The World Economic Forum reports on the good and bad consequences of rapid technological development:
- By 2025, 50% of employees in the world will need to be reskilled.
- By 2030, 1.1 billion jobs will be radically transformed.
- The number of skills an employee needs to perform a job is increasing by 10% annually.
- Already, one in three skills in a typical IT, sales or financial job is obsolete.
- Upskilling and reskilling the current workforce could boost GDP by $6.5 trillion by 2030.
Rapid technological development has the potential to change the world, but only if we can bridge the skills gap it has created.
To help organizations overcome this challenge and successfully adapt their workforce to these changes, it is important to approach this problem with innovative thinking that encourages the creation of an environment focused on efficient, flexible and scalable education, training and development of key skills such as critical thinking, problem solving and creativity.
Here are some specific changes that organizations can make to help their employees bridge the skills gap:
- Invest in upskilling and reskilling programs that focus on the skills that are most in demand in the future.
- Create flexible learning opportunities that allow employees to learn at their own pace and on their own time.
- Provide opportunities for employees to collaborate with each other and learn from each other's experiences.
- Create a culture of continuous learning and innovation that encourages employees to take on new challenges and develop new skills.
By taking these steps, organizations can help their employees thrive in the rapidly changing world of work