{"id":2712,"date":"2021-02-18T14:39:23","date_gmt":"2021-02-18T09:39:23","guid":{"rendered":"http:\/\/hrexecutive.com\/?p=79510"},"modified":"2022-01-06T20:00:42","modified_gmt":"2022-01-06T14:30:42","slug":"3-ways-upskilling-can-boost-the-post-covid-economy","status":"publish","type":"post","link":"https:\/\/www.postaresume.co.in\/blog\/hr-trends\/3-ways-upskilling-can-boost-the-post-covid-economy","title":{"rendered":"3 ways upskilling can boost the post-COVID economy"},"content":{"rendered":"
<\/div>\n

A new report finds the practice will be key to stimulating recovery.<\/p>\n

\nAt the World Economic Forum\u2019s Davos Agenda 2021 conference late last month, global leaders came together to discuss how to restore trust in a post-COVID-19 world.
\nOne of the week\u2019s highlights came from PwC, which released its Upskilling for Shared Prosperity<\/em>\u00a0report. The report found that upskilling global workforces will be critical for a post-COVID economic recovery.
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\n\u201cThe report notes that unemployment is expected to rise as economies continue to experience the effects of the pandemic,\u201d Bob Moritz, global chairman of PwC, said in the report. \u201cTherefore, upskilling the global workforce is key to stimulating the economic recovery from COVID-19.\u201d
\nAccording to the report, the three broader advantages of upskilling are increases in productivity and job creation\u2014especially of high-quality, fairly paid jobs\u2014which in turn helps reduce wage inequalities, especially those created by skill-based technological change.<\/p>\n
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The report also notes that business sectors that have suffered from low-wage growth and output for decades could reap significant benefits from upskilling. For example, health and social care could add $380 billion in additional GDP through upskilling by 2030.
\nIncreasing upskilling won\u2019t be easy, PwC notes in the report, which was developed in collaboration with the World Economic Forum. Challenges include\u00a0the disconnect between current education programs and the skills that employers need now and in the future. Businesses and policymakers, however, can take steps that the report spells out to create more inclusive and sustainable economies.
\nLeaders, in particular, will require some upskilling focus, says Forrester principal analyst Katy Tynan, whose work centers on preparing leaders for the future.<\/p>\n

