WEF report shows 68% of Filipino workers need to upskill to meet job demands

A recent World Economic Forum report reveals that 68% of Filipino workers need to upskill to meet changing job demands, surpassing the global average of 59%. This highlights a significant skills gap in the Philippines, which is seen as a major barrier to business transformation. The report indicates that 96% of companies in Southeast Asia are focusing on workforce upskilling. It also predicts a net increase of 78 million jobs globally by 2030, driven by advancements in technology and AI, with significant growth in healthcare and agricultural roles. Despite the need for upskilling, only 38% of Filipino workers have completed their training. The report emphasizes the importance of collaboration between governments, businesses, and educational institutions to address skills gaps and prepare for future job market changes.