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Decoding Global Trends in Upskilling and Reskilling

Decoding Global Trends in Upskilling and Reskilling

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SUMMARY

This report on AI reveals that more than half of people think that global megatrends have a significant impact on their jobs which are making many to devote significant time to refining their skills. A large share of individuals is willing to learn new skills, the paper notes, to outstand as candidates for completely different jobs.

The research takes a look at two concrete trends that are shaping the labor world: technology and globalization. The study also outlines two possible ways to tackle these changes. One of them is people’s willingness to adopt new skills for their present roles, which is known as upskilling. The other reaction is workers' willingness to gain new skills for a completely different job. This is known as reskilling.

People prefer to learn new skills either on the job, on their own, and through online classes and mobile applications rather than going for more traditional options.

The research explains that firms have to take on board these trends so that they can make themselves more attractive to future job candidates. As for policymakers, these must take them into account as well in order to support job-training initiatives to keep people employed and make young people prepared for the job market. Finally, workers that aim to remain in demand in an evolving job market need also to keep their skills up to date and take on job-related training as part of a career-long commitment.

OUTLINE

Impact on work

Learning

Future competences

Reskilling for a new job

What companies and people can do

Appendix

DETAILS

Overview

Researchfinder Rating
5 out of 5 stars
Title
Decoding Global Trends in Upskilling and Reskilling
Region
Global
Published
Nov. 15, 2019
Publisher
BCG
Author(s)
Orsolya Kovács-Ondrejkovic, Rainer Strack, Pierre Antebi, Ana López Gobernado, and Elizabeth Lyle
Price
FREE
Language
ENGLISH

Content

Number of Pages
19
Number of Tables
0
Number of Exhibits
9
Topics
ai
Tags
AI, artificial intelligence, BCG, blockchain, ecommerce, global, online shopping, reskilling, software, upskilling
Author(s)
Orsolya Kovács-Ondrejkovic, Rainer Strack, Pierre Antebi, Ana López Gobernado, and Elizabeth Lyle
Methodology
This report is based on a survey of 366,000 people in 197 countries.
EVALUATION

This is an interesting report and excellent read that stands out for its insightful content and appealing design.

Positives:

  • Appealing design
  • Clear language
  • Great insights
  • Good graphics

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