Skills are changing at the same pace as technology, creating a continuous cycle of unlearning, learning, and relearning. This cycle is becoming the norm rather than the exception. This has created a need for individuals to adopt a reskilling mindset to stay relevant and adaptable.
"Reskilling is a necessity, it is a capability." - Becky Frankiewicz, Manpower Group.
I think many would agree that reskilling has a lot to do with curiosity, and not everyone is thrilled by the idea of being reskilled.
The data from World Economic Forum report shows that in the next 5 years, 44% of worker skills will be disrupted.
Skills vs Jobs
The traditional model of focusing on specific job titles or degrees is shifting towards a skills-based approach. Instead of solely relying on a particular field of study, individuals need to identify the core skills they possess and understand how they can apply them in different contexts. This shift allows for greater flexibility and adaptability in the labor market.
Mindsets such as reskilling for retention and reskilling for portability mindsets have emerged. Reskilling for retention involves aligning skills with personal aspirations and finding joy and purpose in work and personal life. Salary is not the primary factor for retention; employees prioritize opportunities for skill growth and career development. Reskilling for portability requires a lifelong learning mindset and breaking down careers into key skills for easier transitions. Digital learning platforms and accessible reskilling opportunities are essential.
To sum up reskilling is a necessity in today's rapidly changing world. Adopting a reskilling mindset, driven by curiosity and a focus on skills rather than fixed job roles, allows individuals to continuously adapt, learn, and contribute their unique abilities in various contexts. By emphasizing the value of reskilling and lifelong learning, both individuals and organizations can thrive in an evolving labor market.