Why upskilling & reskilling is more important now than ever?

The World Economic Forum report “The Future of Jobs 2020” predicts that by 2025, automation and a new division of labour between humans and machines will disrupt 85 million jobs globally in medium and large businesses across 15 industries and 26 economies.

Roles in areas such as data entry, accounting, and administrative support are decreasing in demand as automation and digitization in the workplace increase.

More than 80% of business executives are accelerating plans to digitize work processes and deploy new technologies, and 50% of employers are expecting to accelerate the automation of some roles in their companies. In contrast to previous years, job creation is now slowing while job destruction is accelerating.

Some 43% of businesses surveyed indicate that they are set to reduce their workforce due to technology integration, 41% plan to expand their use of contractors for task-specialized work, and 34% plan to expand their workforce due to technology integration.

HR leaders are finding it increasingly difficult to quickly find and develop talent with the most in-demand skills, yet 58% of the workforce needs new skills to get their jobs done, according to Gartner, Inc.

We are caught amidst unprecedented change and uncertainty propelled by rapid advancements in technology, automation, digitization, economic upheaval, pandemic, and geopolitical tensions.

The choices that we make today will define where and how we will be in the future. The key is upskilling and reskilling. Continuous education, training, and skill development are the keys to surviving and thriving in the digital economy.

For the uninitiated, upskilling is about improving our existing skills or learning additional skills to perform our job better or advance in our current position whereas reskilling is learning new skills to perform a different job.

Not doing it is no longer an option unless somebody wants to become history and irrelevant.

  • The workforce is automating faster than expected, displacing 85 million jobs in the next five years
  • The robot revolution will create 97 million new jobs, but communities most at risk from disruption will need support from businesses and governments
  • In 2025, analytical thinking, creativity, and flexibility are among the top skills needed; with data and artificial intelligence, content creation, and cloud computing the top emerging professions
  • The most competitive businesses will be those that choose to reskill and upskill current employees

According to the World Economic Forum, as the economy and job markets evolve, 97 million new roles will emerge across the care economy, in the fourth industrial revolution technology industries like artificial intelligence, and in content creation fields. The tasks where humans are set to retain their comparative advantage include managing, advising, decision-making, reasoning, communicating, and interacting. There will be a surge in demand for workers who can fill green economy jobs, roles at the forefront of the data and artificial intelligence economy, as well as new roles in engineering, cloud computing, and product development.

Employers need to be proactive in their approach to building an agile and resilient workforce of the future by investing in human capital. On the other hand, employees or workers need to be cognizant of the changes in the job market and prepare themselves to stay ahead of the curve else they run the risk of jeopardizing their professional and personal lives.

It’s time we get our act together and focus on building our skills and abilities to realize our fullest potential. Thinking of upskilling or reskilling?

Explore the range of courses we have that prepares you for a lifetime.

How the ATMS education group is making a difference in the field of higher education?

The ATMS education group is focused on delivering innovative and effective learning opportunities for students and professionals. Our programs are designed to help students develop the skills they need to succeed in their careers. We are also accomplishing this by assembling an expert faculty panel to create modules and resources that are aligned with the current pedagogical trends and also challenge the status quo.

One of our goals is also to empower students with the ability to think critically, solve problems and make decisions. In order to do this, we need to first appreciate how students learn and what methods work best for them. We also need to be aware of the different ways that information can be presented so that it is retained by them. Different students have different learning styles and preferences. Some students may prefer to learn by listening to lectures, while others may prefer to learn through interactive activities. Some students may prefer to learn in a group setting, while others may prefer to learn individually. It is important for educators to be aware of the different learning styles and preferences of their students so that they can tailor their teaching methods accordingly. Therefore, we ask students upon joining about which teaching style they would prefer. A personalised approach to learning is what is lacking in a lot of places that just adds to stress and also affects information retention.

Hence, higher education institutions also need to look at how we can make information more engaging for students. A lot of the time, students are not engaged with the material they are being taught because it is presented in a mediocre manner. If we want students to retain the information that they are being taught, we need to make sure that it is presented in a thought-provoking manner. There are many ways to do this, such as using multimedia resources, real-world examples, case studies, and simulations. All of our lectures incorporate this.

It is important for us to recognise that each student is different and that one size does not fit all. Our constant research into making a difference in teaching is what helps us maintain our position in the industry. We are proud to have the position we have in the market. However, we are very well aware that we have a huge responsibility as we are shaping society through our students. Hence, our education group will work tirelessly to ensure that we offer the best possible experience to our students.