In the face of the pandemic’s disruption of the job market, the concept of “reskilling” or lifelong learning has taken center stage, exposing our insufficient preparation for such a scenario. The current situation offers an opportunity to revamp our approach to reskilling, with a potential key role for higher educational institutions to disrupt the industry currently dominated by private recruiting and training companies. 

Key Points: 

1. Reskilling is about fostering a better future where workers possess the skills needed to succeed in fluctuating job markets. The World Economic Forum indicates that investing in reskilling could potentially boost global GDP by $6.5 trillion by 2030.
2. The “Great Resignation” led to an increase in higher education enrollment, with edtech companies challenging traditional degree programs with shorter, more specialized training courses.
3. Employers are leveraging edtech apps and programs for professional development and retention of valuable workers. Approximately 70% of employers believe higher education providers should play a bigger role in job training.
4. Establishing successful partnerships with educators, universities, and other pedagogically-driven institutions can offer companies a competitive edge. This requires focus on scaling and replicability, alignment of skill-based outcomes, data sharing, and success measurement.
5. The era of learning coincides with an increased emphasis on self-care and healthy work habits. Employers need to create a company culture that attracts and retains purpose-driven employees, and investing in the ongoing education and development of employees is a strategic business decision.

Continue reading at https://www.forbes.com/sites/forbesbusinesscouncil/2023/06/16/learning-in-the-digital-age-reskilling-and-the-evolution-of-education/?sh=16dd3dc5ce05