The Global Skills Report (GSR) is a yearly global skills index published by Coursera to take a an in-depth look at the state of skills around the globe, by tapping into their platform ecosystem of more than 77 million learners, 4,000 campuses, 2,000 businesses and 100+ governments. The goal is to pool bid data to reveal entry-level career paths to opportunity for displaced workers, recent graduates, and anyone who hopes to advance their career.
The insights in this year’s report are based on Coursera platform data and research from Q1 2020 to Q1 2021. The findings are meant to help government, workforce, and
industry leaders better understand the latest skill trends and their relationship to economic resiliency and growth.
The first part of the report shows the ranking of different countries.
The Philippines ranked 69 of 103 countries in the 2021 Global Skills Report based on three major skills – Business (competitive, Technology (Emerging) and Data Science (Emerging). Ranking is based on four levels – Cutting-Edge, Competitive, Emerging, Lagging.
We are rank 48 in Business (Competitive) based on the following skills: Accounting (Competitive) Communications (Cutting Edge), Entrepreneurship (Competitive), Finance (Emerging), Human Resources (Emerging), Leadership and Management (Competitive), Marketing (Emerging), Sales (Emerging) and Strategy and Operations (Cutting -Edge)
We are rank Technology 77 in Technology (Emerging) under the following skills: Cloud Computing (Cutting -Edge), Computer Networking (Competitive), Computer Programming (Lagging), Databases (Lagging), Mobile Development (Lagging), Operating Systems (Emerging), Security Engineering (Emerging), Software Engineering (Emerging), Theoretical Computer Science (Lagging), Web Development (Lagging)
We are rank 60 for Data Science (Emerging) with the following skills: Data Analysis (Lagging), Data Management (Lagging), Data Visualization (Lagging). Machine Learning (Emerging), Mathematics (Cutting Edge), Probability and Statistics (Cutting Edge) and Statistical Programming (Competitive).
Here are some key insights for the Report’s Executive Summary:
- The pandemic economy has created a complex landscape that threatens to leave millions of workers ill-prepared for the digital future. In 2020, the pandemic triggered losses equivalent to 255 million full-time jobs and $3.7 trillion of income, making it the most severe recession since the Great Depression of the 1930s. The work losses in 2020 were approximately four times greater than during the global financial crisis in 2009. Many of these jobs will not come back. We believe that the scale of this challenge means that now, perhaps more than ever, policymakers need an intimate understanding of the skills that drive sustained employment and economic growth
- During the pandemic, the world saw a stark contrast between the massive job losses in hard-hit sectors—such as tourism, retail, and construction—and the positive job growth in industries like technology and finance.
- A recent study of eight major economies showed that over 100 million workers—about one in 16 workers—will need to find a different occupation by 2030 post-COVID. This is 12% more than was estimated before the pandemic, and up to 25% more than was estimated before the pandemic for advanced economies. (The Future of Work After COVID-19 by McKinsey Global Institute. February 2021)
- This double disruption of the pandemic and automation has disproportionately impacted women. Women are more affected by job losses than men. Globally, the total employment loss for women stands at 5% in 2020, versus 3.9% for men. If no action is taken to address this gender gap, global GDP growth could be $1 trillion lower in 2030 than it would be if women’s unemployment simply tracked that of men.
- Unequal access to the internet has turned into unequal access to school and learning—and skill development—at a time when new knowledge and skills are most needed. Due to learning losses and increases in dropout rates, this generation of students stand to lose an estimated $10 trillion in earnings, or almost 10% of global GDP. At the height of the COVID-19 lockdown, more than 160 countries mandated some form of school closures for at least 1.5 billion students.
Coursera highlights 20 major economies and their unique skill trends. Together, these markets account for 57% of the world’s population and 63% of global GDP. One of these 20 economies is fortunately the Philippines with 1.1M learners.
In the next article, we will discuss more insights for the report. For now, it is highly recommended for the Philippines to study the ranking and see the correlation of skills in each category and develop strategies for the country can improve in the areas where we are lagging and leverage on the areas where we are classified to be cutting-edge.