Skills in a global economy

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Skills in a global economy

• Leonardo da Vinci Valorisation Project
• Warsaw 23 May 2006
• Mike Dawe, eStrategy and Learning, City Guilds

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Competitiveness

• A competitive society is one which achieves a
  dynamic equilibrium between wealth creation and
  social cohesion
• Prof. Stephane Garelli, Editor, World
  Competitiveness Handbook, 1995

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Skills matter to productivity
Source Barnes and Haskel, 2000, in Developing
Workforce Skills, HM Treasury, 2002
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and to corporate shareholders!
US firms that made the largest investments in
employee skills made the largest return (16.3
pa) compared to the average return (10.7) for
the Standard Poor 500 index.
Source Bassi and McMurrer. Are Skills Costs or
Assets? Milken Institute Review, Q3, 2004
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Engaging adults in learning
Source Education and Skills The Economic
Benefits, UK DfES, 2003, p17
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Industry change

• Technological change
• Political change
• Generational change
• Business change
• Older workers
• Life expectancy
• On-line education

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Global changes in occupations

• Increasing Skills Levels
• Team working
• Multy-skilling and cross-skilling
• More staff customer facing with authority to act
• Flexible working practices
• Leadership and management

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Demographic shift

• Fewer young recruits
• Deficit in skills projected

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Implications for the labour force

• Requirement for more skilled adult workers,
  working longer
• Key/generic/employability skills an increasing
  issue
• Demand to be informed by future employment
  opportunity
• Need to up-skills or re-skills 5-10 times in a
  working life
• Inclusion

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Implications for employers

• Pace of technology and business change increasing
• Firms raise their game in value added and
  productivity
• Skills levels rising across most job roles
• Need to attract older recruits alongside young
• Need to support new patters/flexibility of work
• Need to regularly invest in upskilling an ageing
  workforce
• Learn how to manage an inverted workforce

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Demands on VET delivery

• Highly flexible by time, pace, place and mode of
  learning
• Designed to serve all
• Personalised
• Learning and achievement of individuals planned
  and tracked lifelong

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Leonardo da Vinci

• Study results in your packs
• What next?

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Investing in the skills of the future with
Leonard Da Vinci
Thank-you