In today's fast-paced world, the demand for certain skills is constantly changing, making it difficult for workers to feel secure in their positions. To keep up with the shifting landscape, individuals should take steps to develop the knowhows necessary for success in this digital age. According to the US-based Business-Higher Education Forum, the most sought-after skill sets are those related to artificial intelligence, cloud computing, product management, and social media.
THE EMERGING 4 SKILLS SET
The demand for workers skilled in emerging technologies is increasing rapidly; the World Economic Forum demonstrates that one in every eight job postings lists at least one of these skill sets as a requirement. Businesses seek individuals who can develop AI-powered products, manage cloud-based infrastructure, create successful social media campaigns, and solve complex challenges. Possessing the right skills can significantly impact an individual's earning potential and career prospects in today's current job market. Subsequently, they can be well-positioned for higher earnings and greater opportunities. However, the point that needs further discussion is that not everyone has access to the resources or training needed to develop these skills.
THE ROLES OF BUSINESSES AND GOVERNMENTS
As the demand for these highly specialized skills grows, companies and governments must actively develop and nurture a skilled workforce. Businesses can invest in training and development programs to upskill their current employees or partner with colleges to offer students hands-on experience through apprenticeships and internships. Similarly, the public sector can invest in education and job training programs that equip citizens with the skills needed to succeed in the modern workforce. Working together, the public and private sectors can create a pipeline of skilled workers equipped to thrive in a rapidly changing technological landscape. This not only benefits businesses and everyone’s bottomline but also creates broader societal and economic benefits, including reduced unemployment, increased innovation, and more competitive citizens.
Today’s workplace requires individuals with the right skills to navigate the ever-changing landscape of technology and apply it to solve complex challenges. This matter of skills is especially important to youths—so much so that the United Nations designated July 15 as World Youth Skills Day. In no time, youths will enter the job market and become the future of the workforce; as such, their journey to develop critical, future-ready skills must start now. By allowing opportunities for young people and investing in their workforce, businesses can ensure they maintain and groom the talent they need to stay competitive and grow. At the same time, governments will reap the broader economic benefit as they fund various programs to nurture people’s skills and competitiveness.
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