Building a better workforce for the future

One career for life is no longer the norm; workers will need skills development, learning.

by Alfred F. Kelly, Jr., Chairman and CEO, Visa

How and what we define as work is rapidly changing. There is a disconnect between the type of work we’ll do in the future and the skills that will be needed to support this future.

The way we think about work also needs to change. The traditional life model of “learn, do, retire” is no longer relevant, according to a study by the World Economic Forum[1]. By 2022, the core skills required to perform most roles will, on average, change by 42 percent. One career for life is no longer the norm; workers will need to shift to a job market that prioritizes skills development and learning.

I was recently appointed to serve on the American Workforce Policy Advisory Board to advise the public sector on ways in which private industry and educational institutions can tackle the ongoing skills crisis and enable workers’ access to demand-driven education, continuous training and work-based learning opportunities. Earlier this week, the Advisory Board put forward a number of actionable recommendations that will bring more Americans into the workforce, strengthen skills-based hiring and training and advance opportunities for lifelong careers. This collaboration between government and private sector is critical to the health and competitiveness of the American workforce and the American economy.

 

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