Closing the skills gap by reskilling the world

In the next decade over 1 billion jobs will transform due to technology.  
The Re-skilling revolution, an initiative from World Economic Forum, is all about making sure that people around the world have the right skills for the future and to close the enormous skills gap.  
Through better education and opportunities, the initiatives' goal is to reach 1 billion people by 2030.  

The Reskilling revolution was an initiative by World Economic Forum that worked together with 350 companies and organizations to make sure the world's population has the right skills to meet the future. The goal for the revolution is that 1 billion people have better education, skills, and economic opportunities by 2030.

Since the initiative's launch in 2020, over 350 million people have been reached by the reskilling revolution platform. Where the program is preparing the workforce to be better equipped for the future and for the changes that come with modern technology such as AI (Artificial Intelligence). One of the focus areas are changing the education for children aiming to better equip them for the future in areas such as green transition, technology and entrepreneurship, a part referred to as Education 4.0. Another focus is mapping the skills we need and making sure that workers have access to learning hubs for reskilling.  

Ministers and CEOs at the core 

At the core of the initiative, we find 64 committed CEOs and a growing number of politicians. Right now, 32 ministers from 16 countries are involved in the initiative. Among the founders of the initiative, we find companies, governments, and organizations such as the government of France, Adecco group, The Education Commission, The Lego foundation, Manpower, PwC, Salesforce, UNICEF, and LinkedIn. 

Why do we need to reskill the workforce? 

So, why do we need to reskill the workforce and why did the World Economic Forum start this initiative? The reason is that the challenges for business changes due to the development of technology and AI-solutions. Making sure the world is ready for the fourth industrial revolution. 

According to the Future of Jobs report 2020, from WEF, the indication is that by 2025 the time on current work tasks will be equally divided by humans and machines. To make sure that the human workforce has the right tools to continue to thrive in the future, in competition with machines, the need to invest in human capital is eminent. The OECD estimates that 1.1 billion jobs will be transformed over the next years when AI and machine learning takes over many reputative jobs and that is why the need to reskill the workforce is pressing. Because, even if the jobs change, the need for a human workforce will not decline but rather change.  

What can you do? 

So how can you make sure you have the right skills in your company or that you as a professional have the right set of skills for the future workplace? 

The key to knowing you have the right skills available is to know your employees and the skills they possess. If you work proactive you will know what gaps you need to fill and what kind of expertise you need. 

Since many jobs will change in the future, it might not be an easy task and foremost you need to keep track of this on a regular basis. Decide on a plan for how you can reskill the workforce you have and how you can fill the gaps that will occur. Bear in mind that some of these skills will be hard to acquire and that you might not need the same skills over a period of time. In these cases, it might be a smart move to partner with a talent provider that can help you to find the skills you need and that will help you secure a bridge between the skills you need to deliver on your company's goals. 

Want to read more about the reskilling revolution? Please visit WEF:s site here! 

Would you like to know more about how Ework can help you with providing the skills you need for the future? Please contact us here!