Not Enough Jobs? Importance of re-training and reskilling

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Not enough jobs?

Notwithstanding the increase in job opportunities in some sectors for fresh graduates, are there adequate jobs for everyone? And what factors increase a person’s chances of landing a good job? Merely having a degree is clearly not enough. With only a small basket of graduates, 20-25 percent of them, deemed job-ready prior to campus recruitment the time cannot be more right for the industry to boost youth employability by offering more internship or apprenticeship experiences to bridge the skills-jobs mismatch. What youth need is experiential real world of work experiences, says Savneet Shergill, Senior Director, India Talent Acquisition, Dell Technologies. Pointing to a growing skills gap between education and industry, Savneet emphasises the value of in-company training experiences to bring youth closer to skill sets that employers seek. And what are those skills? And how do they get evaluated by various new age HR hiring practices to find the best candidates? Read here to find out.

The Importance of Re-Training and Re-Skilling

With companies increasingly adopting workplace digitisation and automation in varying measures the pressure to have the right skill sets to keep pace with changing technology is real. Companies seek prerequisite skill-sets in employees to hit the ground running whilst facing a need to re-skill existing staff to keep them relevant. A survey found close to 64 percent of businesses being worried about the digital skill sets of their current employees with 49 percent of employees themselves believing their current skill sets are at a risk of becoming obsolete in as early as the next five years. Re-training and re-skilling thus take centre-stage to mitigate these challenges. How can companies engage their workforce in skills upgradation? How can a culture of life-long learning be instilled? What is the role of technology such as a gamified reward-based approach in imparting a personalised training experience?  And are there any merits to on-demand, self-paced training programmes? Find out here.