Watch Sr. Director HR of PepsiCo share her views on making learning a strategic pillar for employee growth
4 Key insights from Upskilling for shared prosperity report
4 Key insights from Upskilling for shared prosperity report

3 Key insights from upskilling for shared prosperity report

Upskilling has drastically evolved from being a choice to a necessity. It is currently the need of the hour for businesses of various sizes.  World Economic Forum in collaboration with Pwc has come up with an insightful report “Upskilling for shared prosperity” that highlights the disconnect between current education programs and the skills that employers need now and in the future. 

The report sets out the advantages of nurturing aspirations and developing the kinds of skills that people will need throughout their lives. 

This in-depth report is a wake-up call for wide-scale upskilling. It provides a quantitative analysis of the impact upskilling can have on economic growth.

As per the report, wide-scale investment in upskilling has the potential to boost GDP by $6.5 trillion by 2030.  

Here are a few excerpts from the report

Upskilling could lead to the net creation of 5.3 million new jobs by 2030 

Upskilling could propel the transition to an economy where human labour is valued and augmented rather than replaced by new technologies. 

Upskilling can lead to additional job creation and reshape workforce

Upskilling could be a progressive step for countries with high levels of inequality. It would help them see a rise in the quality of jobs as the scope to shift from low-cost labor to technology-augmented jobs is high. Moreover, upskilling could also help improve wages and livelihood.

COVID-19 has accelerated the need for action 

The Covid-19 crisis has expedited the need for incorporating an ambitious global upskilling agenda because it is forcing digitalization and automation at a rapid pace. Upskilling opened door to self-directed learning and nano-degrees for lifelong learning.

Upskilling with the right solution 

If skill development continues to lag behind technological progress, the G20 economies could lose up to $11.5 trillion in cumulative GDP. So upskilling is of paramount importance is the modern work culture. 

An AI-driven skilling stack can help combat the upskilling challenges and aid employees in career advancement. Various companies like Bajaj Allianz, Wellness Forever, Angel Broking, Uber, etc have explored the capabilities of disprz, an all-in-one skilling solution to upskill their employees. 

Preview disprz in action to find out how it can help you empower your employees with the right skilling.

Subscribe to Disprz Newsletter

read our blog

Asynchronous learning- An In-depth guide
blog article

Asynchronous Learning: An In-Depth Guide To Amplify L&D And Drive Retention 

Have you faced the heat of “The great quitters” or “The great negotiation” lately?  Either the organizations are unable to find the right talent or …

read more
Workforce Development With On-The-Job Training Methods
blog article

4 On-the-job Training Methods for Skilling Employees

“Where my reason, imagination or interest were not engaged, I would not or could not learn.”Sir Winston Churchill In today’s instant messaging world, the flow …

read more
Learning a strategic pillar
blog article

Making Learning A strategic Pillar For Retaining, Engaging, and Promoting Employees

Amidst the ongoing trends like “The Great Resignation” and “The Quite Quitting,” it is pivotal to retain employees by offering real-time learning opportunities. In our …

read more

unlock your team's potential
connect with us to explore more.