How Skill Development Can Save the World Post-Covid
People must develop their skills to thrive in today's increasingly competitive workplace.
Governments in many countries are implementing skill development initiatives. But how can these initiatives save the world post-Covid?
Nowadays, many governments recognize that for their nations to attain or retain their status as high-income countries, they must produce better-quality goods and provide better services, resulting in more significant revenues and profits. Many of them are also concerned with establishing social equity, social inclusion and poverty alleviation. A skilled workforce and an education and training system are required to prepare young people for achieving all the above.
Skills development initiatives can help countries become more competitive by increasing employability and labor productivity, leading to structural change and economic growth. Thus, skills development could create jobs for the present workforce and increase investment in the education and training system.
Related: Soft Skills are Critical Skills
Furthermore, skill development initiatives could help reduce or overcome current skills challenges. Here are a few challenges we face today:
- A mismatch between skills and job requirements – One issue that arises nowadays is that employees' skills during training may not match the job requirement. This could result in a shortage of skills in specific industries and a surplus of employees with skills that aren't in high demand, thus leading to unemployment.
- Limited role of social partners – There is a lack of active engagement of employers' and workers' organizations in many low-income and middle-income countries. Unfortunately, these organizations must ensure that relevant and adequate training is provided.
- Training of poor quality and relevance – In some countries, training may be of poor quality and relevance due to poor quality control, a shortage of underqualified instructors, poor working conditions for trainers and obsolete qualifications, curriculum, training materials and techniques.
- Training opportunities are scarce – In countries with poor literacy and educational levels, a dominating informal economy, political unrest and considerable distances, access to training is often limited. Women and minority groups may even encounter additional difficulties to get access to exercise to improve their skills.
- Lack of coordination in the system – National and regional governments, businesses, employees, and non-governmental organizations are involved in skill development. However, their activities often overlap in developing countries and are poorly coordinated. The inability to link the supply and demand of skills reduces the beneficial effect on employment and productivity.
It is also vital for countries to have a national skill development policy rather than simply creating or upgrading skills development programs. Firstly, it can help a country have a shared vision of the skills system it wishes to establish. The policy will also help convey a set of fundamental adjustments that must be implemented so that the system's aims for skill development are coordinated. Additionally, bringing together diverse government organizations and education and training providers can help promote a more holistic approach to human resource planning.
Hence, it can be safely said that the pandemic has highlighted the need for skills development initiatives. From helping people find jobs that fit their competency levels to supporting the overall economy, these initiatives could be essential in a world post-Covid.
Entrepreneur Editors' Picks
How an Encounter With the 'Armpit of Destiny' Helped the Founder of Grubhub Take His Business From His Apartment to a $2 Billion IPO
You Can Train Your Brain to React to Stressful Situations Better. Here's the 3-Step Process.
A Disastrous Valentine's Day Inspired This Founder to Launch Her Own Floral Brand. It Became a Celebrity Magnet With Retail Revenue Up 450% Since 2019.
What Is Your Dream Job? Ask Yourself These 4 Questions to Find Out.
This Is the Crazy Process This Juice Franchise Went Through to Get USDA-Certified Organic. But It Sure Has Paid Off.
No One Would Rent Me a Café in Trendy NYC Neighborhoods, So I Tried Something Risky. Now I Have 3 Coffee Shops.