The article emphasizes the critical need for organizations to invest in upskilling and reskilling programs as advanced technologies rapidly transform the labor market. Manisha Dhawan highlights that the half-life of a skill has decreased significantly to 2.5 to 5 years, making it essential for workers to adapt. The World Economic Forum predicts that 44% of skills will be disrupted due to AI advancements. Addressing this challenge, companies must ensure their workforce is equipped with relevant skills for the future to thrive in a constantly evolving environment.
Maybe 10 years or 20 years ago, we could essentially have similar skillsets for about a decade or so, but the half-life of a skill is now about 2.5 or 5 years.
According to a report from the World Economic Forum, employers anticipate that 44% of workers' skills will be disrupted in the next 5 years.
62% of leaders report that their organization has an AI literacy gap. This underscores the importance of implementing upskilling and reskilling programs.
Investing in upskilling and reskilling programs enables organizations to build a workforce equipped to navigate an increasingly unpredictable future.
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