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Mitigating Pan-Asia Digital Talent Crunch with CLaaS®
Digital revolution is transforming jobs and has resulted in critical skills gaps that businesses are struggling to fill. Korn Ferry’s Global Talent Crunch study estimates that Asia Pacific is set to suffer the most severe skills crunch globally with skilled talent shortage rising to 47 million by 2030, at an annual opportunity cost of $4.2 trillion.
In Asia, despite recent economic growth, income inequality amongst countries in the region has been profound. The salary of a fresh graduate hire for local deployment in Singapore could be 5-10 times higher than the counterpart from its neibouring countries.
The Covid-19 pandemic has shifted our work environment from a physical ‘office’ location to work-from-everywhere with an internet connection. According to a recent study by Cushman & Wakefield, 50% of the workforce will work across a ‘Total Workplace Eco-system’ – balancing working from home, office, and other places. The workplace of the future will be without physical boundary where it is mobile, connected, collaborative, flexible, and distributed.
To overcome the talent crunch, we believe that it would require more than just enhancing learning delivery but embark on a fundamental redefinition of the entire education eco-systems.
Covid-19 outbreak has torn down all the barriers for learning and working online to deliver the inflection point for the emergence of a regional digital learning and talent eco-systems, able to bridge the digital skills gap across Asia.
eduCLaaS has served over 30,000 learners and 2,000 enterprises with its direct presence in Singapore, Malaysia, Myanmar, and India. Our Singapore entity Lithan is a digital skills academy with accreditations from the Ministry of Education of Singapore and Pearson UK.
Our innovation to support the future of learning is CLaaS® - Competency Learning as a Service. It adopts innovative work-based learning pedagogy with advanced educational technology for workplace skills utilization that delivers enhanced career outcomes for individuals and business performance for enterprises.
More than just delivering digitally skilled talent with our innovation CLaaS®, our Pan-Asia CLaaS platform connects higher education students, working adults, industry experts, tech vendors, enterprises, employers, and higher education institutions for delivering total training and talent solutions able to holistically mitigate digital skills gap between emerging and developed economies across Asia - at SCALE.
Since the pandemic outbreak, we have rapidly extended our reach with over 25 regional universities joining our Pan-Asia CLaaS platform to develop future ready talents and enterprises able to deliver growth in the post-Covid digital economy.
CLaaS® solutions deliver FIVE disruptive offerings to support digital career induction for individual, workplace digital upskilling for enterprises, distributed workforce incubation for employers, and education technology implementation for higher education institutions.
For higher education, we deliver affordable work-study degree with guaranteed career induction 3 years before graduation. For working adults, we deliver intensive 3-6 months digital skills acceleration training with expert mentoring for transition into high growth digital jobs. For enterprises, we deliver contextualized workplace learning for workforce upskilling to support digital transformation. For employers, we deliver just-in-time digital talent acquisition, incubation, and offshoring for distributed workforce development. For educational institutions, we deliver modular yet integrated education technology for supporting unified learning journey and experience.