1.
Addressing
the skill gap by investing in human capital
In the face of rapid digital transformation, investing in human
capital by leveraging tech solutions and big data analytics and prioritising
continuous learning is one of the critical ways to encounter the challenges
ahead. A 2019 UNICEF report on the widening skill gap in South Asia sent
shockwaves worldwide, revealing that over half the students in the subcontinent
lack the skills to get 21st-century jobs. The problem has been brewing ever
since emerging technologies like AI, automation, and other disruptive forces
like the gig economy created a dent in the employment market by changing the
nature of jobs. On top of that, the pandemic only worsened the gap by exposing
structural weaknesses and policy gaps across economies.Now, about half of all
employees worldwide need to reskill themselves to face the double disruption
caused by pandemic and digital transformation — and that doesn't even include
recent graduates about to enter the workforce. The problem is much more complex
for a young country like India, where 15 million people enter the job market
every year, of which 75% aren't job-ready. The most worrying part is that the
skill gap will only worsen with the greater adoption of digital technologies
and the creation of new jobs demanding unique digital skills. The glaring
imbalance points towards the urgent requirement to make an inclusive economy
that supports continuous learning and reskilling to catch up with the digital
disruption. There's a need for a paradigm shift to develop solutions needed to
survive the rapidly transforming world.
2.
Learning technology is
essential for L&D team, says Birlasoft’s Arun Rao
To thrive and remain competitive,
companies must continually invest in learning and development initiatives and
technology for their workforce, up to and including generative AI. In an
exclusive interview with Arun Rao, Chief People Officer, Birlasoft, People
Matters explores measures that hold the potential to drive substantial results,
aligning L&D efforts seamlessly with the overarching objectives of
organisational growth. Arun believes that the culture and values of an
organisation depend on strong employee connection and transparency. According
to the World Economic Forum's "Future of Jobs" report, 23% of jobs
will change in the next five years, emphasising the need to adopt Learning and
Development (L&D) strategies. These ongoing and anticipated transformations
in work, technology advancements, and increased learning options, have led to
L&D becoming a continuous process underlying learning in the flow of work. Increased
learning options include modern technologies like virtual reality, augmented
reality, and AI which have personalised and made learning accessible. As we
strive to implement Generative AI solutions for our clients, it has become
equally important for us to embrace it to bring a more hyper-personalised
learning experience for our employees. Learning technology has become an
essential skill for the L&D team. Remote and hybrid work arrangements,
accelerated by the pandemic, require seamless access to training. There is a
constant and continuing need for learning opportunities and L&D leadership
has to evolve to meet all these requirements.
.
3.
Flipkart's
strategies for enabling a thriving gig-workforce during festive season
No comments:
Post a Comment