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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.

Person with headphones looking at a screen

Asia-Pacific corporate training market projected to reach $137,615.13 million by 2030.1

Pink triangle

Bridging this divide requires a multifaceted approach, including robust training programmes, strategic collaborations with educational institutions and a shift toward cultivating a culture of continuous learning within the workforce.

Any IT professional will tell you that training is an ongoing endeavour, essential for seasoned professionals and employees who are just entering the workforce. Continuous skill refinement and adaptation to emerging technologies are crucial. When delivered effectively, regular training yields many benefits. It diminishes the need to outsource roles, saving time and costs. However, achieving lasting success has its challenges.

  • Lack of retention: Research shows that a typical learner will forget about 70% of new information within a day of the training’s end. This increases to 90% within a week unless learners actively work to remember it.
  • Lack of flexibility: Off-the-shelf training is typically premade content incorporated into a training module. It doesn’t provide any flexibility to pivot the content based on the learners.
  • Diversity of learning styles: Traditional training programmes might not cater to different learning preferences and styles, making it challenging to effectively engage and educate a diverse workforce.
  • Lack of real-world context: No matter how in-depth the training is, when the learner applies the knowledge gained in a real-life scenario, the context can often be quite different.

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.

Pink and blue lines

TEKsystems' Tips

Immersive learning icon, pink and purple gradient color

Embrace immersive learning: Recognise the limitations of traditional learning methods and embrace immersive learning as a powerful tool for skills development. Foster a culture that values hands-on experiences and real-world application in the learning process.
megaphone icon representing clear communication of benefits to stakeholders

Address resistance to change: Acknowledge and address any resistance to change that may arise during the adoption of immersive learning. Communicate the benefits clearly, involve key stakeholders, and provide the necessary resources and support for a smooth transition.

profile head icon representing an improvement mindset

Cultivate a continuous improvement mindset: Instil a continuous improvement mindset within your organisation. Use measurable benefits and key performance indicators to assess the effectiveness of immersive learning and identify areas for enhancement.

Sources

  1. Asia-Pacific Training Market Regional Opportunity Analysis and Industry Forecast, 2021–2030, Allied Market Research.
  2. 2022 Training Industry Report, Training Industry Magazine.
  3. Reskilling Revolution: Preparing 1 Billion People for Tomorrow’s Economy, World Economic Forum.
  4. U.S. Companies Spend More Than $100 Billion per Year Training Employees. Here’s How To Actually Make That Training Stick, Fast Company.

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