Upskilling    

In the emerging world driven by the Fourth Industrial Revolution, the digital transformation is reshaping work for millions globally. The new era offers immense opportunities for financial prosperity, societal progress and personal growth. However, realising these potentials requires a proactive approach in developing the essential skills needed. While technology creates new, effective jobs and boosts productivity, it also reduces the demand for certain traditional roles, necessitating a significant workforce transition.

To navigate this transition, investment in human capital and development of both digital and soft skills is crucial. Upskilling is now an essential response to technological advancements. Organisations must embrace workforce development as an asset and actively facilitating reskilling and upskilling journeys for their employees.

Facing challenges?

• Are you experiencing slow or no growth in workforce productivity?
• Are you struggling with your ability to innovate or deliver on strategically important initiatives?
• Are you facing poor employee engagement scores and falling sentiment about employer brand? Are you experiencing valued worker flight and inability to recruit key hires?
• Do you need to rapidly transform business in response to competitive pressures? Are you dealing with culture or union resistance to change?
• Are you failing to deliver value from significant technology investment leading to pressure from shareholders?

Bridging the digital divide with upskilling

In this short documentary, academics, NGOs, policymakers and business leaders explain why upskilling for a digital world has become a priority for society, organisations and governments. We’re at an inflection point — we need to act now, collectively, to tackle this major, global issue before we risk excluding great parts of society from the workplace. This is a complex problem that will require decision-makers to come together.

Upskilling the world's youth

As part of our New world. New skills. programme, a collaboration with UNICEF has been launched with the aim of helping upskill the world’s youth. Our collaboration with UNICEF will support Generation Unlimited, a multi sector partnership aimed at helping 1.8 billion young people transition from school to work by 2030. PwC and UNICEF, in support of Generation Unlimited, will together convene public, private and civil society stakeholders to develop investment opportunities, programmes and innovations that support young people in their path to productive futures and engaged citizenship.

The collaboration is also supporting research on the global skills challenge and developing and expanding education and skills programmes in several countries, including in India and South Africa.