ADB suggests employee reskilling, upskilling and development
A study conducted by the Asian Development Bank (ADB) revealed the need for “reskilling, upskilling, and the development of strong technical and soft skills” to help displaced workers find new jobs.
The study also suggests the remodeling of the country’s technical and vocational education and training system as we move to a technology-driven industrialization.
“Industry 4.0 poses a huge challenge to developing nations like the Philippines, as they have traditionally relied on industrialization and its capacity to generate high-paying jobs as a path toward economic growth,” said ADB Vice-President Ahmed Saeed.
Related news
- Cost is still a factor in outsourcing decisions – Datamark · 11 Mar 2020
- Building occupied by BPO firms shut down · 10 Mar 2020
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
