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Thu, Apr 13, 2023 | UPDATED 20:28 PM IST

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NewsBLOGSLifestyleTop employability trends for 2023 shaping the future of work

LIFESTYLE


TOP EMPLOYABILITY TRENDS FOR 2023 SHAPING THE FUTURE OF WORK

April 8, 2023, 3:48 PM IST Sumit Kumar in Voices, Lifestyle, TOI
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SUMIT KUMAR

Chief business officer, TeamLease Degree Apprenticeship

We live in a rapidly evolving world where trends change in the blink of an eye.
With the new decade beginning in 2020 and the massive impact of the Covid-19
pandemic, we are seeing disruption in everyone’s work lives more than ever
before, and its impact has hastened various workplace culture trends. This has
exposed existing problems and has further accelerated a change towards the
‘future of work’. 

Furthermore, the emphasis on improving employability has increased across the
board over the last half-decade, whether at the education or the enterprise
level. The New Education Policy was framed to ensure a return on education which
is measured by job readiness. In fact, even edtech firms have launched many
career-oriented programs to help workers improve their skills in order to remain
employable and relevant in the ever-dynamic volatile world of work. 

Improving one’s employability is a continuous process. To remain relevant in the
current job market, one must invest in upskilling and upgrading. Aligning with
this, here are some of the top employability trends that will dominate in 2023:

 * Implementation of new education policy and launch of India’s first digital
   university will be game changers in the current education system that is
   focused on embedding employability in education and making it accessible for
   widespread adoption. Skills and education will become inextricable linked,
   which is the need of the hour. Moreover, the two initiatives lay a solid
   foundation for scalability. 
 * Adoption of Degree Apprenticeships will be a continuation of the New
   Education Policy which will encourage massive industry-academia partnerships.
   Linkage of apprenticeship with higher education will lead to overcome skill
   deficit in the labour market and youth employability enhancement by “learning
   by doing”, “Earning while Learning”, “Learning with Modularity”, “Learning
   with Flexibility” and “Learning with Social Signalling Value”. The adoption
   started in 2022, but the trend is expected to have fast-paced growth in 2023
   due to visible green shoots.
 * Upskilling and reskilling is the mantra which began with the IT sector to
   address the skill shortage and talent cost is now being replicated in other
   sectors such as retail, BFSI, manufacturing (Auto & electronics), Energy &
   Power, among others. That is the fastest and most economical way to address
   the skill shortage. Despite being mastered by the IT sector, which continues
   to reskill its employees to upgrade its talent, others are expected to follow
   suit. Employers are also looking at this as an investment in talent retention
   by sponsoring and subsidising these high end education programs. 
 * Organisations are becoming more environmentally friendly and are conscious of
   how their actions impact the climate. As a result, newer environmentally
   sustainable and friendly technologies are being implemented to reduce carbon
   emissions and resource consumption. This calls for a massive shift in the
   jobs and skills required to do these jobs. The world is shifting to green
   technologies, and there is a 38.5% increase in green talent from 9.6% in 2015
   to 13.3% in 2021. The demand for green talent outpaces the availability of
   skills. As the demand for green talent grows, the need for skilling for green
   jobs becomes even more important. To create green talent, skilling must be
   complemented by upskilling and reskilling to align with the transition of
   economic activities towards environmental suitability. Some of the top green
   skills are required in the corporate services, manufacturing, energy, mining,
   designing and construction sectors.
 * Metaverse is taking digital skills to the next level, resulting in a shortage
   of quality gaming professionals. The skillsets revolve around modelling,
   designing and animation which needs the following skills: AR/ VR, 3D
   Modelling & Designing, NFT, UX/UI design, and Cybersecurity. As the gaming
   job market is expected to grow by 9.3% by 2026, organisations are investing
   in upskilling and reskilling of the existing workforce to update talent and
   meet skill demand.

A significant amount of economies, industries, and work cultures have been
disrupted on a major scale over the past two years. Resilience—operational,
financial, and reputational—holds the secret to survival. The better prepared a
company is to handle any uncertainties and upheavals, the more resilient it is.
Nowadays, employers are placing more emphasis on the expansion and development
of each employee. Instead of having a mindset to do the same task, regardless of
interest or skill set, they are offering employees the freedom and flexibility
to perform what suits their skills and requirements. Not only is this new trend
encouraging for workers, but also for companies and ultimately the economy.

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DISCLAIMER

Views expressed above are the author's own.

END OF ARTICLE

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