The realm of employment is undergoing a swift transformation, and the velocity of this shift has surged further with the advent of the Covid-19 outbreak. This unprecedented crisis has brought to light pre-existing issues and expedited the transition towards the future of work. Against this backdrop, enhancing one's employability has assumed paramount significance and there are several work trends projected to reign supreme in the year 2023.
To equip individuals with the skills required for the forthcoming work paradigm, this blog delves into the top five employability trends in 2023.
One of the most significant changes in the education system is the Implementation of the New Education Policy and the launch of India's First Digital University. These initiatives aim to embed employability in education and make it accessible for widespread adoption. The emphasis on skills and education being linked is a critical need of the hour, and these initiatives provide a solid foundation for scalability.
The Adoption of Degree Apprenticeships, which encourages industry-academia partnerships, is also expected to have fast-paced growth in 2023. The linkage of apprenticeship with higher education will help overcome skill deficits in the labor market and enhance youth employability.
For more details on Degree Apprenticeships and how this work-based learning program can benefit businesses - Contact us today
The future of work is keeping pace with burgeoning trends that are gaining traction, and Upskilling and Reskilling the Workforce is one such trend. Though it originated in the IT sector, it is now permeating other industries like retail, BFSI, manufacturing, and energy. This method is believed to be the most effective and economical way to mitigate the shortage of employable skills in the job market. Furthermore, employers are adopting a proactive approach by investing in top-notch educational programs not only to retain their skilled workforce but also to ensure that they remain up-to-date with the swiftly evolving job market.
The Ascent of the Metaverse is pushing digital competencies to new heights. Consequently, a dearth of skilled gaming professionals has emerged. The requisite skill sets for this field center around 3D modeling, designing, and animation, and necessitate proficiency in AR/VR, NFT, UX/UI design, and cybersecurity. With the gaming labor market projected to increase by 9.3% by 2026, businesses are allocating resources towards the upskilling and reskilling of their current personnel to fulfill skill requirements.
The burgeoning movement towards fostering resilience has emerged as a pivotal element in today's job market. A corporation's capacity to adjust to uncertainties and disruptions has become a vital ingredient in achieving success. Consequently, Employers are Prioritizing the All-encompassing Development of their Staff, granting them the independence and versatility to undertake tasks that align with their unique proficiencies and predilections. This encouraging trend is not only advantageous for employees and enterprises but also for the wider economy.
The job market is continually evolving and there are several other work trends that are expected to dominate in 2023. The implementation of the New Education Policy and the launch of India's first digital university will revolutionize the education system by embedding employability in education. Upskilling and reskilling will become crucial to remain relevant in the dynamic job market. The world is becoming more environmentally conscious, and organizations are implementing newer environmentally sustainable and friendly technologies, calling for a massive shift in the jobs and the employability skills required. The rise of the metaverse is also expected to result in a shortage of quality gaming professionals. Finally, resilience has become a critical factor in the current job market, and employers are placing more emphasis on the development of each employee.
By embracing these trends, individuals and organizations can prepare themselves for the challenges and opportunities of the future of work.
The blog is based on our Chief Business Officer Sumit Kumar’s article in the Times of India.
You can read the full article HERE