A study by Asian Development revealed that within the formal education system, some 350,000 to 400,000 secondary students are enrolled in vocational education. Vocational education accounts for less than 3% of the 14 million students in grades 11 and 12.
Reskilling is a constant journey of learning! This is an era of automation, where technology is constantly advancing and industries demand a workforce equipped with apt skill sets who can navigate the organizations of the future. The kind of skills industries require will change, with profound implications for the career paths individuals will need to pursue.
According to a recent McKinsey Global Institute report, ‘Jobs lost, jobs gained: Workforce transitions in a time of automation’, by 2030 around 375 million workers may need to switch occupational categories as automation, and advances in artificial intelligence will significantly impact the world of work. And if you’re not able to cope with the changing technology, you won’t be able to survive in a constantly evolving corporate world.
Reskilling ensures that your skillsets won’t become obsolete and have a brighter outlook on your future with the company. The demand for skilled workers is high in the healthcare, automobile, manufacturing, and construction industries are high. Keeping up with the pace has become a need of an hour.
By 2020, almost 60 percent of India’s population of 1.3 billion will be in the working-age group of 15-59 years. New technologies in waste management, agriculture, healthcare, IT, and other industries are likely to impact the jobs of the workforce. Thus, skilling and reskilling youth for the workplace of the future is important so that they have expertise in cutting-edge technologies. The workforce who have mastered the older technologies must re-skill themselves to remain employable in the respective industry and find greater success.
According to McKinsey, “to emerge stronger from the COVID-19 crisis, companies should start reskilling their workforces now.”
Expanding your skillsets creates a significant competitive advantage in the increasingly technology-driven world. It keeps you up to date on industry trends and helps you stay ahead of your industry’s future demands to get an edge over your competitors.
Online courses are a great way to reskill yourself as per the industry needs and earn certification.