Skills Needs

Forecasting for the

Digital Economy
Mr Gary Gan
CEO, JobKred
 The world of work is changing rapidly

10% > 33% > 60%

Annual Skills Obsolescence Employers
Obsolescence Of Jobs report lack of
skills in hires
https://www.weforum.org/agenda/2017/07/skill-reskill-prepare-for-future-of-work/
https://www.manpowergroup.com.sg/wps/wcm/connect/deda2996-1672-4eea-87bc-8d6ada9247c5/MG_Edited_TalentShortage2018_lo.pdf?MOD=AJPERES
http://www.mas.gov.sg/News-and-Publications/Media-Releases/2019/IBF-MAS-study-identifies-skills-for-more-competitive-financial-sector-workforce.aspx
Current Methods of Skills Demand Assessment

Direct Industry Surveys and National Skills

Consultation Focus Groups Frameworks

- Not standardized - Not Skills based - Not Granular

- Slow - Slow - Slow
- Small sample - Expensive - Expensive
- Subjective - Outdated quickly - Outdated quickly
Past – Slow & Unfocused

COMPANIES
SKILLS SUPPLY SKILLS DEMAND

4 years of formal 4 years of data

training collection

SKILLS TRAINING

4 years of curriculum
WORKFORCE development EDUCATION &
TRAINING
New Technologies

Big Data Analytics Intelligent skill- Automatic mapping

to decode gap analysis and of curriculum to
employer demand personalised granular skills and
and predict future digital career modular education
skill requirements guidance for youth and adults
Today – Fast, Agile & Targeted

COMPANIES
SKILLS SUPPLY SKILLS DEMAND
• Skills Profiling • Big Data Collection
• Personalized Re- • Industry
training Transformation
• Job Matching

SKILLS TRAINING

• Skills-based
WORKFORCE EDUCATION &
Education
• Modular courses TRAINING
Workforce Transformation

GLOBAL GOVERNMENT EMPLOYERS UNIVERSITIES

Labour Market Singapore’s Global IT Company Student Career and

Information National Jobs Skills Guidance
Research Portal Developing talent
transformation Scalable personalised
Online labour market Personalised career frameworks & career guidance and
providing personalised
data & skills demand and training skills gap analysis
learning to employees
analysis recommendations
>33,000 Skills
>3,000 Skills
Malawi & >200,000 Reported
Tracked
Myanmar Weekly Users 12,000 Careers
20x Courses Taken
Favourited
Skills Profiling Report Individual (SPRI)

Skills Portfolio Career Portfolio Learning Portfolio

Identify and showcase Gain career recommendations Understand skill gaps and
portfolio of skills obtained from matched to their skills and learn prioritise learning goals to
work experience and more about the details of each work towards aspirations.
education. career pathway.
Skills Profiling
Digital Career Guidance
Data Insights
Sample Analysis
Sample Analysis
New Developments
Lifelong Learning

COURSE ADAPTIVE CURRICULUM

MAPPING &
LIFELONG LEARNING
Course AI Job Function
AI Personal Skills
Data Industry
User Job History
Profiling Industry
AI
Global
Data AI AI AI
Skills
AI
Local
Data Module MOOC Careers & Job
Matching Courses Openings
Mapped
Module
Thank You
Mr Gary Gan
CEO, JobKred
gary@jobkred.com
www.jobkred.com