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Reskilling & Upskilling

August 27th, 2021 by PostPcEra

Reskilling and Upskilling: A Strategic Response to Changing Skill Demands

Messaging

What & Why

  • Reskilling and Upskilling: A Strategic Response to Changing Skill Demands
  • you want to start as Learner to become Earner, you came to the right place.

jobs old to new

  • The 2018 Future of Jobs Report from the World Economic Forum predicts that 75 million jobs will be displaced by 2022 in 20 major economies. At the same time, 133 million new roles are expected to be created, driven by advances in technology and continuous digital transformation.

  • As demand for new capabilities gathers pace, reskilling and upskilling can enable your organization to develop the skills needed to remain competitive.

Reskilling versus upskilling

Upskilling is the process of learning new skills or of teaching workers new skills.
Reskilling is the process of learning new skills so you can do a different job, or of training people to do a different job.


Both are now effective strategies for employers to combat what is expected to become a perennial skills shortage.

  • Reskilling means looking for people with ‘adjacent skills’, that are close to the new skills your company requires. It provides a lateral learning experience. The World Economic Forum estimates that over half of all employees (54%) will require ‘significant’ reskilling by 2022.

  • A culture of upskilling, on the other hand, means teaching employees new, advanced skills to close talent gaps. It involves your team members in continuous education and helps them to advance along their current career path. These employees may have worked for your organization for several years and possess an in-depth understanding of both your culture and your customers.

  • While two thirds of organizations believe that workforce development programs will help to address the skills gap, they are slow to take action due to financial constraints and the lack of suitable technology to support internal initiatives. Without taking action now, however, your company’s ability to meet its long-term goals are at risk if you do not have access to the skills you need.

  • Four out of five CEOs identified their employees’ lack of essential skills as a threat to growth in PwC’s 22nd Annual Global CEO Survey.

React

basics

other react

  • React calling external JS libs
  • React allows us to build custom Hooks, which let us extract component logic into reusable functions. The logic to append an external JS file to a component could be stored as a custom Hook as below: