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The So What from BCG
From the Archive: Rewire or Retire
Jan 1, 2025
Sagar Goel, a leader in digital reskilling and leadership development at BCG, explores the urgent need for upskilling in a world increasingly shaped by AI. He highlights that one in three jobs will be disrupted, stressing the role of both public and private sectors in preparing the workforce. Goel shares strategies for companies to implement effective reskilling programs and the importance of integrating learning into daily routines. He also underscores the critical role of leadership in fostering a continuous learning culture to navigate the tech-driven landscape.
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Quick takeaways
- AI advancement may disrupt one in three jobs, highlighting the urgent need for collaborative reskilling efforts across sectors.
- Successful reskilling initiatives, like IKEA's transformation of roles, demonstrate that adapting to technology can drive growth and career opportunities.
Deep dives
The Urgency of Reskilling in the Age of AI
The rapid advancement of technology, particularly artificial intelligence, necessitates a significant reskilling of the workforce. Research indicates that one in three workers will face substantial job disruptions due to AI within this decade, and skills have a half-life of just five years. With only 14% of frontline employees receiving any training, businesses face a critical challenge in developing their talent adequately. This situation underscores the need for a collaborative effort among governments, corporations, and individuals to address the pervasive issue of skill gaps in the workforce.
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