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The Importance of Job Re-Skilling – Statistics and Trends [Infographic]

September 17, 2019

Did you know that Up to 1.4 million workers will need reskilling by 2026. Out of which for 70% of workers, the change will happen because their job type ceases to exist. At least 54% of all employees will require significant re- and upskilling. Of these, about 35% are expected to require additional training of up to six months, 9% will require reskilling lasting six to 12 months, while 10% will require additional skills training of more than a year. Check out our infographic to know about the importance of Job Re-skilling and latest job reskilling latest statistics and trends.

The Importance of Job Reskilling - Statistics and Trends

Infographic by Website Design Agency in Singapore

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Expected average reskilling needs across companies

Reskilling Needs%age
Less than 1 month13%
1-3 months12%
3-6 months10%
6 – 12 months9%
Over 1 Year10%
No Reskilling needed46%

 

41% of employers are set to focus their reskilling provision on high-performing employees while a much smaller proportion of 33% stated that they would prioritize at-risk employees in roles expected to be most affected by technological disruption.

Only about 30% of employees in today’s job roles with the highest probability of technological disruption have received any kind of professional training over the past 12 months

74% of respondents are ready to learn new skills or re-train to remain employable in the future

Average Workforce Reskilling Needed by Industry

Industry%age of workforce that needs Reskilling
Automotive, aerospace, supply chain and Transport55%
Aviation, travel  and tourism68%
Consumer50%
Energy utilities and Technologies49%
Financial services and Investors56%
Healthcare59%
Information and Communication Technologies50%
Infrastructure53%
Mining and Metals50%
Oil and Gas50%
Professional services50%

 

84% of companies surveyed said that they were increasing their investment in reskilling programs with 53% saying that they would increase this budget by 6 percent or more

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