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Reskilling Revolution: Better Skills for a Billion People by 2030 | Davos 2020

Ivanka Trump
Adviser to the President at White House
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World Economic Forum 2020
January 22, 2020, Davos, Switzerland
World Economic Forum 2020
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Reskilling Revolution: Better Skills for a Billion People by 2030 | Davos 2020
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About speakers

Ivanka Trump
Adviser to the President at White House
Marc Benioff
Chairman and C.E.O. at Salesforce
Adrian Monck
Managing Director at World Economic Forum
Peter Hummelgaard
Minister for Employment at Ministry of Employment of Denmark
Ahmad Belhoul
Minister of State for Higher Education and Advanced Skills at Ministry of Higher Education and Advanced Skills of the United Arab Emirates
Saadia Zahidi
Managing Director at World Economic Forum

Adviser to the President, focussing on the education and economic empowerment of women and their families as well as job creation and economic growth through workforce development, skills training and entrepreneurship. Formerly, oversaw development and acquisitions at the Trump Organization; led some of the company’s largest and most complex transactions. Entrepreneur; founded an eponymous lifestyle brand. 2004, graduate, Wharton School of Business, University of Pennsylvania. Author of two books. Has been included in Fortune magazine’s “40 Under 40” list (2014). Young Global Leader, World Economic Forum (2015). Featured in Time’s 100 Most Influential list (2017) and the Forbes “World’s 100 Most Powerful Women” (2017).

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2012, LLM, Copenhagen University. Took office as the Minister for Employment on 27 June 2019. Previously served as Political Spokesperson on European Union Affairs for the Social Democratic Party. From 2008 to 2014, served as National Chairman of the Social Democratic Youth of Denmark (DSU).

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Appointed Minister of State for Higher Education in February 2016, to supervise the development of higher education and scientific research in the United Arab Emirates (UAE). October 2017, portfolio was expanded to include Advanced Skills to equip UAE youth with the necessary skills for the future. Currently, Chairman of the Federal Authority for Human Resources; Chairman, UAE Space Agency since June 2017. Represents the space sector in the National Science, Technology and Innovation Committee. Formerly held the position of Chief Executive Officer at Masdar, Executive Director of Strategy and Tourism Sector Development at Dubai’s Department of Tourism and Commerce Marketing, and Vice-President of Industry Unit of Mubadala Development Company. Also worked with management consulting firm McKinsey & Company. PhD from Monash University; Master’s from the University of Melbourne, Australia; Bachelor’s in Telecommunications Engineering from Khalifa University, UAE.

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BA in Economics, Smith College; MPhil in International Economics, Graduate Institute Geneva; MPA, Harvard University. With the World Economic Forum: Economist (2003-2005); Head of Gender Parity Programme (2005-2011); Head of Civil Society (2008-2011); Head of Employment and Gender Initiatives (2013-2016); Head of Education, Gender and Work (2016-2018); currently Head of Centre for the New Economy and Society and Member of the Managing Board. Co-Author of Forum reports on Human Capital, Gender Gaps and Future of Jobs. Author, Fifty Million Rising (2018). Recipient of honours and awards, including: BBC 100 Women (2013 and 2014); Financial Times/McKinsey inaugural Bracken Bower Prize (2014); longlisted for FT/Mckinsey Business Book of the Year (2018). Interests: future of work, impact of technology on employment, education and skills, income inequality and using big data for public good.

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About the talk

Almost twice as many jobs can be created than lost by the Fourth Industrial Revolution – if people have the skills to take advantages of the opportunity. In order to meet this new demand, the World Economic Forum today launches Reskilling Revolution, a multi-stakeholder effort to provide enhanced education, skills and better jobs to one billion people by 2025. Find out how we will do it here.

Speakers: Ivanka Trump, Marc Benioff, Adrian Monck, Peter Hummelgaard, Ahmad Belhoul, Saadia Zahidi

The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

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Ladies and gentlemen, my name is Adrian Monk from the water can be formed. Welcome to this press conference on the re-skilling revolution better skills for billion people by 2030. So it's twice as many jokes can be created the lost for the fourth Industrial Revolution you have heard and the press conference just preceded us about the climate change challenge. We Face here. We also face a judge challenge if we can meet the other part of the theme of this annual meeting, which is about cohesion social cohesion giving people opportunities. So this press conference is going to explore

that and really lay out some quite exciting ways in which we can tackle that issue. I'm delighted to be joined by Saadia zahidi who leads the forums work on this panel by Ivanka Trump who's here is co-chair of the American policy advisory Workforce Advisory board by Marc benioff the chairman and co-chief executive Salesforce by Peter Hollens the ministry employment from Denmark and by who Dr. Hamid Bell who minister of education for United Arab Emirates be hearing from each of our panelists. So I'm hoping that we get through on Swiss time to get some questions in

