With the global economy experiencing massive change, upskilling and reskilling have taken on a renewed sense of urgency. Success through these transitions requires major shifts in thinking about how hiring and employee development are done.
The economic toll of the Covid-19 pandemic is expected to leave more than 140 million people out of work and another 1.6 billion at risk of income loss. Unfortunately, many of the jobs lost simply won’t return. At the same time, certain companies and industries like logistics and manufacturing can’t hire fast enough. Shifting to a skills-focused approach is a viable solution to an evolving workforce dilemma.