Skills challenge Skills challenge
As megatrends affect the world of work, reshaping skills of workers will help to address mismatches and promote resilience.
published : 5 Jul 2021 at 04:30
Human capital development has played a vital role in the success of thriving economies. However, when the skills of workers fail to align with the needs of industry, the mismatches and imbalances in the labour market can keep an economy from reaching its potential.
Findings from the latest World Bank Enterprise Surveys indicated that between 10% and 15% of employers in the Philippines, Indonesia, Laos and Malaysia, and 18% in Cambodia report having difficulties finding workers with the right skills for their operations. Less than 5% of companies in Thailand say they experience this drawback.