Research by the Confederation of British Industry (CBI) has revealed 9 out of 10 workers must reskill by 2030 in a newly published report.
Ministers have been warned that £13bn of additional spending is needed each year to ensure the UK workforce can continue to prosper in the future economy.
Automation is a worry, as technology evolves the risk of unemployment grows as automation overtakes the need for those in lower-skilled roles. The CBI added the COVID pandemic has forced unemployment to a three-year high, however, not to be disheartened by this information, this offers an opportunity for growth in skills and learning.
Director-General, Dame Carolyn Fairbairn, said the damage made investment in skills more important, and would help the government to meet its election pledge to spread prosperity.
“The right skills strategy can help every worker to progress their careers, drive up living standards and level-up the country,” she explained.
She went on to express it was time for an apprenticeship shake up, arguing the apprenticeship levy had failed to deliver.
Do you agree with the reports recommendation of nine in 10 workers must reskill by 2030 or do you think differently?
The opportunity to up-skill current staff bring new opportunities within the apprenticeship sector, as an example, courses for team leaders are available for those looking to take the next step in the career.
The report went on to recommend that job centres were transformed into one-stop ‘Jobs and Skills Hubs’ to support those workers looking to improve their skills or to retrain. ‘Training tax credits’ was another recommendation which would be available to small and medium-sized firms.
Gavin Williamson, Education Secetary said: “To help boost apprenticeship opportunities, we are supporting employers to invest in the skills workforce they need to recover and grow by offering £2000 for each new apprentice they hire aged under 25, and £1500 for those aged 25 and over.”
The incentive for employers to hire apprentices is aimed to not only encourage young-adults to start an apprenticeship but encourage those of any age to retrain or upskill to help grow businesses and aid the economic recovery. You can read more about the government incentives here
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