the individual

Why aren’t companies making progress with upskilling? Because they’re focusing on the organization rather than the individual. Here’s how to change that. Time to Shift the Paradigm If the benefits of upskilling are so obvious, why aren’t most companies making progress? The problem is the paradigm. For too long, upskilling has focused on the company, … Continue reading

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

Upskilling in US – Policies that combine investments in English language and digital literacy are vital

English is essential – especially for essential workers The Covid-19 pandemic has vividly illustrated the centrality of frontline workers to the everyday functioning of American life. Many frontline workers are immigrants and/or English language learners – not unlike the US workforce overall, in which more than one in 10 workers has limited English skills. The … 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 Australia – For a business-led upskilling agenda

Where next for skills? COVID-19 has triggered unprecedented change in the workforce. How can business-led upskilling drive productivity and growth in the workforce. What can businesses do to give employees the right skills for the future of work? To enable a Business-led upskilling effort government need to; Work with business to deliver more responsive upskilling … 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

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, Low-Wage Earners and Upskilling – We want front line workers a chance to climb the occupational ladder

After World War Two, America expressed its gratitude to returning veterans by supporting their education. We subsequently renewed and made permanent these well earned benefits for veterans. We should do the same today for the people who are on the front line: grocery workers, food delivery workers, restaurant workers, building cleaners, hospital orderlies, EMTs, and … 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

Upskilling – 366,000 people in 197 countries surveyed

In one of the largest global surveys of labor trends and work preferences, BCG and online recruiting company the Network surveyed 366,000 people in 197 countries. The results revealed that most people are prepared to retrain for a new position.   If people feel that their livelihoods are affected by global megatrends, it follows that … Continue reading

Upskilling in Asia Pacific – By prioritising external talent over upskilling, many are missing out on potential benefits

Learning and development is seen as vital, but its quality must improve Learning and development (L&D) is an essential part of any job, with 70% of surveyed employees based in APAC seeing opportunities for L&D as important when considering a new job role. L&D can offer an array of benefits to employees and teams – … 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

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