Upskilling the Future Workforce: The Role of Colleges & Companies

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With the advent of intelligent technologies that provide solutions in ways that reshape the demand for jobs, tasks and skills, it is time that our education and training systems are reassessed with these changes in mind. The Future of Jobs Report: 2018 released by the World Economic Forum reveals that, “By 2022, no less than 54% of all employees will require significant re- and upskilling.”

Colleges and higher educational institutions have to approach learning that is in line with the growth of technology, so that the talent pool produced does not require extensive upskilling in the workplace due to their being out of touch with the same. 

It thus becomes pertinent that students in various levels of education be exposed to the realities of modern employment and work by providing them with easy access to tomorrow’s skilling solutions today through the use of technology related learning techniques. In this race between education and technology, the winner should be edtech. 

Besides providing upcoming professionals with a new skill set, edtech shoulders the responsibility of teaching them how intelligent systems and machines are reshaping the nature of work itself. While actual practice and experience will be the main teachers, disruptive new solutions in edtech and career guidance can be the foundation for the right start.

Bridging the growing skill gap in the further workforce, the absence of which will come at great economic cost, is one of the most important challenges in the digital age. Accenture’s research in this regard predicts that the economic growth foregone if skill building does not match new intelligent technologies is $11.5T in GDP across 14 G20 countries, with almost $2000B in India alone. 

Such measures help not just those getting into jobs, but also their organizations. Equipping employers with placement strategies that focus on frontline, entry-level, and low- and middle-skilled workers, whose jobs are at risk of being disrupted by various contingencies like global events or artificial intelligence, is imperative so that they too are prepared. Where they participate to bring upskilling to their potential employees, they benefit by directing the employees to more value-added activities, resulting in more output. 

Companies thus need to project future hiring needs and build recruiting programs accordingly. By analyzing job postings and hiring processes and disseminating exactly the credentials required for candidates, they can reduce the increasing disconnect between employers and employees. Partnering with non-traditional education providers – like Expertrons – which provide ready-made solutions for these measures can help develop an expanded talent pipeline that is prepared to take on modern work. With top professionals across a range of domains working with the biggest companies worldwide on their roster, Expertrons connects aspirants to the right experts based on their needs, allowing aspirants to imbibe behavioral skills, mindsets and technical skills that are tailored toward their specific professions. 

“Expertrons is essentially Netflix for career hacks. We founded it with the vision to reimagine career decisions for the 1.87 billion professionals globally who change their careers 5 to 7 times in their lifetime,” says Vivek Gupta, co-founder of Expertrons. Jatin Solanki, the other co-founder, adds, “Expertrons’ deep tech AI recommendation engine based on numerous data points personalizes the best-suited experts and career options for aspirants.”

In India alone, there are 30 million youngsters completing their higher education and spending close to $5000 for it – all aimed at getting a dream career opportunity. A majority of these aspirants are first-generation graduates with no one in their circle to guide them on their career choices. Expertrons bridges this last mile gap to help students and professionals make the right career decisions.  

“We believe that the democratization of access to mentor networks is a valuable tool for anyone, especially when we are continuously redefining the future of work and professional development. Anyone can learn it by connecting to a videobot technology that enables the scalability of the mentors.” says Bala Kamallakharan, MD, Iceland Venture Studio, one of the startup’s investors.

Investing in talent development initiatives that can equip the future workforce to succeed in the age of automation and intelligent systems is the responsibility of businesses and educational institutions – that ultimately will lead to their own success.

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