Organizations across the globe today find themselves in the midst of a strange workplace dichotomy – on the one hand, many traditional jobs stand the risk of becoming obsolete in the face of automation.
On the other hand, there is a severe crunch of qualified professionals to fit in the jobs created in this new digital economy. This is where business application training and other types of corporate training programs come into the picture.
As a result of this changing landscape powered by technology and tools, millions of people around the world find themselves at the risk of losing long-established jobs.
At the same time, the youth grapples with the realization of being unemployable because the skills they acquire through formal education are completely out of sync with the demands of the digital economy.
According to an organization for Economic Co-operation and Development study published in 2018, there is a 50 percent chance that nearly 46 percent of all jobs will become obsolete or be altered beyond recognition in the near future.
Similarly, an International Commission on Financing Global Education Opportunity report states that an estimated 30 percent of students graduating from secondary schools will lack the skills needed to perform most jobs.
At the same time, positions that require the knowledge of artificial intelligence (AI), the Internet of Things (IoT), machine learning, and robotics remain unfilled at an unprecedented scale. These two trends present a stark contrast between the workforce of the present and the future.
The Answer Lies in Training
This change in dynamics has sparked an interest in online employee training. The term refers to an expansion of the capabilities of the existing workforce, thereby equipping them with the talent needed to adapt to the rapidly changing economy and improve the scope of their employability. Such initiatives can be organized at industry or community levels. However, at this stage, this is being primarily done at an organizational level.
Upskilling is a comprehensive initiative aimed at imparting applicable knowledge that can be converted into productive results. Here people aren’t just learning new skills in theory but acquiring practical knowledge that can open up new job avenues. And give them an opportunity to excel at these.
A crucial aspect of any training initiative is identifying which skills would hold most valuable in the future. And the businesses or organizations that will deploy these skills, the people who have the right background to learn these new skills and technology-enabled learning tools that can be used to train them. It is only by putting together the right combination of these elements that one can hope to draw up an effective training program.
Click here to continue reading about How to Upskill Your Employees with Business Application Training