The Significance of Skill Development Training Programs in the 21st Century

1. The Significance of Skill Development Training Programs in the 21st Century Skill development is an intrinsic technique of enhancing the potential and competency of a person so that they can get easily employed. They are fundamental in forming the baseline of suitability for a person to get hired in any professional setup. Long gone are the days when formal education was the sole means of obtaining gainful employment. The growing eminence of technology, urbanization, globalization, demographic alterations, and climate change has turned the dynamics of the professional sector topsy-turvy. Skill development training programs inculcate crucial dexterity into the available human resources and make them more capable. As per the World Bank, some of the fundamental work-related skills that we need to nurture for fulfilling employment in the future are – ● Cognitive skills such as grasping complex ideas, adaptability, ability to learn from experience, and sound reasoning are foundational for viable employment. ● Socio-emotional skills that enable a person to navigate interpersonal and social situations are invaluable assets. Leadership capabilities, teamwork, self-control, and perseverance are some of the vital socio-emotional skills. ● Technical skills are necessary to perform any task in a modern, machine-driven economy skillfully. The workforce must be able to maneuver new tools, devices, and technologies swiftly.

2. ● Digital skills such as the ability to access, manage, understand, integrate, communicate, evaluate, and create information securely and appropriately have become fundamental in the labor market of the contemporary internet-driven era. The Unmatched Importance of Skill Development Training Programs in the 21st Century We can gauge the importance of skill development from some facts and figures. The current employability rate of India is just 15 percent due to the massive gap in existing skills and the required skills. A host of intrusive competencies like soft skills, leadership qualities, communication skills, analytical capabilities, etc., are crucial areas that are absent in the job market. ● The world as we know it now is characterized by cut-throat competition. The only tactic of staying a class apart from the rest is by being exceptional and unique. As such, skill development training becomes exceptionally critical in enabling people from all educational backgrounds to attain gainful employment. ● Skill development training allows a person to be flexible, dynamic, and adaptive. We all are aware the work-life can be fleeting and ever-changing. Therefore, having a background that enables you to adapt to novel contexts seamlessly is a boon. ● It is undeniable that schooling and higher education in a country like India is a massive investment. The costs of getting into good-quality universities are excessively high and unreasonable as well. As such, skill development training programs become a viable alternative to getting hired in high-standard jobs. ● Discovering oneself is a challenging feat, and skill development training is an excellent way to embark on that journey. The best thing about developing skills is you are the master of your destiny. An external entity cannot hand over your employability skills, and you have to find them yourself. ● Having a degree is not enough in the 21st Century. It is, in fact, the bare minimum that employers expect you to possess. The time is such that educational qualifications have to be backed by a diverse range of aptitudes that imply that you are holistic and well-rounded. From communication competencies to managerial skills, everything plays a crucial role in the job mark of current times. Thus, the significance of skill development is at an all-time high. Investment in the workforce via skill development programs is a virtuous cycle. Quality skills and capabilities galvanize productivity, growth, and FDI, resulting in more job creation and more well-paid jobs for the current workforce, and more public and private investment in the education and training system. The culmination is an overall increase in the employability and productivity of both the current and future workforce. The Tech Mahindra Foundation, the CRS branch of Tech Mahindra, aims to disseminate skills through their skill development training center - Skills-for-Market or SMART program. They aim to extend gainful employment opportunities to the youth and involve them as the change-makers of the country.

3. Source: http://www.articles.studio9xb.com/Articles-of-2020/significance-skill-development-training-pro grams-21st-century