The Future of Jobs Report 2020, from the World Economic Forum, has some interesting points regarding the integration of technology into work, and the necessity for retraining/up-skilling of employees. 

One point which is particularly interesting is that while, eventually, the number of new job created will be greater than the number of jobs lost, these new jobs will require different skills. To close the skill gaps, it is estimated that approximately 40% of workers will require up to six months of reskilling. The shift towards increasing use of automation and AI is being accelerated by the pandemic and the necessity for white-collar employees to work from home. This, in turn, is speeding up the need for new skills.

What New Skills Will Be Needed?

The report indicates that skills such as critical thinking, analysis, and problem solving are needed, along with self-management (which includes learning, resilience, stress tolerance and flexibility). Upon reflection, the value of these skills is obvious – in transitional times, managers must themselves adapt while coping with uncertainty and managing teams that may be geographically dispersed.

How Will These Skills Be Taught?

The Future of Jobs Survey suggests that employers expect up to 39% of training to be delivered by an internal department, with an additional 16% delivered by online learning platforms. The reliance on online learning has increased during the pandemic, as in-person training has been restricted. Indeed, the provision of online learning by employers has increased five-fold.

What Must Employers Do?

Beyond the fact that most employers are looking at a skills gap in the next five years, there is no one solution. Individual organisations must assess their own situations with regards, to how the changing economic and technological situation will impact them. From this they can determine what skills their people are going to needs, and compare this these to the existing skill set to establish where the gap lies.

While surveyed employers indicated a preference for in-house training, whether this will be feasible over the next year is questionable. Online training, however, is not only possible, but has advantages in that it allows individuals more control of when and where they take instruction, and gives them the opportunity to apply lessons learned immediately. The downside of classroom style training is the danger of too much information in too compressed a time, with little understanding or retention.

Options For Online Learning

Different organisations are likely to have different starting points for implementing online learning. Larger organisations are likely to have a Learning Management System (LMS) already loaded with, perhaps, on boarding, H&S, and compliance training. Other organisations may be using cloud-hosted elearning, and some may not yet have used digital learning.Wherever your organisation is at in it’s training strategy, Learning Software Ltd has a range of learning solutions that can help you with the up-skilling and reskilling of your workforce. We offer 360-degree training environments, an extensive business book summary library, and off the shelf e-learning

Contact us for more information.