Importance of Skill Development

There are a few global trends that are drastically changing business models regardless of size,
sector or location. Some of them include Technological innovation, climate change and
sustainability, global economic integration and shortage of skilled workforce on the global
stage.

Skill Development
Skill development may be defined as an expression to:
Improve one's proficiency.
Ability to perform a work.
Improving one's skill sets.
Being able to complete a task with higher rates of success at the right time.

Why is Skill Development important?

Skills are no longer a matter of choice. It has become mandatory to be skilled for a better future
prospectus in the professional world. The main objective and mission of skill development are
to:

Set up a workforce that is proficient with the necessary skills and knowledge.
Skilled employees yield higher productivity and have the ability to work effectively and
efficiently.
This influences the growth and development of the company and contributes to the GDP
of India.
(According to the WTO, World Trade Organization, the GDP level can increase up to 3-5% in
2035, if India focuses on skill development and training.)

Since India is developing at a faster rate with more opportunities for entrepreneurship and
ongoing developments and the vision to be Atmanirbhar, skilled labour is an essential part
towards any contribution of development.

Recently Methods in cooperation with OGTC has organized a upskilling program for the Middle
Management for the members of OGTC and yielded great results.

Positives that promise a higher percentage of skilled workforce.

Increasing investment in people’s capabilities along with good investment in the institutions
tasked to deliver the same is a positive sign that is set to bring in the skill development index.
Building of sustainable enterprises, which is in trend now, will also mean to adopt a "human-in-
command approach," which actively embraces the technologies rather than being driven by
them.