premium#Learning & Development
L&D is still out of sync with how people learn
Are skilling programs sufficient to address the scale at which the mismatch between skill development, employability, and job creation is?
The skill and employment ecosystem is rapidly changing in India, as it is the world over with rapid disruption of business models. The jobs and skills that exist today did not exist a decade ago and in this context, the skills gap of today is real. But as much as the academia, industry, and the government are trying catch-up the pace at which the new-age industries are generating demand for new skills, it will be a while before we can bridge that gap. An agile and integrated skilling system that helps the current and future potential workforce to constantly adapt to the ever-changing needs of the business world and also stay relevant for new opportunities is the need of the hour.
It is stipulated that more than 12 million youth between 15 and 29 years of age are expected to enter India’s workforce every year for the next two decades. The government’s recent skill gap analysis further concludes that by 2022, approximately 109 million more skilled workers would be needed in ...
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