Everyone should be able to live, learn, work and participate in the digital world
Today, the sheer speed, scope and impact of technological change are challenging businesses and the society at large in fundamental ways, propelling an urgent need for upskilling. In Singapore’s upcoming Budget 2020, the Ministry of Finance has affirmed that transforming the country’s industries and workforce is one of the main national priorities. Helping businesses to innovate, go regional and build capabilities, as well as helping Singaporeans upskill and reskill are key focus issues for the government.
Upskilling though, is more than just providing access to training. It’s also about identifying the knowledge, skills and experience that will be most valuable in the future for new and transformed roles, the individuals who can excel in those roles, and developing an effective way to support and inspire people to take action today and continue to adapt in the future.
A strong, robust and well thought out budget plan will help Singaporeans prepare and position ourselves strategically for this uncertain and rapidly advancing future.Join the conversation and find out more on Budget 2020 here!
“The case for upskilling is clear – there is a mismatch in the skills people have and skills businesses are looking for. While business leaders have made automation, digitisation and extracting the value of data (including artificial intelligence) a priority in their business, their workforce must be able to complement the value that these new technologies bring. Each member of the ecosystem - business leaders, governments and educational institutions – must work together to upskill our people to meet the workforce needs of the future and drive sustainable economic growth for Singapore”
In order to keep up with the tide of change, technology has now become a key part of many companies' transformation pathway. But this digital trend is also making people increasingly anxious about the future of their jobs. Fang Eu-Lin, Leader of PwC's Academy in Singapore shares how upskilling can help to alleviate this anxiety.
Here’s what more than 2,000 Singaporeans told us on their hopes and fears.
Whether you're excited or concerned about the impact of technology and what it means for jobs and skills, sign-up for the latest insights and perspectives.
The digital revolution requires a skills revolution. The skills revolution is about helping people build their digital awareness, understanding and skills to fully participate in the digital world — and it needs to start now.
Assess the current environment and challenges. Identify the size and nature of an organisation’s skills gaps and mismatches, where to start and what to prioritise.
Build strategic plans to deal with the skills gaps which have the most impact on delivering business value.
Use culture as the bedrock of an organisation’s upskilling efforts.
Create and deploy programmes which harness the organisation's culture and use key behavioural economics principles to deliver the right learning experience and rapid results.
Measure the return on investment from upskilling programmes.
Partner, PwC's Academy Leader, PwC Singapore
Tel: +65 9817 8213