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She\u00a0notes that even in normal times, too many leaders struggle to inspire and engage their teams and organizations. Tynan will discuss the expected demand for upskilled workforces in a keynote address, Not All Leaders Are in the C-Suite<\/em>, at the Spring HR Technology Conference & Expo, which will be held March 16-19.\u00a0With the added stress of a global pandemic\u2014which has transformed how, when and where we work\u2014employers have seen some leaders rise to the challenge, Tynan says, but others have not.
\nTypically, the development focus is on senior leaders: CEOs, presidents, CHROs, CIOs. But, when the \u201cgritty work of change\u201d gets done in organizations, it often happens through the effort of leaders who don\u2019t reside in the C-suite: frontline managers, directors and team leaders. Yet, in many cases, employers have underinvested in upskilling these key resources\u2014leaving significant gaps in their ability to respond and rise up to meet the type of challenges that emerged this past year, Tynan recently told HRE.
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\n\u201cThere\u2019s another transition coming,\u201d she said\u00a0about the need to constantly revisit the skills leaders are equipped with, especially those outside of the C-suite. \u201cIt\u2019s not enough to say, \u2018OK, now we know how to do [leadership development for managers].\u2019 Because next year there will be something very different and managers are going to have to pivot again and learn new skills. You have to keep investing.\u201d
\nAt Spring HR Tech, which is free to attendees, Tynan will offer up data about the value of developing these frontline leaders and explore ways to strengthen this critical community to ultimately drive organizational resilience and adaptiveness\u2014essentially, the highest level of upskilling.
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A new report finds the practice will be key to stimulating recovery. At the World Economic Forum\u2019s Davos Agenda 2021 conference late last month, global leaders came together to discuss how to restore trust in a post-COVID-19 world. One of the week\u2019s…Read More »<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":2713,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[990,15],"tags":[560,561,562,340,527,563,564,538,565,539,681,756,566,567,568,569,570,1205,1206,1139,823,1207,1170,1208,1111,1209,1112,441,373,904,446,103,104,105,106,107,108,109,110,111,112,113,114,115,116,117,118,119,120,585,1210,449,707,490,529,212,1211,905,586,587,1172,588,683,519,389,545,589,125,126,127,128,129,130,131,1212,590,591,592,456,593,594,708,302,595,596,597,598,599,134,135,136,137,138,139,600,409,601,602,603,396,604,745,1175,686,605,606,607,608,609,610,1176,1213,611,612,613,143,17,746,747,1214,1179,757,758,759,748,144,145,146,147,148,149,150,151,152,153,1215],"class_list":["post-2712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hr-news-and-updates","category-hr-trends","tag-best-executive-search-firms-in-ahmedabad","tag-best-executive-search-firms-in-gujarat","tag-best-executive-search-firms-in-india","tag-best-hr-consultancy-in-ahmedabad","tag-best-job-consultancy-in-ahmedabad","tag-best-job-consultancy-in-gujarat","tag-best-job-consultancy-in-india","tag-best-job-sites","tag-best-job-sites-in-ahmedabad","tag-best-job-sites-in-india","tag-best-job-sites-in-india-for-experienced-candidates","tag-best-recruitment-consultancy-in-ahmedabad","tag-best-resume-writing-services-in-ahmedabad","tag-best-resume-writing-services-in-gujarat","tag-best-resume-writing-services-in-india","tag-career-counselling-in-ahmedabad","tag-career-counselling-in-gujarat","tag-career-development","tag-continuing-education","tag-coronavirus","tag-covid19","tag-education","tag-employee-benefits","tag-employee-development","tag-employee-engagement","tag-employee-experience","tag-engagement","tag-engineering-job-consultancy-in-ahmedabad","tag-engineering-placement-consultants-in-ahmedabad","tag-executive-search-firms","tag-foreign-job-consultancy-in-ahmedabad","tag-get-settled-in-america","tag-get-settled-in-australia-get-visa-in-chile","tag-get-settled-in-canada","tag-get-settled-in-chile","tag-get-settled-in-new-zealand","tag-get-settled-in-north-america","tag-get-settled-in-south-america","tag-get-settled-in-urugua","tag-get-settled-in-usa-get-settled-in-us","tag-get-visa-in-america","tag-get-visa-in-australia","tag-get-visa-in-new-zealand","tag-get-visa-in-north-america-get-visa-in-canadan","tag-get-visa-in-south-america","tag-get-visa-in-uk-get-visa-in-england","tag-get-visa-in-uruguay","tag-get-visa-in-us","tag-get-visa-in-usa","tag-global-retained-executive-search-firm","tag-hr-leadership","tag-job-consultancy-in-ahmedabad-for-pharma","tag-job-placement-agency-in-ahmedabad","tag-job-placement-consultants-in-ahmedabad-list","tag-job-placement-in-ahmedabad","tag-jobs-in-ahmedabad","tag-learning","tag-list-of-executive-search-firms","tag-list-of-job-consultancy-in-gujarat","tag-list-of-job-consultancy-in-india","tag-mental-health-benefits","tag-national-executive-recruiting-firms","tag-overseas-job-consultants-for-civil-engineers-africa-jobs-consultants-in-india","tag-overseas-job-consultants-for-mechanical-engineers","tag-overseas-job-consultants-in-ahmedabad","tag-overseas-job-consultants-in-gujarat","tag-overseas-job-consultants-in-india","tag-overseas-opportunity-in-australia","tag-overseas-opportunity-in-canada","tag-overseas-opportunity-in-chile","tag-overseas-opportunity-in-new-zealand","tag-overseas-opportunity-in-north-america-overseas-opportunity-in-chile-overseas-opportunity-in-usa-post-a-resume","tag-overseas-opportunity-in-south-america","tag-overseas-opportunity-in-uruguay","tag-performance-management","tag-placement-agency-in-ahmedabad","tag-placement-agency-in-gujarat","tag-placement-agency-in-india","tag-placement-consultancy-in-ahmedabad","tag-placement-consultancy-in-gujarat","tag-placement-consultancy-in-india","tag-placement-consultant-in-ahmedabad","tag-placement-consultants-in-ahmedabad","tag-placement-consultants-in-gujarat","tag-placement-consultants-in-india","tag-placement-firm-in-ahmedabad","tag-placement-firm-in-gujarat","tag-placement-firm-in-india-list-of-job-consultancy-in-ahmedabad","tag-pr-opportunity-in-america","tag-pr-opportunity-in-chile","tag-pr-opportunity-in-south-america","tag-pr-opportunity-in-uruguay","tag-pr-opportunity-in-us-pr-opportunity-in-north-america","tag-pr-opportunity-in-usa-pr-opportunity-in-uk","tag-recruitment-consultants-in-africa","tag-recruitment-consultants-in-ahmedabad","tag-recruitment-consultants-in-gujarat","tag-recruitment-consultants-in-india","tag-recruitment-consultants-in-tanzania","tag-resume-writing-services-in-ahmedabad","tag-resume-writing-services-in-gujarat","tag-settle-in-south-america","tag-talent-management","tag-top-10-job-sites-in-india-for-experienced-job-seekers","tag-top-100-executive-search-firms","tag-top-5-executive-search-firms","tag-top-national-executive-search-firms","tag-top-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