The impacts of the COVID-19 pandemic on the global economy and people’s lives have been devastating. Unemployment on a massive scale will go hand in hand with an exponential rise in national debts, which in turn will constrain government relief for the unemployed and will increase the tax burden for businesses and most citizens. The challenge across generations will be to find ways to improve individuals’ prospect of employability in this environment. The good news is that there are courses to chart that will help.
Identifying and nurturing the right skills for this new world will be key. Even before COVID-19, CEOs were concerned about finding, keeping, and developing the talent needed for the modern world. This concern is unlikely to abate even as we enter an economic downturn. That’s why many organizations, including PwC, are committing to upskilling and reskilling all their employees.
Changes in the nature of work