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Why Upskilling Is the Need of the Hour for the Indian Employee

Posted on Dec 11, 2017

The Indian Job Market is Changing

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. Here are some important statistics that drive home the point that upskilling is the need of the hour.
According to the Talent Shortage Survey 2017, conducted by the Manpower Group, 40 percent of employers worldwide reported lack of skilled, qualified workers with the necessary skills to fill open positions.
73% of education leaders surveyed in a global higher education study survey agreed that traditional education models, which have been in place for centuries, are now being disrupted. 61% of India’s higher education leaders said that the education system is unable to respond to society’s changing needs. India’s executives said that improved access to higher-quality skills will boost productivity and efficiency throughout the economy.

How Technology is Impacting Employment

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 shopfloor 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.

What Career Aspirants Need to do to Stay Ahead of the Curve

  1. Relearn the Ropes
    Suppose you are an automobile engineer at a middle management level. There may be many new technologies that have invaded your space. The important thing to do here is to learn more about these technologies and harness the learning. 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 Courses to Upskill Yourself
    Thanks to Internet and ITES, we have many online courses that can help you bring up to speed with the latest technologies. In most cases, they are freely available. Invest time in learning through online courses, MOOCs 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 Employment or Apprenticeship in the Area of Your Expertise
    Try to take up projects where you can learn additional skills even for free. It is important to apply the theories one learns in real life. You can also take up apprenticeship in companies which are working in some of these skill sets.
  4. Seek Professional Education in an International School
    The managers of today can no longer afford to keep themselves out of the global reach. 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. An exposure in a global environment helps to broaden your vision, absorb insights, and learn out of the box thinking. Study abroad to get a hang of how people function or solve problems in other countries. This could help you upskill as well as develop an all-round personality.
  5. Stay Updated and 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. Experiment with what’s possible using new technologies. Pursue opportunities to experiment and to broaden organizational acceptance of the inevitability of failure as well as success in the process of innovation. Extend capabilities through your ecosystem partners.

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