Why the Future of the Job Market Hinges on Good Tech-Focused Vocational Training
4 October, 2023
Reading Time: 5 mins
What is tech-focused vocational training and why is it important to jobs of the future?
The labor market is increasingly gravitating toward the tech sector
For decades, traditional Technical and Vocational Education and Training (TVET) has aided the growth of industries like healthcare, hospitality, construction, and automotive. TVET programs have helped build a pool of talent for these industries by equipping individuals with the practical skills and knowledge they need today.
But for the jobs of 2030, a new consideration emerges. With the rise of AI, technology-related jobs will dominate the work scenario. According to WEF’s The Future of Jobs Report 2023, 43% of work tasks are scheduled to be automated by the year 2027. While this will cause a significant labor market churn, there is estimated to be an overall increase in net job creation. More people will be required to secure systems and train, manage, and maintain these technologies.
Tech-based roles are set to dominate the job scenario in 2030
Big data emerges as the most promising for job generation. A substantial 65% of business leaders anticipate an expansion of employment opportunities within related domains. Roles like data analysts, big data experts, AI and machine learning specialists, and cybersecurity professionals are projected to surge by an average of 30% by 2027.
The digital commerce landscape is poised to be a prime catalyst for job creation. Estimates indicate an addition of approximately 2 million new job roles characterized by digital enablement. These roles encompass positions such as e-commerce specialists, digital transformation experts, and specialists in digital marketing and strategy.
Studies show that investing now in reskilling and upskilling the current global workforce could boost the GDP by $6.5 trillion by 2030.
Tech-focused vocational training to solve future skill shortages
Tech-focused vocational training is a growing field that tailors vocational training specifically for technology-related job roles. It differs from regular vocational training primarily in its areas of specialization and the skills it aims to develop. This includes skills related to AI, programming, cybersecurity, data analysis, and other tech-related fields. Since technology is at the core of this curriculum, learners work extensively with technology tools, software, and hardware throughout their training to gain proficiency in tech-related skills.
Currently, as the tech-skill glut increases, more organizations are called to focus on skills versus pedigree to broaden their talent pool. This gives impetus to tech-focused vocational training programs, making them the more viable option for resolving skill shortages.
Prerequisites to a successful tech-focused vocational training environment
The established systems of job training, primarily community colleges and state universities will remain central to tech-focused vocational training. But integrated edtech will also play a rapidly increasing role in making it more effective, accessible, and responsive to the evolving tech skill demand.
As an enabler, edtech is expected to help tech-focused vocational training in the following ways:
Helping discover untapped potential through any time, anywhere learning across borders
A powerful undercurrent in today’s job market is the movement of talent across regions. Organizations that have recognized this are slowly moving to develop a global resource bank that can help them fill skill gaps. To support this, you need a strong technological learning infrastructure and online programs so that learning can be disseminated across the globe. EdTech’s capacity to dislocate learning from physical locations aligns perfectly with the cross-regional demands of tech-focused vocational training.
Through digital implementation, learning can be blended, asynchronous, and catered to diverse abilities and styles. This kind of accessibility is especially valuable for individuals in remote or underserved areas who may not have easy access to physical training centers.
Compared to traditional in-person training, this type of digital vocational training can be cost-effective. It reduces the need for physical infrastructure, travel expenses, and printed materials, making it an economical option for both learners and training providers.
Substituting in situ learning with immersive technologies
Due to their nature, tech-related job scenarios are almost always replicable in a virtual environment. That is why emerging technologies like AR, VR, and simulations can play a very real role in shortening the on-the-job training runway for tech professionals. This means that learners can simulate real-world technical scenarios, manipulate virtual equipment, and practice skills in a safe and controlled environment.
Tech-focused vocational training sometimes involves complex and abstract concepts. Immersive learning can make these concepts more tangible, leading to greater understanding and retention of information. For example, aspiring IT professionals can troubleshoot network issues in a virtual network setup or practice coding in a VR coding environment. This immersive approach bridges the gap between theory and practice, allowing learners to gain practical skills efficiently.
Integrated systems to support lifelong learning
Digital learning can easily scale to accommodate a large number of learners. A digitally integrated learning infrastructure makes it easy to keep tech-focused vocational training up-to-date with rapidly evolving curricula. Learning platforms can be easily updated with the latest content, ensuring that learners are always exposed to the most current industry practices and tools. This adaptability is essential in tech fields where outdated skills can quickly become irrelevant.
Running these training programs using integrated digital infrastructure also offers flexibility in terms of scheduling. It allows people to learn at their own pace while balancing their training with work or other commitments. This encourages continuous upskilling and sets the stage for lifelong learning.
Analytics and learner progress tracking
Putting lifelong learning into practice means learners will update their skills and knowledge throughout their careers. You need systems in place to track the achievements of learners and prove the relevance of their credentials throughout their careers. Digital learning platforms often include assessment tools and the ability to issue certifications upon completion of courses. These certifications can be valuable credentials for learners completing their vocational training.
Furthermore, many digital learning platforms use algorithms and data analytics to personalize the learning experience. Learners can receive custom recommendations, progress tracking, and feedback, helping them focus on areas where they need improvement.
When driven by digital learning, tech-focused vocational training is more effective. By equipping learners with in-demand and future-demand tech skills, organizations can be better prepared to fill job shortages and adapt to industry changes. Staking the job market’s future on tech training prepares a workforce that is ready for the evolving world of technology.