Reskill to Regenerate

Since 2017, EADA has placed sustainability at the centre of its programme portfolio, together with its strategic commitment to focus on the development of a sustainable leadership model (for participants, alumni, client companies and organisations) that encompasses the full spectrum of human sustainability in society, the environment, the economy, ethics and equal opportunities.

Against the current backdrop of the financial crisis, post-pandemic, the technological revolution and its impact, the reality of climate change, global inequality, macroeconomic uncertainty and mass migration, there is a call for business schools to assume the responsibility of not only developing and training future managers but also of mobilising a company’s potential as a force for good. Companies can no longer stand on the side lines; they need to take action when faced with this constantly evolving situation by working together with individual or collective stakeholders to be able to adapt and acquire new skills according to the changing economic tide

The challenges of the 21st century demand that companies rethink the commercial models of high volume - low cost that, despite leading to rapid growth, have also aggravated the multiple crises currently facing global society. Embracing a changing labour market and gaining new competencies are not only important for a person’s employability but are also essential for the rejuvenation of organisations to give them a new life in society and the sector they operate in.

A billion professionals around the world are being called upon to update their skills before 2030 and only 60% of what we know today will still be useful for our jobs in 2027¹.

1 “The Future of the Jobs 2020”, produced by the World Economic Forum.

Technological progress and a low-skilled labour market, especially in technology, will mean that future jobs will depend more on the skills we learn and develop during our professional career rather than the skill set we start out with. The Reskilling Revolution meets the demands of a major labour market transformation and the urgent need to update professional skills to be able to face it. Reskilling or retraining is a professional’s ability to adapt and reposition themselves within the labour market in a different area of expertise from the one they started in.

Professionals need to enter the reskilling process within a period of 3 to 5 years to avoid being left behind the wave of labour market trends. Before initiating a process of professional reskilling, it is important to consider in which direction to refocus your career or job and check it is in demand in the labour market to avoid wasted learning.