March 28, 2019

According to a new study released by the International Labour Organisation (ILO) in collaboration with the International Organisation of Employers (IOE), fast-changing job requirements are leading to a yawning skills gap in many parts of the world, with India being one of the hardest-hit.


  • Report name: Changing Business and Opportunities for Employer and Business Organizations. 

  • Released by: The International Labour Organization’s (ILO) Bureau for Employers’ Activities (ACT/EMP) and the International Organisation of Employers (IOE). 

  • The study is based on a detailed survey of hundreds of corporate executives, extensive research, and consultations with Employer and Business Membership Organizations (EBMOs). 

Survey results:

  • Five trends that are radically altering global business models are: technological innovation followed by global economic integration, climate change and sustainability, demographic and generational shifts, and a global shortage of skilled labour.

  • The skills gap is a major issue, with 78% of corporate executives saying schools are failing to meet future employers’ needs.

  • By 2020 there may be a global shortage of 38-40 million highly skilled workers. 66% of Indian businesses say they are looking for quite different skills in new recruits than they were three years ago. 

  • Another emerging challenge is the rise of automation. Informal jobs, typified by low productivity, face the largest threats due to this trend.

Source : The Hindu