at the end. I'm going to stop by asking Sadia to just lay out for us this re-skilling revolution what she's hoping this project can achieve Skilling up a billion people by 2030 Sadia as you just mentioned one of the major aspects of work that we're looking at at this meeting is how do we build more social cohesion this week? How do we build more social cohesion? How do we ensure that people have Pathways to social Mobility one of the most important ways to do that is to ensure that people have the right education the right skills

and the right jobs and that is what this initiative is all about over the last years. We've been doing quite a bit of research on the fourth Industrial Revolution on the future of jobs, and it's become very clear that were not necessary. You looking at a negative future in terms of jobs, but we are looking at is a major shift in terms of the set of skills with a neat job and the types of jobs that will exist in the teacher weather that is in the care economy or the education sector or the it sector. There are a number of growing roles. And in fact, please do take a look at the jobs

of tomorrow, which also comes out today. However, what we need is a re-skilling revolution if we want to help people get there and this initiative the re-skilling revolution will be aimed towards getting 1 billion people better education better skills and better jobs the reason for creating a platform and the reason for doing this at the world economic forum is to provide better metrics better coordination between various policy experiment better coordination between various business initiatives and ensuring that there are new accelerated delivery mechanisms that I hope will get us there

far before 2030 in order to do that. We've been working with a number of different countries over the last year in particular on the closing the skills Gap accelerators, and I'm excited that she here at this meeting. We will be making more announcements of countries that will be adopting this approach India Oman the Russian Federation Pakistan in the United Arab Emirates rain and Brazil are all joining and in the case of the United Arab Emirates were very pleased that they're supporting the entire recycling Revolution initiative. In addition to that a number of countries that have

been running some of the most Innovative experiments will be joining this set of work. So Frances mobile phones for my skin will be a part of this initiative as well. As of course the work that is happening in the United States, which will hear more about it later. We both industry accelerators the Aerospace industry Advanced manufacturing Aviation travel and tourism Consumer Financial Services media entertainment and information and metals and Mining will all be part of this and finally there are a number of businesses that have made a very large set of pledges. What I'm pleased to

report is this is not just the starting point. We already have commitments that will reach a quarter billion of the billions up for trying to reach overall. So I hope this is the beginning of a movement and we will be able to get to surpass even the Target that we set. Thank you Adrian on the future of work and how this project really Bridges the gap between public and private sectors and to reaffirm the United States commitment to to this joint effort the re-skilling Revolution and something that we have been deeply focused on and in the United States making sure that are booming economy

works for all Americans and and that nobody is is Left Behind or or forgot it. So we are believers and you heard the president's speech yesterday. It was highly optimistic about what is in store in the Which we believe in Innovation. We don't want to Bridle or harness that but with Innovation comes opportunity new industries that are being created that never existed before look at the growth in cloud computing Mark knows this as well as anyone he was an original signer of of our pledge committing to tourists killing a million people over the next five years. We thank you for

that Mark but their Industries Dark Being created that that require new skills and there are industries that are being disrupted and then their industries that are continuing but the people working in those jobs today are going to require new skills to do the same job tomorrow. So we are taking a holistic approach to this at the United States government and look forward to this convening and an opportunity to to learn from each other. We we certainly learned on on the apprenticeship front. There are great examples here in Switzerland and Germany one of my firstborn trips

was to Berlin where I towards Seamans The the world class examples of on-the-job training and apprenticeship. So there's much we can learn from each other America is trying to harness the interest of a business in in the shared goal of ensuring that the next generation of American student and the current generation of worker has the skills. They need to succeed and in the drops of today and tomorrow, that's why we created our pledge to America's workers, which is become at this point really a full-blown movement with over 400 companies signing the pledge

to rescale close to 15 million American students and workers and that's 15 million lives impacted 15 million families impacted and and opportunities created and and it really is An incredible experience. I've I've toured much of the country visited close to every state looking at these type of programs. And and the question was about the synergies between the private sector in the public sector and it's critical industry knows what jobs they are going to be creating and what jobs they are going to be displacing. They know so far

ahead of the government which Investments they're making and productivity which will cause a ripple effect within their Workforce at the same time corporations more than ever feel a sense of Civic Civic obligation and what better place to start than within your own family within your own company, and and we think that that is very important. So we're catalyzing a lot of action. We are also working as a government to create a national Workforce strategy for the first time ever combining. 14 federal agencies to come up with a blueprint not just for rethinking education K through

