How Millennial Are Looking At Re-skilling For Better Tomorrow
With digital technologies becoming the cornerstone of disruption altering the social, economic and business landscape; without a doubt, technology will continue to shape and reshape the world and be at the core of what defines a modern economy and re-skilling will play a vital role in the organization
In the global skilling ecosystem, India holds a distinct place today. A developing economy with a booming population of 1.3 billion, with the average age of this population estimated to be within 29 years for the next 6 years, makes India a promising growth story. It is estimated that by 2022, India will have the maximum number of working age population in the world that could contribute to the economic growth of the nation. Indian workforce, therefore, will continue to be a significant contributor to the global economy.
In India, millennials will certainly make an economic mark. But unfortunately a large part of the conventionally educated youth need skilling or reskilling to be future employable. It's not just the government but also responsible organizations that need to establish a clear strategy to facilitate this learning for our country's youth. Investors and industry players who are ready to meet their needs and offer them more stand to benefit in the long run.
A January 2018 report published by the World Economic Forum brings to light the urgent need for massive re-skilling. The reports estimate that without re-skilling, only 2% of workers would have an optimal opportunity to transition to new jobs. The report, however, also highlighted that the provision of suitable re-skilling could enable 95% of the most immediately at-risk workers to find engaging and better paying work in emerging job families.
Last year, Vodafone commissioned a YouGov survey to ask 6,000 young consumers (18-24 year olds) in 15 countries to share their views on the future career aspirations and concerns. The survey indicated that over 50% of the youth preferred modern jobs over traditional jobs. It also indicated that the youth in India feels under-prepared for the growing digital economy and requires appropriate re-skilling.
Over the last one year, Vodafone has worked with renowned global psychologists, careers advisers and trainers to develop Future Jobs Finder - a new online platform accessible to all youth across 20 markets globally. It is a one-stop-shop that will enable the youth to identify their skills, match them to digital jobs, facilitate relevant training and even search and apply for open opportunities across the globe in their identified fields. Focused on the future digital-economy job market, the platform allows users to evaluate digital jobs most suited for their skills & interests. This platform is open to all youth consumer.
Expanding its global youth talent strategy, Vodafone will provide 100,000 young people an enriching workplace experience (including apprenticeships, internships and training) in Vodafone by 2022.
With digital technologies becoming the cornerstone of disruption altering the social, economic and business landscape; without a doubt, technology will continue to shape and reshape the world and be at the core of what defines a modern economy and re-skilling will play a vital role in the organization.
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