World Economic Forum, The Future of Jobs Report, 2018.

Education and training systems need to keep pace with the new demands of labour markets that are continually challenged by technological disruption, demographic change, shifting business models and the evolving nature of work. It is estimated that, on average, 42% of the skills demand for jobs across all industries will change between 2018 and 2022.

The private sector is a leading stakeholder in managing this transformation through collective action on future-oriented skills development, thereby serving as a critical partner to governments and education and training providers to enable opportunities for all and to meet the needs of labour markets.

The concepts of reskilling and upskilling have a wide-ranging definition. They encompass the development of fundamental skills such as basic digital literacy, employability skills that boost people's chances of getting a job, as well as business-specific or technology-specific skills that could help develop expertise in a particular field.

From 2016 to 2019, the World Economic Forum and Tata Consultancy Services (TCS) collaborated on a project to explore the current reskilling and upskilling efforts initiated by global businesses to prepare their workforces for the rapidly evolving nature of work and 21st-century jobs.

Key Takeaways

About This Report

REACTION Measure your participants' initial reaction to gain an understanding of the training program and valuable insights into material quality, educator, and more

LEARNING Measure how much information was effectively absorbed during the training and map it to the program or individual learning objectives

BEHAVIOUR Measure how much your training has influenced the behaviour of the participants and evaluate how they apply this information on the job

RESULTS Measure and analyze the impact your training has had at the business level, and be sure to tie it to the individual or program

About the Publisher

Published by PossibleWorks

Publish Date

November 2021