why upskilling and reskilling is important
Learning and Reskilling – How Upskilling in 2023 Will Change Your Career In an ever-evolving world, filled with news on war, AI takeover, digitization, and economic turmoil, the time is ripe to secure your career by adding a few more tools, or rather skills, to your arsenal. If you’ve been keeping up with the news, the chances are you’re up to date on the latest developments in the employment market and the world as a whole.
In the words of Jeff Bezos “In business, what’s dangerous is not to evolve.”
What is Upskilling and Why Does It Matter?
To keep it short and straightforward, upskilling is the process of increasing your skill set to match the competitive job market. It’s becoming increasingly challenging to stay stagnant with your resume and adding 2-3 more accomplishments under your belt will significantly boost your chances of getting hired. If you’re a fresher or a few years into the job market – it’s even more important for you to get a skill upgrade. Diversification of your skill sets with a strong upgrade will go in hand with your transferable skills.
Stay on top of the news and determine for your industry what skill will be relevant for you to acquire that will support you in the next 5 years. This evaluation is not only practical but is the need of the hour for all working employees. OTU paves the way for language-inclusive learning and free skill-upgrade options to make upskilling easier and faster.
Also read: How to get a Job as a fresher.
Understanding Transferable Skills
Think of “portable skills” which you can carry over from one seemingly unrelated job to another job. These could be as easy as the quick thinking or problem-solving skills you acquired from being a driver for a gig. Consider those soft skills such as clear communication, time management, teamwork, creative thinking, and adaptability. Something as simple as this can open a wide array of potential jobs for you, that you may not have even considered before. Did you work as a teacher and gained empathetic listening, teamwork, attention to detail, etc.? Well, guess what? You just opened yourself to the potential world of Babysitting, Tutoring, Tele-calling, Marketing, Customer services, and much more!
Keeping a check of your own credentials can serve as a massive boost to your CV without taking any formal skill upgrade. Especially in instances of layoffs, where you want to get a job fast to support your financial needs, knowing your connecting qualifications can help you even transition to a newer industry. Even if you’re considering switching jobs, being mindful of your transferable skills can help boost your chances of securing a job faster.
For more info, check out the OTU app and browse through thousands of jobs.
Support From The Law for Skill Development of Youth
As part of its focus on revitalising the skills development ecosystem, Finance Minister Nirmala Sitharaman in Budget 2023 has pledged to support 4.7 million young people with scholarships over the next three years. As part of other education-related initiatives announced, the centre aims to expand over the next three years to employ 38,800 teachers and support staff and inaugurate 740 Eklavya model residential schools serving 350,000 tribal students. The plan to sponsor schools in Eklavya is also in line with the government’s goal of improving the socio-economic conditions of vulnerable tribal groups. A move that came in offering relief to the lower developed sectors of the Indian economy.
Moreover, PVTG development missions help develop facilities such as safe housing, safe drinking water and sanitation, improved access to education, health and nutrition, road and telecommunication links, and sustainable living opportunities.
The Budget 2023 offered great support to schemes such as iGOT Karmayogi, a learning-centric digital platform, that intends to assist lakhs of government employees to upskill and develop a modern work-life approach. The
National Skill Development Corporation (NSDC) being one of the major players in the upskilling industry will create a chain of up to 30 institutions, spanning pan India called the Skill India International (SII) network to boost global exposure in our nation.
Future of Blue-Collar Hiring Space and What It Means For You?
The gig economy, blue-collar hiring, and the unorganised sector make up to 500 million employees in India. A largely scattered workforce and an untapped goldmine due to technology automation rising mainly in white-collar jobs. Considering how the ripple effects of the pandemic can still be felt globally among all sectors, upskilling and promoting a digital platform designed for blue-collar workers to join the automation movement offers a push to the forgotten contributors of our society.
Bank of Baroda Chief Economist, Madan Sabnavis observed “There is demand for employees in areas such as logistics, construction, hospitality, and retail.” Post-pandemic economic recovery has been erratic observing that the labour market is also suffering from a labour shortage, with industry estimates that companies in all sectors are facing 30% shortage of skilled manpower.
Despite the estimates of hiring and firing in the industry, the blue-collar workforce is still in demand and expects to see a massive boom in the Indian markets. Download the OTU app – A digital platform catering specifically to blue-collar workers and hiring employees or finding your desired job.
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