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The Lost Workforce - Upskilling for the Future

PWC Lost workForce EN
Many companies are desperately looking for candidates to fill their increasing job vacancies. Meanwhile hundreds of millions of unemployed, overqualified or under-skilled workers do not, or no longer have, the relevant skillsets required to fulfil specific roles. This lost workforce represents an incredible loss in growth and economic prosperity. This paper addresses the innovative, ambitious and practical solutions of various government policies aimed at increasing the skills portfolio of its untapped talent pool. It provides a roadmap that is backed by thorough research and substantiated by multiple examples from across the globe. Upskilling is a solution that can be tailored to resolve issues for countries, regions, industries, corporations and individuals. The solution outlined in this paper, provides a cost-effective framework of core modules that can help governments and corporations develop and implement a market-driven skills strategy and policy. If applied correctly, it can engender sustainable growth, employability and social inclusion.
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