Importance of Upskilling and Reskilling in Job Market

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Importance of Upskilling and Reskilling in Job Market
In the past decade there has been a sea change in the job market scenario. With the growth of technology and digitization, jobs are getting highly specialized and automated. Consequently, there is a learning gap that needs to be addressed by the educational sector. Skilling employees is important not just to keep up with the technological trends, but also to stay ahead of competition
The type of skills required are changing as rapidly as industries and the economy itself. New digital technologies are disrupting the business landscape with major consequences for how industries are structured and economic activity occurs. Traditional educational systems are becoming increasingly fragmented, and new types of business ecosystems are rapidly forming and evolving.
According to a NASSCOM report, up to 40% of the estimated four million workforce in India need re-skilling over the next 5 years to keep pace with automation and changing skill needs in various industries.
Newer technologies like cloud, big data, analytics, digital marketing, and DevOps, provide immense opportunities for career growth.
Automation and adoption of newer technologies have changed the landscape for professional managers. Jobs that were earlier done by junior and senior management, and even at shop floor level are seeing the use of artificial intelligence, machine work, and computerization. Over the past two years, many technologies have replaced jobs that has made it necessary to invest in up-skilling. This shift is now the reason why many want to make use of this transformation and up-skill themselves.
How can career aspirants stay ahead?
1. Embrace automation: There are many technologies which are getting automated in lot of verticals. Instead of feeling threatened by automation, embrace it and exploit its potential. This gives you greater room to grow, upskill and diversify into new areas. Let the machine take care of repetitive tasks, while you move on to bigger ones.
2. Online self-paced or online live interactive courses to up-skill : We have many courses to speed up with the technological advances. Most of them are freely available as well. You just need to invest your time into it. MOOCs or online live interactive training e.g. offer a wide variety of programs, training and certification courses that can help you upskill at the comfort of your home in the shortest period of time
3. Seek Apprenticeship: Take up project in these new fields and put theory into practice whilst till working.
4. Take professional higher professional long term programs: As geographical lines diffuse, and markets stretch beyond boundaries, new business heads need to approach problems with a global overview.An international education at a reputed organization takes care of this need. With an international business management degree, you can leverage your employability a notch higher
5. Keep upgrading your knowledge: The only way to upskill is to become the master of your area. As you grow in knowledge, you also grow in talent. Embrace technologies that help you grow. Engage with clients and industry experts to know what’s going on, and how you can benefit from the knowledge. Evaluate analytics capabilities and decision-support tools within the ecosystem to identify opportunities to enhance decision making and improve student outcomes.

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