It is inevitable that the traditional business models have to make way for the digital revolution. Workplaces as we know it has transformed into an ever-evolving technology-driven environments and processes. As a corporate and business enterprise owner, I must keep up with the changes.
Global digital movement and trend
Worldwide, higher education systems are going through unparalleled paradigm shift in view of the changing needs of students, expectations of society and the ever-evolving technology.
It is unavoidable that most jobs today would be taken over by digitalisation and virtual mobility. Forward-thinking and smart countries invest in their human capital. Skills and academic education is the key to solving many of our national and global economic and financial problems.
Singapore heavily invested in “Skillsfuture” campaign which is a government led and subsidized initiative which will train 10,000 Singaporeans and will be ramped up over the next three years to benefit 50,000 Singaporeans annually in 2020. Skillsfuture will provide up to 70% course fee subsidy for Singapore Citizens and Singapore Permanent Residents to ensure that the courses in the Skillsfuture Series are affordable.
In the western hemisphere, the U.S. ranks near the top of the global trend, with 66 percent of workers receiving training from employers in the past year, according to the Organization for Economic Cooperation and Development. Near-record-low unemployment is one big reason companies are recommitting to training.
Near-record-low unemployment is one big reason companies are recommitting to training. With a U.S. jobless rate of just 3.7 percent in September and more than 7 million unfilled positions as of August, employers can’t find the people they need in the ranks of the jobless, and luring them away from other employers has gotten prohibitively expensive in some cases.
Skill-proofing for the future
Most of us vastly underestimate the pace of technological change that is sweeping the world of work. Malaysia is now at a critical inflection point, where organisations need to rethink their business models, policy-makers need to think beyond automation, and people need to redefine work.
In Malaysia, employers’ expectations of employees have moved towards technology-savvy communication skills, which, in turn, demand higher learning institutions to provide such skills in graduates.
The Education Blueprint for Higher Education 2015-2025 in relation to the Fourth Industrial Revolution and the Education 4.0 Framework.
In the few years of its implementation, transformation has taken shape and students are becoming accustomed to learning through technology-based systems, such as blended learning, Malaysian Open Online Courses and other online learning systems.
The SEGi edge in future technology and skills
I am pleased to state that SEGi University & Colleges has always been at the forefront the “Future of Work” skills and workplace-ready schemes. In 2016, SEGi has recorded an impressive 93% of its alumni in employment or in graduate school. The alumni have an excellent track record in various employment sectors from business, engineering to the hospitality and tourism, early childhood education, health sciences, and many more.
This figure is higher than the national average of 71% recorded by the Ministry of Higher Education (MOHE) Graduate Tracer Study. The statistics proved that SEGi education works for everyone. It paved the way to successful employment upon graduation. In the end, that is every student’s aspiration and aim in life.