New Areas of Technology Job Creations for Next Decade
The ever changing technology and its ever increasing speed of change is putting pressure on existing employees and job seekers like never before. This rapid change is making them redundant and when the new recruits come, they are not ready for the new role. Cost of training may be less, but the cost of lack of training can be phenomenal for organizations globally.
A lot of productive employees are fired globally just because they were not aware about IT security norms and ended up doing something that was against the policies of the company. Lack of training in such a cases can hurt not only the employee but also the company that looses a trained person and the cost of replacement can be significantly high.
An untrained retail shop executive can drive the customer away, never to return and damage the reputation of the company even more. A few days back, an act of driving away a poor kid by a security guard in a multinational fast food chain store in Pune ended up creating a big controversy. This led the company to tender apology and work hard to contain the damage done. Loss of sale probably is a small part of the damage than the reputation of the company that is now seen by many as anti-poor.
Traditional college education that covers few years of a person’s life is no more adequate for the person to be productive in today’s market. Educational institutes cannot keep pace with the global changes, as there are too many and too frequent for them to keep up with. This has already given rise to niche training industry that caters to the up-skilling needed. However, that too is falling behind, as they are unable to reach out to everyone and at any given time.
This gap in the education market will change the way training and education will take place in future. Khan Academy and Coursera are two of such education club members who have already started redefining the education and complementing the traditional models. A lot has to come yet, but the change has started and will create a lot of opportunities in the way education will be imparted and contents being created.
Next generation may soon not see the face of a college but might have better skilling than a college goer. Many may have self-designed degrees that focus on the need of the business. It is finally the consumer that will define how and what should be taught. The consumer finally is the industry that creates jobs.
