Creating learning ecosystems to build a future-ready workforce
Blog: NASSCOM Official Blog
Learning in the digital world is evolving rapidly to match with the pace of digital disruption. As the business world has seen collaboration through partnerships and ecosystems as a strategic lever to deliver end-to-end solutions to customers. In the realm of skilling also, organisations are realising the need to collaborate with MOOCs, training providers, academia, other enterprises, and government to build a future-ready workforce.
The scale of the reskilling challenge, the number of new technologies, and the need for an employee to acquire ‘Composite’ capabilities means that doing everything in-house is becoming difficult for organisations. Using the technology vendors and MOOC certifications for upskilling and reskilling is gaining traction even when internal certifications continue to be used widely. As per the NASSCOM Future Skills survey 2019, organisations are looking at collaborating within the ecosystem for skilling, certifications, content creation and curation and research partnerships amongst others.
Partnerships with MOOC providers, EdTech enterprises, and training academies allow organisations to have a skilled workforce that is ready to be deployed on live projects. These partnerships also help organisations reduce post-recruitment training cost and lower churn rate as learners develop more ownership in their roles. Organisations also utilise these partnerships for content creation and curation.
Organisations that have established alliances with academic institutions use it for specific initiatives, including faculty upgrading, internships, curriculum revision workshops, and research incubation. Companies actively collaborate with premier academic institutes for sponsored long-term (2-4 years) full-time/part time PhD courses and short-term (one year) master courses. In addition, organisations undertake research collaborations with academia, wherein they allocate R&D funds for projects led by professors. Organisations use these collaborations to develop innovative solutions for their clients in emerging digital technologies.
The industry also collaborates with other technology enterprises or product vendors that offer training programmes in digital technologies. Some industry partnerships, including IBM, Automation Anywhere, CISCO, Amazon, Microsoft, Salesforce, VMWare, Oracle, and SAP, focus on one or more technology areas. These partnerships are similar to collaborations with training providers for the purpose of skilling their employees, along with certifications in technologies. Some partnerships are also through training providers.
The industry is also looking at collaborations with the government and other industry bodies to upskill and reskill students, working professionals, and aspirants in the country. The NASSCOM FutureSkills initiative is a perfect example of this.
In addition to collaborations for fulfilling talent needs and upskilling/reskilling their workforce, organisations use the ecosystem to provide certifications and credentials. The majority of large organisations consider certifications as alternatives to assess employees’ skills in a domain. However, small organisations, specifically start-ups, consider demonstrable working knowledge to be more important compared with certifications. As per NASSCOM Future Skills survey 2019 following are the certifications and credentialing preferences for organisations.
Read full report: Future Skilling for the Digital Economy