A year of education is estimated to raise future earnings by 10%. That is a large and significant return, along with the other benefits of more education. And that’s only what the person pursuing the education can expect to receive. One’s family, community, and country also benefit. That is to say, education has both private and social returns. One way that countries … [Read more...] about It Is Time to Put Education and Skills First
Obtaining new credentials is a common strategy for workers looking to reskill in advance of a career change or re-employment following a layoff. Increasingly, individuals are seeking credentials, such as certificates, certifications, and badges, in order to maximize their marketability to employers or advance within their current position. While individuals with … [Read more...] about Four Advantages of Certifications as Alternative Credentials
Traditional degrees take years and often thousands of dollars to acquire—and they sometimes fail to prepare students for the workplace. They are costly for individuals, their families, companies, and society, in terms of both direct outlays and opportunity costs. Recognizing the high cost of a post-secondary degree, both students and employers are looking for more pertinent, … [Read more...] about How Can Alternative Credentials Help Close the Skills Gap?
The COVID-19 pandemic widened pre-existing opportunity, skills, and achievement gaps, with devastating impacts on our future generations. It has been more than two years and a half since the pandemic has changed the lives of 165 million students in Latin America and the Caribbean (LAC), who, on average, lost 237 days of school and faced tremendous learning losses. … [Read more...] about Youth Skills Development: Preparing Young People for the Future
Over the past year, the labor markets in Latin America and the Caribbean have regressed at least 10 years-with 23 million people temporarily removed from the workforce losing their jobs and their income, according to the International Labor Organization. But the unemployment rate tells only part of the story in this region of the world. According to the ILO, there was an … [Read more...] about The Pandemic Caused Job Disruptions. Digital Careers Offer New Opportunities