Skills transformation is the process of upskilling, reskilling, and other activities that involve quality changes in workforce skillsets.

Both upskilling and reskilling are crucial for young people looking to enter or re-enter the workforce, as they can provide the necessary skills and knowledge needed for in-demand jobs.

One of the key benefits of upskilling and reskilling is that it can help bridge the skills gap that often exists between the skills that young people have and the skills that employers are looking for. This is especially important in today’s rapidly changing job market, where new technologies and automation are transforming many industries.

This seminar focused on the big issue, which is a billion jobs, a third of all jobs worldwide – will be transformed by technology by 2030. Inevitably, traditional sectors will be displaced as demand shifts to emerging tech including data analysis, generative AI and software development. A reskilling revolution is crucial if we don’t want workers to be left behind by automation. By 2025, half of all employees will need new skills to stay relevant, with creativity, emotional intelligence and complex problem-solving increasingly in demand alongside technical competency.

Reskilling is about giving individuals the tools to thrive in the industries of tomorrow. This is good policy at any time, given the world of work is in constant flux from new technology and demographic shifts.

Education and training systems need to keep pace with the new demand of labor markets that are continually challenged by technological disruptions, demographic change, shifting business models and evolving nature of work.

The seminar ended with some strong recommendations for the University curriculum development and the need to establish a Skill Development Center at the University level.