Job Market Monitor
Upskilling
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
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
Low Skills in Europe – The Upskilling pathways
In 2017, 15.7% of low-qualified young Europeans aged 15 to 29 were not in education, employment or training (NEET), compared to 9.6% of their better educated peers. In the same year, the unemployment rate of low-qualified adults of working age (25 to 64) stood at 13.9% in the EU-28 while that of their highly qualified … Continue reading
Upskilling for the Future – How SAP does it
SAP (a global software company based in Walldorf, Germany) digital-business-services (DBS) division, one of the main divisions in the company, with around 20,000 employees, began implementing a comprehensive workforce skills upgrade in 2017, to support shifts in its product portfolio toward more digital innovation and cloud products. The upgrade is a multiyear “learning strategy,” which … 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
Skills in the Construction Industry – Upskilling defines the future
By Lucy Wyndham – Upskilling Defines the Future of Construction Industry Despite working hard to become certified in your specific industry, the half-life of learned skills is now about five years, which means the skills you learned while attaining a degree or industry qualification could well already be out-of-date. As we round the corner full speed into the … 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
Digital Skills in US – Upskilling fast in middle- and lower-level jobs
Look closely at the numbers in our new analysis of the “digitalization” of the labor market and you see that the greatest change is occurring not at the top of the skills distribution, but at the bottom and middle. Sure, the creation of many new jobs for highly skilled software developers and computer systems analysts … Continue reading
Upskilling Pathways in Europe – How will it work ?
Reading, writing, making simple calculations and using a computer: these are things we do every day, putting in practice our basic skills, mostly without even noticing. This is not straight forward for everyone though. For almost 70 million in Europe, such tasks can pose problems. Whether in employment, unemployed or economically inactive, the new “Upskilling … Continue reading
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