Globalisation and the region – How education can address the CEO’s concerns

Global local cinop (1)

13 March 2019

There is great concern among employers about how they can get the right staff in the future. There is already a serious shortage in certain sectors. Think of technology, healthcare and education. If nothing is done, these shortages will only increase. The only way to properly close the gap between education and the labour market is to join forces. How?

Increased: the concern of CEOs about the right personnel

In a recent PwC international survey surveying 500 CEOs[1] of top organisations, we see that their main concerns relate to a number of issues. First, the uncertainty in the world today; geopolitical tensions, (fear of) trade wars, emerging populism and protectionism, fear of over-regulation and uncertainty about rules and legislation dominate the top ten concerns shared by CEOs. The speed of technological change and the fear of cybercrime also contribute to this uncertainty. In three – last year in fifth place – we see the concern about how they get people with the right knowledge and skills.

It is a clear schedule; on the one hand, we see developments that lead to great insecurity and, as a result, the disruption of the labour markets. Technological developments alone will radically change 90% of current jobs in the short term[2]. Not only will many jobs be lost because they are no longer relevant or are carried out by machines, but many new jobs will also be created. The jobs that remain will change significantly in terms of content.

Regional approach

What does this mean for our own regions? Our companies – like other professional organisations – have the same concerns. They, too, have to deal with an ever-changing labour market that is difficult to predict. And just like the 500 large multinational companies, they have an ongoing challenge to retrain and retrain existing people and attract new talent. It is therefore logical that it is extremely important for schools to serve these employers as well as possible. This means that they need to have a clear picture of what knowledge and skills are needed, both now and in the future.

And this is where the big challenge lies. Because what exactly are the wishes and needs in the field of work? After all, the field of work is generally very fragmented. Just think of SMEs; hundreds if not thousands of companies with different learning needs. It is impossible to deliver all these individual learning needs precisely. And then we leave aside the future learning needs.

Cooperation between all relevant regional stakeholders

The only way in which training can properly reduce the distance between them and the labour market is to join forces. Not only with each other, but with all relevant regional stakeholders. By working together with employers, governments and other stakeholders, it is possible to create a common vision. A vision as a basis for a regional human capital agenda so that a strategic training policy can be built.

1] The Future of Work, World Economic Forum 2019, among others.
2] 22nd Annual Global CEO Survey, PWC 2019