Nikhil Pingle
Nikhil Pingle is Chief of Strategy & Research at the Mumbai-based Magic Bus India Foundation
As technologies evolve and economic landscapes shift, the old paradigm of skills acquired in college and university guaranteeing secure lifetime employment has become outdated
In this era where career paths are redrawn overnight and new skills become prerequisites almost instantly, embracing a culture of lifelong learning is no longer optional; it’s critical for professional survival and long-term success. As technologies evolve and economic landscapes shift, the old paradigm of skills acquired in college and university would secure a lifetime career has become outdated. The reality is that career pathways are no longer predictable. For instance, it was once common for a commerce graduate to join a company as a junior accountant and retire as head of finance. Such linear career trajectories are becoming increasingly rare.
Moreover, the job market is under significant pressure, with an estimated 12 million young people joining the workforce each year while the number of new jobs created is estimated at 4.5 million. This imbalance underscores the necessity of continuous learning and skills acquisition to remain competitive in a rapidly changing job marketplace. These days, career and professional success is not just about keeping up; it requires seizing opportunities in a future dominated by inevitable and constant change.
The industrial revolution of the 18th century until mid-20th century required basic literacy and numeracy as the workforce transitioned from agrarian to the industrial age. As the 20th century progressed, the growth of formal education paralleled expansion of the economy necessitating a shift towards acquisition of technical and managerial skills to navigate the complexities of an industrialised world. The value placed on higher education escalated, reflecting the changing dynamics of work and society.
By the late 20th to early 21st centuries, the rise of ICT (information communication technologies) and globalisation of commerce mandated acquisition of new skill-sets of employability — IT proficiency, soft skills, and understanding of global markets. This era also marked a significant pivot towards skills of adaptability and cross-cultural communication.
Today, we find ourselves in a new landscape of radical disruptions in industry because of the march of technology complicated by climate change damage limitation. Government, historically one of the largest employers of any country, has also experienced dramatic transformations due to technology enablement. These changes have prompted demand for professionals with special skillsets. Application of digital and green skills to a wide range of unprecedented situations demands critical thinking and creative solutions.
For instance, the rise of renewable energy industries requires engineers skilled in green technologies; data analysts need to interpret mountains of information to ideate sustainable practices. Cybersecurity experts must protect vast quantities of digital information and public administrators must leverage technology to improve governance and public services. Adaptability, innovation and continuous education have become essential for professionals to thrive in this rapidly evolving environment.
This necessary transformation from aspiration into action mandates new success habits. Regular reading of industry publications, books, and reputable online resources, setting clear learning goals and taking periodic skill assessment tests to identify areas for improvement and tracking development. The emergence of digital open learning platforms offers access to a wealth of knowledge across disciplines. But having a mentor or membership of a learning community provides guidance, accountability and encouragement.
Developing critical skills. For job seekers entering the workforce, developing 21st-century skills is essential. These include a creative and problem-solving mindset; communication skills for conveying ideas and information effectively; teamwork and collaborative skills.
Identify opportunities and trends. Remaining informed about industry trends and emerging opportunities is critical. It’s important to understand how technology, climate change, and related developments are shaping careers and employment opportunities. Networking, attending industry conferences, and following relevant news sources — will help you remain updated and quickly identify opportunities.
Specialisation focus. Acquisition of special skills will set you apart in a competitive jobs market. Consider opportunities arising from intersectionalities — where different industries converge. For instance, the environment, climate, and sustainability sectors open up opportunities in environmental law and policy. Sustainable finance and environmentally-friendly investment are emerging specialisations. Ditto, managing patents and copyright related to green technologies.
Digital skilling. Acquisition of proficiency in digital tools, data analysis, cybersecurity, and basic programming will boost employability and career prospects.
By adopting a ready learner’s mindset, staying clued up on industry and business trends, and by acquiring digital skills, job seekers can navigate the newly emergent volatile employment market and build successful, fulfilling careers.