Pillar 4 - Foster Employability and Human Capital Development

Employability is the ability to secure and maintain employment based on a combination of skills, knowledge and attitudes. Cultivating a learning culture involves nurturing a growth mindset among workers, fostering an environment where people are encouraged to learn, reskill and upskill to bolster their employability. Companies adopting skills-first approaches effectively incentivize and reward employability and continuous learning.

Aspired Milestone

Sustainable employment and smooth job transition

262 million

jobs expected to be displaced/created by 2030

39%

of workers' core skills, across the globe, will change by 2030

63%

 of executives rate skills gaps as transformation main barrier

1.7x

higher cost for external hire compared to internal hire


Enablers & Trackers

Primary areas of focus and action, with measurements for assessment and progress tracking

Enabler 1: Agility

Trackers: 

- Percentage of jobs/career that are future-fit (jobs redesigned)

- Effectiveness of internal rehiring process (e.g. average time)

Enabler 2: Job Matching

Trackers: 

- Mapping skills to roles and employees

- Percentage of employees assigned career path(s) with development milestones

Enabler 3: Strategic Learning

Trackers: 

- Percentage of Upskilled/reskilled workers (e.g. on digital literacy...etc)

- Percentage of workers covered with strategic learning (inclusive learning)

Aramco: Building on Expertise and Partnerships to Drive Workforce Training

Siemens: Navigating the People Implications of Digital Transformation

"The size and scope of Aramco’s business enable many opportunities for youth to take part in high profile projects. The experiences they go through while working on these projects are essential for their growth, as they see their impact contributing to the success of the company. Our young talent realize the purpose of their job and the influence they bring to the workplace, which make them engaged in everyday work".


Faisal Al-Hajji

Aramco: Senior Vice President of Human Resources

"At Siemens, continuous learning has always been one of the keys to securing our future. The more highly qualified our employees are, the greater our innovative and competitive strength is as a company — meaning we can create an even greater impact and added value for our customers and society. Our ability and willingness to learn for life will be a decisive factor in determining whether we remain relevant and sustainably employable for the future in the face of constant change."


Judith Wiese

Siemens: Chief People Officer, Chief Sustainability Officer and Member of the Managing Board of Siemens AG