What is reskilling?
Reskilling is the process of learning new skills so you can do a different job, or of training people to do a different job.
Why do you need to know this term?
According to estimates from the Organization for Economic Co-operation and Development, more than 1 billion jobs, which is almost one-third of all jobs worldwide, are likely to be transformed by technology in the next decade. Transformed is clearly not defined.
By just 2022, the World Economic Forum estimates 133 million new jobs in major economies will be created to meet the demands of the Fourth Industrial Revolution.
Sound good right? Well, that all depends. It is if we can reskill the population to meet the needs of the jobs. Not so good if we maintain the status quo. It’s time for us to at the very least, start talking about and thinking about our own reskilling.