Report: Over 2 Million Digital Jobs to Remain Unfilled in 2023 – Digital Skill Gap
A report by human resources consultancy firm, TeamLease, has found that more than two million digital jobs, including those in AI, cybersecurity, and blockchain, are expected to remain unfilled in 2023 due to a lack of available professionals with the technical skills required for these in-demand roles.
The report, titled “Skills strategies for the strong, sustainable, balanced field of work,” has highlighted a range of effective strategies that can help organizations assess and augment their existing skill-development programs to improve productivity.
Desperate Companies Struggle to Find Skilled Workforce
As companies continue to struggle to find the skills they are looking for, their competitiveness and growth prospects are at risk.
At the same time, a large chunk of the unemployed and underemployed remains inaccessible for most companies due to the skill gap. This gap is resulting in a shortage of skilled workers.
With the increasing demand for automation and big data analytics, more than half of the employees need to reskill themselves in the coming two years to stay competitive in the world of work.
More Than 30 Million Digitally Skilled Professionals Needed by 2026
According to the report, the country needs more than 30 million digitally skilled professionals by 2026.
On average, an employee has to develop more than five new digital skills by the next year. The report also highlights a seven-step skills strategy for corporates, which can directly impact their workforce productivity, revenue, and growth.
Effective Outcome-Focused Learning Approach Recommended
The proposed recommendation includes having an effective outcome-focused learning approach with structured impact evaluation metrics.
From developing a skills matrix, conducting skill audits to targeting specific learning journeys, and intermingling upskilling within the company culture, a comprehensive skill development strategy will lead to a more sustainable future of work.
The report by TeamLease highlights the growing skills gap in the digital job market, which poses a significant risk to businesses’ competitiveness and growth prospects.
As the demand for digital skills increases, it is crucial for organizations to assess and augment their existing skill-development programs to ensure their workforce remains competitive and up-to-date with the latest technological advancements.