12. But how do we prioritize 025 which is been under investigation and then also post 22, which is very little federal and state funding goes towards except if it's you don't really Advanced degrees. So how do we start to think about education and learning as a lifelong Pursuit not compartmentalize to a very short. Of time and in the Arc of one's life, so the national Workforce strategy aims to to answer some of those questions separately. We've put together a council on advisory Council that has helped informed are working and we have representatives from state and

local governments represented. We have Academia represented. We have some of the the great entrepreneurs and innovators and and largest employers in America all lending their expertise and and we sign them with a A very specific and tactical Mission which was not to come to us with a report or ideas that were redundant of that which we were already doing. But of Define set of deliverables said they were in a unique position to execute on the first thing we asked this advisory Council to do was develop a national ad campaign in partnership with us in the Ad Council that is private sector

funded private-sector driven to dis Punk to really debunk myths around certain types of Industries. You look at Manufacturing in America. There's five hundred thousand bacon manufacturing jobs and yet there's really no robust pipeline a feeder into it. So people need to know about the jobs that exist today and be informed of the pathways that existed buildup in the it space mark noses weldy. The number of job vacancies is half as many of them don't require a four-year college degree to creating this National brand Campaign, which was unveiled by By Jenni

Rivera and Tim Cook. We're on our Council today is very important for the next 3 connecting workers with job vacancies and People based on the skills. They have rather than the degrees they hold with on the jobs that are available modernizing Recruitment and hiring practices Mark and I have spoken extensively about this. How are traditional forms that require you to list your credentials and preclude many people who have the skills, but maybe they were formerly incarcerated or maybe they have the skills, but don't have the the

credential so not eliminating people from from that pool. And then lastly just getting the private sector to increase their investment in this training other Workforce and think about it and in a rigorous discipline way. Some people 50000 now it sounds. And that's great. You put an extra $15,000 on my check to my neck my fingers. Can you tell us one step ahead of the new can you tell us to help business can get behind this and I'm really make a difference between the last press conference. If we were just

at talking about 1 trillion trees and this press conference in the other events that I have been to now I hear the last couple days. I'll just tell you that capitalism as we know it is dead. This Obsession that we have had with maximizing profits for shareholders alone has led to incredible in a quality in a planetary emergency and we all owe me a debt of gratitude to Klaus Schwab and his team for showing us this incredible wave Ford and Klaus Schwab is right now for 50 years. He's been calling for a new capitalism a stakeholder capitalism a more

fair equals to stay. A way of doing business the values all stakeholders as well as shareholders and I know Klaus is right because Salesforce is living proof that stakeholder capitalism worth. We've had a phenomenal shareholder return 4000% since we went public but we had a phenomenal stakeholder return as well by delivering hundreds of millions of dollars of Grants by providing training to key parts of the workforce by running 40,000 nonprofits for free on our service including the world economic forum. And it's why I still strongly believe that when all

stakeholders are included that this becomes this great platform for Change and let me say because we're here at this panel that one of these key stakeholders is the global Workforce to make Sure that the fourth Industrial Revolution is bringing along everyone. We need the education and skills to succeed and that's why I'm so excited about this re-skilling revolution to bring the jobs and skills to 1 billion people. No one government or sector can solve a challenge as big as this we need a true multi-stakeholder approach.

I think very well represented by this panel and I want to thank you Ivanka, especially you for your leadership on the White House pledge to America's workers and the passion that you have brought to it to reignite the American Workforce. Thank you for doing that for all of us and Salesforce sign this pledge and will give more than a million Americans the skills. They need to earn Salesforce credentials and top jobs in our ecosystem of the next five years, but I also want to thank you saw you and I'm sorry for your work and your research at the world economic forum for so many years now in

Geneva showing that if we don't move faster it I'll take a hundred years before men and women are paid equally for equal work. You are a quality report has been transformational for me and in our ecosystem what you have shown is that what is happening with equal pay is unacceptable and that's why Salesforce is now spent more than 10 million dollars to ensure equal pay and we conduct annual audits now to make sure that men and women are paid equally for equal work. Now, we need to make sure that everyone has a path to the Future. That's why what we are doing a salesperson's are found in 21

years ago. Are we giving more than a hundred million dollars in Grants to education and Workforce Development organizations as well as our local public schools, you know, every company can adopt their local public school. It's one of the reasons, why here in Davos now for so many years we have doubles codes. We're at in our sales force facilities here. We're training local children on the key skills. They need to enter the workforce. It's so important to us. It's also why I'm so excited about Trailhead or online learning and rescheduling platform, which is helping nearly 2 million

Learners game resume where these skills and it's open to everyone in the next 5 Years and we're looking to get 10 million Learners on that platform and these people are incredible Trail Blazers that are so inspiring. Well, I just want to find Leroy challenge all of my Business Leaders because as we all know cuz we've done so many pianos happier a dream with the fourth Industrial Revolution. Now over so many years. We need to rise to this moment of urgency. We need to act now. If you are attending this conference, you need to commit to job training.

