Level Up Your Workforce Development Strategy
TRANSFORM YOUR WORLD
Achievement Unlocked: Powering Up Your Workforce
In the evolving landscape of today’s professional world, the pressing need for continuous skill development has never been more apparent. The pace of change, fuelled by digital transformation, artificial intelligence (AI) and the swift adoption of cutting-edge technologies, has created a significant skills gap that traditional learning methods struggle to bridge. But that hasn’t stopped investment. In fact, Asia-Pacific’s corporate training market was valued at $83,898.64 million in 2019 and is projected to reach $137,615.13 million by 2030.1
Rapid advancements in technology have outpaced the ability of traditional learning systems to produce professionals with the requisite skills. As organisations adopt and implement new technologies, their workforce can struggle to keep up with demands for new skills. Failure to address the skills gap may impede an organisation’s ability to harness the full potential of emerging technologies and to adapt to the dynamic demands of the digital era.
1.1 billion jobs expected to be transformed by technology over the next decade.2
But all is not lost. Instead, this sets the stage for the application of immersive learning concepts as a transformative approach to upskilling the workforce. Immersive learning offers a departure from conventional educational paradigms. Traditional methods, while valuable, often fall short in engaging learners and providing the hands-on experience necessary for transformative, real-world outcomes. As organisations demand more adaptable and versatile talent, immersive learning provides a more effective and engaging way to acquire and refine skills.
Levelling Up Amidst Change
Advancements in technologies, business models and work methodologies significantly influence a company’s foundation—their people. While transformation introduces new technology, the absence of the right talent to drive initiatives reveals vulnerabilities. Companies must focus on identifying, quantifying and delivering training and development programmes that shape new skills, behaviours and mindsets across the entire organisation.
The rapid pace of change demands that teams and individuals embrace accelerated learning, unlearning and relearning. This environment requires novel perspectives, innovative work methodologies, and a leadership and cultural norms shift.
- Asia-Pacific Training Market Regional Opportunity Analysis and Industry Forecast, 2021–2030, Allied Market Research.
- 2022 Training Industry Report, Training Industry Magazine.
- Reskilling Revolution: Preparing 1 Billion People for Tomorrow’s Economy, World Economic Forum.
- U.S. Companies Spend More Than $100 Billion per Year Training Employees. Here’s How To Actually Make That Training Stick, Fast Company.