Jobs and the Future of Work

From classroom to career: Building a future-ready global workforce

Loving to spend time here. Cheerful girl looking into the camera with a light smile on her face while standing in a workshop and holding a human like robot hand. Workforce development

We need education systems to evolve in tandem with workforce development demands. Image: Getty Images/iStockphoto/Zinkevych

Vijay Eswaran
Executive Chairman, QI Group of Companies
This article is part of: World Economic Forum Annual Meeting
  • We have reached a pivotal moment when inaction in education and workforce development could cost the global economy dearly.
  • This challenge is being intensified by a significant shift in how young people approach their futures.
  • A collaborative, worldwide effort is needed to align workforce skills with rapidly evolving industries.

The traditional four-year degree, once considered the golden ticket to career success, is being reimagined in an era dominated by artificial intelligence (AI), quantum computing and sustainable technologies.

The evidence for this transformation is compelling. The World Economic Forum’s Future of Jobs report predicts that 65% of children entering primary school today will work in job categories that don't yet exist. In the United States, a Gallup poll reported on by the Harvard Business Review in 2023 spoke of declining enthusiasm for traditional degrees. This trend is even more pronounced in the Asia-Pacific region – in Malaysia, for example, many young people are gravitating towards careers in social media, attracted by the promise of financial independence and digital success.

Global companies are adapting to this shift by valuing skills over degrees when it comes to workforce development. Industry initiatives like Google’s apprenticeship programme prioritize hands-on experience, enabling participants from non-traditional backgrounds to secure roles at top firms like Amazon and Microsoft.

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Preparing for this future demands more than just technical skills, however it requires workers to be culturally adaptable, digitally fluent and equipped with lifelong learning capabilities. Singapore’s education system offers a strong model for this kind of workforce development by balancing technical training with cross-cultural competence. Graduates benefit from high employment rates and a readiness to excel in global environments.

This transformation underscores the need for education systems to evolve in tandem with workforce demands. By integrating adaptability, cross-cultural skills and digital fluency into curricula, we can build a workforce that is ready to navigate an interconnected, rapidly changing global economy.

Rethinking education for the Fourth Industrial Revolution

As the global digital revolution reshapes industries, it becomes clear that new educational paradigms are essential to close the widening global skills gap. From Silicon Valley in California to Nigeria’s burgeoning tech scene, platforms like TikTok and YouTube, as well as AI-driven industries, have created opportunities that traditional education might struggle to address.

In Mali in West Africa, Kabakoo Academies uses AI mentorship and social media to upskill young people. This has resulted in a 44% income increase for participants in a place where over 80% of employment is informal. Similarly, South Korea is integrating AI into its national curriculum, with the aim of equipping students and teachers with emerging technology skills by 2025.

Germany’s dual education system, which combines apprenticeships with academic rigour, has become a global model for workforce development. It has achieved a 92% employment rate among graduates. Meanwhile, Malaysia’s Ministry of Education plans to extend its hybrid classroom initiative to 400 more schools by 2025, with preliminary results showing a significant improvement in job placement rates.

Bridging the global skills gap

The urgency for educational reform is universal.

For instance, South Africa's youth unemployment rate continues to hover around 30% despite a robust educational infrastructure. This underscores the need for a strategic blend of technical proficiency, entrepreneurial mindset and sustainable development awareness.

In China, rising youth unemployment has led to the emergence of the "rotten-tail kids" phenomenon. This is when college graduates are compelled to accept low-paying jobs or depend on their parents' pensions. This reflects a significant misalignment between educational outcomes and labour market demands, highlighting the urgent need for reforms that equip young people with skills relevant to the current economic landscape.

Governments are responding in new and innovative ways to boost workforce development. Malaysia’s National Training Week, for instance, offers free upskilling programmes in areas such as green technology and digital innovation.

In the Middle East and North Africa, automation could affect up to 52% of work activities in countries like Qatar, emphasizing the urgency for workforce transformation. Saudi Arabia’s Vision 2030, which includes a $6.4 billion investment in technology and training, and the UAE’s National Programme for Coders, which aims to train 100,000 coders, showcase the region’s commitment to bridging the skills gap.

Building industry-academia partnerships

Collaboration between academic institutions and industry is evolving from best practice to necessity when it comes to workforce development.

Malaysia’s Quest International University's global partnerships programme has enhanced graduate employability through experiential learning opportunities. In India, the Indian Institutes of Technology (IITs) collaborate with tech firms to create innovation hubs. This generates substantial annual research and development. In the UK, Early-Stage Prosperity Partnerships by the Engineering and Physical Sciences Research Council (EPSRC) bring universities and businesses together to tackle challenges like biodegradable polymers and aerospace materials.

The goal of these partnerships is to integrate theoretical education with real-world experience, ensuring that students and staff stay aligned with industry needs.

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Coordinating a global educational transformation

The transformation of education must be both innovative and inclusive. While digital solutions show promise, we must ensure equal access across socioeconomic groups. By embracing educational transformation now, we can nurture a generation capable of leading innovation across borders and driving sustainable economic growth.

Key priorities must include:

  • Inclusive regulatory frameworks that recognize alternative learning pathways and provide financial support mechanisms
  • Public-private partnerships funding both innovation and access for underserved communities
  • Globally recognized skills certification with flexible, affordable pathways
  • Strategic investment in learning technologies with emphasis on accessibility and affordability.

Preparing for the future of work will require a bold reimagining of how we educate and empower the global workforce. The costs of inaction – economic stagnation and social inequity – are too great to ignore. By embracing innovative, inclusive solutions today, we can unlock a more prosperous, equitable and sustainable global economy for generations to come.

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The views expressed in this article are those of the author alone and not the World Economic Forum.

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