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View All NewsApril 23, 2021
Many hard-hit sectors of the economy will not come back after the pandemic and are likely to be replaced by emerging jobs that demand new and advanced skills in other industries, according to a report released this week by The Conference Board.
It will require that employers, trainers, educators and public policy officials collaborate to prepare new workforce entrants with in-demand skills as well as upskill displaced and incumbent workers, according to the report.
“The pace of change, including the accelerated technological transformation during the pandemic, demands a workforce of life-long learners continuously upgrading their technical skills, as well as those abilities valued by employers that cannot be automated: critical thinking, communications and the ability to think ‘outside the box,’” said Lori Esposito Murray, president of The Conference Board’s Committee for Economic Development.
“Looking forward, the US must incentivize public-private partnerships that aim to bridge the skills gap to sustainable, well-paying careers and also incentivize unemployed and employed workers to prepare for the post-pandemic economy,” Murray continued.
Some steps business leaders should take include committing to improving employees’ overall technical literacy and carrying assessments of technologies and mapping the skills and jobs needed to integrate them into business.
The report also called for busines leaders to redesign the human capital process to delineate clear career pathways, along with the skills they require and ways to attain those skills. It’s hoped that this would empower employees to control their own careers.
“A focus on skills — not jobs — will require changes in the talent and human capital strategies used by many organizations today,” said Amy Liu Abel, VP of human capital at The Conference Board.
“The ability to hire, promote and move talent within the organization based on skills will require business leaders to recalibrate those processes,” Abel said. “Everything from recruiting to learning and development, to performance management and assessment, to promotions and talent mobility, must change. Business leaders will be critical to reforming career development.”
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April 24, 2021 at 12:43AM
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The wake of Covid-19 will bring skills challenge for businesses, policymakers and others: The Conference Board - Staffing Industry Analysts
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