How companies can lead purposeful action in the skilling revolution

How companies can lead purposeful action in the skilling revolution

COVID-19 has further exacerbated societal inequities, and widened skill gaps.





Cross-sector commitments and learning agility can help bridge the gap.





Now is the time to bridge the skills gap among the current workforce and also future talent.



Even before the pandemic, it was thought 1 billion jobs would be transformed by technology in the next decade, fuelled by growth in areas such as artificial intelligence, cloud computing and big data.

Then COVID-19's impact on education, work and the acceleration of technology adoption led to seismic ramifications and the scale of the challenge changed.

As industries transform their traditional business models in the wake of technology advances, it's estimated that 50% of all employees will need reskilling by 2025.

Education systems, too, need support to catch up; young people need real-world context and workers require the skills for emerging jobs.

In sum, we urgently need a renaissance on skills. But there's a short window to ensure the workforce is equipped with the skills needed for the rapidly evolving workplace and twenty-first century jobs. And it's closing fast.

The question is arising: what can key stakeholders - including governments, businesses and society - do to accelerate the