The World Economic Forum has launched a new initiative, the Reskilling Revolution, a coordinated multi-stakeholder effort to provide the training and development to reskill 1 billion people by 2030.

Saadia Zahidi, Managing Director of the World Economic Forum, said that the initiative will build social cohesion, and ensure people have pathways to social mobility.

More than 1 billion jobs, a third of all global jobs, will be transformed by technology over the next 10 years, according to the OECD. This will require 1 billion people to retrain and reskill by 2030.

G20 countries could be putting $11.5 trillion of potential GDP growth at risk over the next decade if the skills demand is not met, according to Accenture.

The United States, France, the Russian Federation, India, United Arab Emirates, Pakistan, and Brazil are among the first countries to join the World Economic Forum initiative.

At the press conference following the launch of the Reskilling Revolution initiative, Ivanka Trump confirmed that the US government is dedicated to ensuring that the American workers have the right skills for the jobs of today and tomorrow. More than 400 companies have already pledged to reskill as many as 15 million American students and workers. She underlined that the synergies and cooperation between the private and private sectors are crucial.

On Monday, the Adecco Group announced its new global commitment to upskill and reskill five million people around the world by 2030. The initiative will help individuals, regardless of their profile, to adapt and take ownership of new technologies via training in code, data science or machine learning.

More on reskilling

Bob Moritz, Global Chairman of PwC: How do we upskill a billion people by 2030? Leadership and collaboration will be key.

Saadia Zahidi, Managing Director of the World Economic Forum: Read why we need a reskilling revolution.

GTCI 2020: New Study On How To Develop Talent In The Age Of AI. Read more here.

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