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Showing posts with the label Global Workforce Crisis

The New Global Higher Education

To paraphrase Dickens, this is the best and the worst of the times for Global Higher Education. There has never been a time of greater demand and greater desire for it. As millions join the ranks of middle classes in Asia and Africa, the West, its lifestyle, income levels and culture define the shape of the dream - and global higher education represents the pathway to it. On the other hand, these students were never less welcome in the metropolitan centres of Europe, Australia and the United States. For all its high-minded rhetoric of borderless knowledge, the West feels overcome with migration, the modern-era exodus through the heart of Europe being its most visible manifestation. It is under an intellectual seizure, with extremist rhetoric and isolationist tendencies on the ascendance across the continent. Global education, in the form we came to know it, has never been more difficult to attain or costlier. One crucial factor that widens this chasm is the nature of the ...

A Legitimate Aspiration : India as the 'HR Capital of The World'

The Indian Prime Minister unleashed a big idea in his big speech last week, India as the HR Capital of the world! Speaking at the launch of Skill India campaign on the World Youth Skills Day on 15th July, he laid out the goal of making India the Human Resources capital of the world. This was a sound objective, something that is suitably aspirational for a statesman and rather obvious at the same time. There is a looming Global Workforce Crisis, using a term coined by Boston Consulting Group, which may notionally cost the global economy upwards of $10 trillion between 2020 and 2030 - and India has the right raw materials, young people, for a solution.  It is also India's  opportunity to lose. The country's 'Demographic Window of Opportunity', a period when at least 55% of its population is working age, opened in 2015. When population of most other countries are ageing - both United States and China would start to have more retirees than working people within the ne...

Education-to-Employment Gap - Need for A Joined-Up Approach

As more and more students go to college all over the world, the problem of education-to-employment gap become more and more significant. Though data varies from country to country and discipline to discipline, it is safe to assume at least 50% of those who are in college today will not find an employment. Despite this, the queues to join colleges are becoming longer, as the promise of Middle Class life is the mainstay of the social arrangements that we have now, and every now government in every country comes to power promising the magic formula of creating the jobs for educated (or skilled) people. This creates another problem, that of educational access. There are simply not enough seats in colleges for those who want to join them, at least not in good colleges and not in the areas where these students are. This creates a second problem - of educational access. Add to this the Global Workforce Shortage, that companies wanting to fill positions can not find workers, and one gets the...

Global Workforce Crisis - Open Competency Frameworks and Learning Commons

The hottest discussion in education is the development of Open Competency Frameworks. Gone are those days when a list of courses is the language educators would throw at rest of us. The conversation is now very much around what the education does, because that is what everyone involved in education, government, employers, community and students, want to know. Yes, indeed, there are far too many prospectuses around with endless lists of courses, but we are getting to a point when they need to be rewritten. However, while there is some kind of consensus emerging around the idea of competencies, there is no such agreement on what they should be. Many educators feel that competency is a corporate word, and education should not subject to employer interests alone. This is indeed a justifiable stance, given that employers are often focused on immediate opportunities and not on building capacity and future options, but the educators must offer a better alternative than a list of courses...

Global Workforce Crisis: Why For-Profits Will NOT Save The World?

Parag Khanna and Karan Khemka's 'audacious idea', published by Harvard Business Review in 2012, was to ' enrol the world in For-Profit Universities ' in 10 years. They were talking about the 'Global Workforce Crisis' as we are trying to frame it today, along with another issue that we seldom discuss now - that of population! Since then, both of these issues have accentuated: The global workforce crisis has reached serious proportions to start threatening economic expansion (with its short term solutions, such as immigration being politically unacceptable), and the surge of population, which the expansion of global markets was supposed to have absorbed into productive work, caused serious disruptions in a number of countries when such market magic failed to materialise. If anything, the need for an education solution is ever more urgent and important. The 'audacious idea' was however not too audacious as this simply recycled market orthodoxy wit...

