The rapid pace of changing skills is daunting. Businesses need to track and leverage the ‘rising skills’ in order to transform.
By 2030, demand for skilled workers will outstrip supply, resulting in a global talent shortage of more than 85.2 million people.1 A major crisis is looming especially in the APAC region because the region exports more talent than it imports2. A recent report by LinkedIn, “Future of Skills 2019”, highlights the point that the skills needed to succeed are changing rapidly and demand for talent with rising skills is three times that of the rest of the talent base.
LinkedIn undertook a survey across AsiaPacific region and surveyed 4,136 employees and 844 Learning & Development (L&D) professionals in Australia, India, Japan and Singapore on the state of workplace learning and skills requirements. The report presents insights into how skills are playing a bigger role in shaping the evolution of talent. Knowing what skills are in demand, and how traditional roles are evolving, will help organizations prepare for and navigate the talent crunch.
Let’s dive deeper into the findings of the report:
The surging talent crunch
It is no news that the world of work is undergoing a massive talent crunch. At the very outset, the report states that talent drives business and skills drive talent. However, the skills that were required yesterday are not relevant for the future and in fact not even relevant today.
This story is from the July 2019 edition of People Matters.
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This story is from the July 2019 edition of People Matters.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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