Upskilling is more important now than ever
“The only thing constant in life is the change”, and this statement holds particular significance for the world of technology. Significant technological changes are happening everywhere, and as a result, there is a considerable gap created between the skills the workforce of business has and the skills they need to succeed in tomorrow’s world.
It is being predicted that a minimum of 15 million job positions will be lost due to the effect of automation and robotic technology in industries. This does not bode well for human employees. Of course, with the loss of current job positions, it is expected that new job positions will come forth in their place. However, no one knows what skills will be expected of those new positions, as those areas have not been even invented as of yet.
Currently, the gap between the skills of the human workforce and those required by business is evident. The Office for National Statistics or ONS has done some research on this. This research reveals that the number of employees whose level of skills and training are at a level with their job requirements has been reducing at a steady pace since the year 2012.
As more and more automation happens, and job roles continue to change rapidly, it is up to the employers to keep training their employees with the current skills, so that they can perform in their jobs. Most companies are now taking a fresh look at their learning and development plans and budgets to make sure that this happens.
Business stakeholders, who are responsible for critical decisions are slowly realising that the only way to meet the changing job requirements is to get their workforce trained in the new skills required. Also, it will not help to have the skills that are in demand in the current work market, but employers need to become visionaries and look at the market of tomorrow and train their employees accordingly.
It is expected that in the next ten years, the number of jobs will increase by 1.8 million, but less young people will enter the work arena. The working-age numbers are expected to rise by just 0.9 million, about a half of the number of predicted jobs. This will have a negative impact on businesses that have no intention of retraining their employees.
Online learning and learning that incorporates practice will be very much in demand, as employees need to “learn” and then “do” it.
The Bigger Picture
There is a very clear co-relation between training and productivity. Therefore, employers need to invest in their workforces to make the future of their business secure. Upskilling has become essential for both individuals and organisations.
Image source: Ales Nesetril