The Urgent Need for Reskilling

The rapid advancement of technology, particularly AI, is creating a significant demand for workforce reskilling, as traditional skills become obsolete at an alarming rate. Currently, the half-life of skills is approximately five years, meaning that half of the skills workers possess will become outdated within that period. This situation affects one in three workers globally, highlighting the necessity for individuals to undergo reskilling in order to transition to new or evolved job roles. Companies and governments must collaborate to ensure these workers receive the training needed to adapt within this rapidly changing job landscape.