Today’s global workforce faces an urgent need to gain new skills to keep up-to-date with the changing requirements of their jobs. Key capacities required across labour markets today encompass a set of increasingly specialized and diverse skills. Likewise, the global workforce of tomorrow – today’s children and youth – urgently need an education system that sets them up better for the future.
In previous generations a tertiary university degree of any variety (or, in some countries, a vocational qualification) was often perceived to guarantee a route to a job for life. However, such simplistic signaling of ‘job-fit’ in the labour market of today is badly outdated. As a result, employers are increasingly dependent on ever more obsolete proxies for ensuring that potential hires have the capacity to perform in the roles for which they are recruited and struggling to identify, retain and retrain the right talent. The changing nature of work in the Fourth Industrial Revolution is likely to only accelerate these trends.
In order to address this, the Shared Vision for Talent in the Fourth Industrial Revolution project will propose concrete, innovative and actionable approaches to strengthening the measurement and signaling of ‘job-fit’, with an overall aim of establishing skills as the new global currency of the labour market.
In particular, the project will aim to identify, consolidate and scale effective ways to:
- define the skills of today and tomorrow;
- assess and measure skills;
- codify and certify skills;
- infuse skills into the content of basic education, TVET, university education and adult training.
In addition, the project will provide a platform for the pioneers in these areas to come together, pool frameworks and tools, propose a new playbook and widely disseminate a much-needed new way of thinking and acting.