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  • Bridging The Skills Gap Threat That Organizations Face Amid Lay-Offs-1

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    Daniel Kioko
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    The document discusses how the COVID-19 pandemic has led to widespread layoffs and how skills gaps are threatening organizations. It notes that the pandemic could reduce global working hours by 7% in the second quarter of 2020, equivalent to 195 million jobs. It also discusses how skills acquired in education and early careers can quickly become outdated due to technological changes, and that nearly half of skills learned in the first year of a four-year degree may no longer be relevant upon graduation. The document advocates for organizations to rapidly identify skills needed for their recovery plans and launch learning programs to close critical skills gaps.

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    Bridging the Skills Gap Threat That Organizations Face Amid Lay-Offs-1

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    The document discusses how the COVID-19 pandemic has led to widespread layoffs and how skills gaps are threatening organizations. It notes that the pandemic could reduce global working hours by 7% in the second quarter of 2020, equivalent to 195 million jobs. It also discusses how skills acquired in education and early careers can quickly become outdated due to technological changes, and that nearly half of skills learned in the first year of a four-year degree may no longer be relevant upon graduation. The document advocates for organizations to rapidly identify skills needed for their recovery plans and launch learning programs to close critical skills gaps.

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    3 views10 pages

    Bridging The Skills Gap Threat That Organizations Face Amid Lay-Offs-1

    Uploaded by

    Daniel Kioko
    The document discusses how the COVID-19 pandemic has led to widespread layoffs and how skills gaps are threatening organizations. It notes that the pandemic could reduce global working hours by 7% in the second quarter of 2020, equivalent to 195 million jobs. It also discusses how skills acquired in education and early careers can quickly become outdated due to technological changes, and that nearly half of skills learned in the first year of a four-year degree may no longer be relevant upon graduation. The document advocates for organizations to rapidly identify skills needed for their recovery plans and launch learning programs to close critical skills gaps.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 10

    Bridging The Skills Gap Threat That

    Organizations Face Amid Lay-offs

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    • The International Labour Organization has forecast
    that the pandemic could reduce global working
    hours by nearly 7 percent in the second quarter of
    2020—equivalent to 195 million full-time jobs

    • “Today’s skills will not match the jobs of tomorrow,


    and newly acquired skills may quickly become
    obsolete.”
    ILO Global Commission on the Future of Work, 2019

    CapaBuil @2020..Built on Better! 3


    • “65% of children entering primary school today will
    ultimately end up working in completely new job types
    that don’t yet exist.”
    • nearly 50% of subject knowledge acquired during the first
    year of a four-year technical degree outdated by the time
    students graduate, according to one popular estimate

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    The 4IR

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    Reskilling for Organizations

    • Rapidly identify the skills your recovery


    business model depends on
    • Build employee skills critical to your new
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    • Launch tailored learning journeys to close
    critical skill gaps
    • Start now, test rapidly, and iterate
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