What Gets You Hired In 2015: Top 10 Skills for Graduates

I came across an interesting survey by National Association of Colleges and Employers (NACE), a not-for-profit group, which aims to determine what the employers want in graduates they hire. The survey draws upon a relatively small group of employers, there are only 260 respondents as reported in the Forbes article, and this includes a number of large corporations. The information coming out of the survey, as reported in Forbes, are somewhat obvious in itself. The most preferred degrees for the participating employers are in business, engineering and computer and information sciences. The skills that the employers prefer are the following (in order of preference): 1. Ability to work in a team structure 2. Ability to make decisions and solve problems (tie) 3. Ability to communicate verbally with people inside and outside an organization 4. Ability to plan, organize and prioritize work 5. Ability to obtain and process information 6. Ability to analyze quantitative data 7....

Global Workforce Crisis: Case For A Creative Education

Global Workforce Crisis is real, going by plain demographic numbers. The solutions available, immigration, offshoring and extending the retirement age, are politically difficult. The only available option is improving mass education, but there are entrenched interests, of power and privileges, that seeks to undermine the case for a good public education. If this does not make the problem look bad enough, there is more: It is not more of the same education that would solve the problem and we may need to think about the educational model as well. This new educational model, I shall argue, needs to put creative and cultural education at the heart of the educational process, at all levels. Our current model of education assumes that culture is a rich man's thing, leaving out all the museum visits and piano lessons as expensive add-ons to schooling. Mass education, as we see it, is a rough-and-ready thing about literacy and numeracy, which will allow the pupils a shot at all the v...

Global Workforce Crisis: Framing The Education Question

I have posted about Global Workforce Crisis and Education as its only plausible solution . However, the question remains: If the problem is so obvious, and everyone more or less agrees that good education is the solution, and, more importantly, as everyone seems to talk about it too, why do we have so little done? Indeed, one could say that there has been a surge in private investment in education - in fact, education, and particularly technology-led solutions to education, has been one of hottest sector for venture investment since 2011 - but the impact of it, particularly in improving access and quality of education for poorer people, has been very limited. In fact, apart from the eye-watering amounts that some of the MOOC companies raised (and one could argue that MOOCs are not for everyone, but just the well-educated), most of the education investment has gone into creating top-end schools and colleges, improving the quality and opportunity for the top 5% - 10% of the population...

Global Workforce Crisis: Education As A Solution

I recently wrote about the 'Global Workforce Crisis' ( see here ). This issue, from my perspective, is both self-evident, because there is no denying of the age curve, and limited, because there are so many other issues, political, social, environmental and even emotional, that need to be dealt with before we can even start talking about 'workforce crisis'. The world is more than one giant factory, and pursuing problems such as these make us overlook that. However, it is also equally important, before we indulge into any of those 'soft' aspects of the Workforce crisis, to appreciate how important 'economic growth' really is in the system we live in. Small is beautiful may be a great motto, but in the wider economy, with constant growth, there will be no 'credit'; and without credit, there will be no economy. The economic debate is not about how we can keep things the way they are, but how we can keep moving forward - because the modern econ...

Global Workforce Crisis: Time To Start Thinking

In an interesting TED talk (see below), Rainer Strack underscores the urgency of thinking about global workforce crisis. The numbers, as projected in the work of BCG (to which he was a contributor), are indeed telling: The workforce crisis may cost $10 trillion worth of GDP between 2020 and 2030 ( see the BCG work here ). This is not any doomsday talk urging people into action, because the facts are in plain sight anyway: The population in developed nations are aging and there are not enough new births to take the place of retirees. The solutions are common sense but politically impossible: Import workers from countries which may have surplus labour or worse working conditions. Indeed, Messers Strack and others see the limitations in this formula and suggest a mix of measures, not just geographical migration but also non-geographical ones (such as offshoring) and bringing more women and retirees into workforce (Child labour is indeed a taboo subject). This conversation is im...