If you're attending this conference, you need to commit to reach going. If you're attending this conference. You also need to commit to our 1 trillion tree initiative like Ivanka has done in the US government. So thank you again about the for that and that is what we mean by stakeholder capitalism serving all stakeholders, including the workforce and that's how business can be the greatest by Puma change. Thank you Adrian. Thank you Mom and pay. As employment minister in Denmark. Obviously jobs must be running the top of your agenda. What is the role of government here in this initiative?

Taking a share in the making this pledge. I think that Marc benioff is completely correct when he says that the capsule is a mess. We know it is dead or at least it has to be in the sense that more more people thankfully are recognizing that the threats from growing inequality from a weakened social contract is actually also threatening not only are democracies, but also the very Foundation of our market economy. So I think this pledge is the right way to go on that approach it because we need to make sure that people in this world

has jobs and not only has jobs also has jobs that are well-paid we're working conditions is good, and that's why we need to invest more in rescheduling and just to give you a couple of samples from from Denmark. One example is that most of you I think would would know is Lego the company Lego who produces the Lego brick most of our kids play with Lego bricks all around the world. It's a little plastic brick. It can basically be produced all over the world. Nevertheless much of it is still produced in Denmark. Although it cheaper could be produced in other parts of the world.

That's because the Lego is investing in the workforce to the workforce continuously provides in bettering the the production in making sure that it that the Lego break end and what can be billed from it is more perfected it more Innovative and so forth and if we need to make sure that we have jobs for people in the future me to make sure that we have bought it at a society, but it's based on a strong social contract strong social question. Then we also need to invest in the in a Workforce in upskilling and re-skilling and in the general. Education, that's

why we support this pledge need to thank you from your perspective, you know just Minister for Education. You wouldn't have advanced skills in your ministerial profile yet. How do you see this re-skilling revolution playing at in the policy sphere and how will fuel country get behind it for stepping up at least getting make an embroidered. So now we have a revolution risk getting which includes education. So he's getting is important for adjusting Workforce. It's better for somebody to become unemployed. But an employee jury duty,

conditions can be resolved and waxing parties like in the US now at the lowest unemployment rate so we can go back into employment. However, when unemployed because of the skin mismatch, that's a whole different game soon to undermine. The episode is killing, but I think we'll also want to be conscious of not producing students today. That'll be unfrozen. The future of so I commend you again to include education as part of it is getting fat phone and you might ask what should we do? When you're a jet out of Emirates. We're still tackling education basic education. It's no secret you got

sours code of where the lowest globody African the Middle East score lower than Simpson Pizza you always improving with 35 and 10th and 48th and pizza, but I'm here because we want to make sure he's killing inclusive Greece killing somebody as soon as she has a high academic attainment easier than somebody in Africa or the Middle East who has who comes with a know what foundation on face so I will pledge hear the pledge pledge butts. What is more inclusive. And also include other countries in the region? Thank you. Thank you. Thank you to all our panelists. We have a little window

for questions if I could just get a sense of the room for who had the question. And if you could give us your name and your organization, we can just take the two hands of the front, please and if it's a question that we can address to pool our panelists on this. Is it from Phoenix TV Hong Kong? Can I ask question to Atlanta actually thought reading scheme sounds very exciting. I want to know so we all of the many the run is over students have the equal opportunity to apply in this kind of training when they created from the u.s. University and a College Basic qualifications to take anything in

the future. I have a question for a blister on thumb Opera learning record doesn't work. So I've been done on that and how it Compares with President Obama's electronic health records. And then to mr. Benny off at the state of the capitalism is dead is pretty controversial statements Specialists of protesters outside holding sign saying Eat the Rich, what would you say to the man dressed up as Ronald McDonald to instead of wanting to reschedule once to maybe violently cause of wealth redistribution, so just taking those

question first. I want to bring up and listen to give it with the motion to come in a pool table that question related to Chinese students to help multiple of these skills going to be for people when they are Reese killed all they going to have the opportunity to work in countries around the world or are these going to skills stay in country? Maybe start at the end? Peta what's your what's your vision on that? Do you think we're going to be rescheduling people to stay in domestic economies or all these skills could be things that eventually in the years to come we can take with us and

move around with I think the in Denmark, for example, we already are rescheduling and UPS building our Workforce so that they can take those goes with them to to any economy around the world. And and thankfully also there's a big demand for especially not only Danish industry technicians but engineers and so forth. We also have a high demand for foreign engineers in Denmark, but I think we we have to to skill and reschedule our Workforce is so that they can take any jobs around the world. However, one of the main challenges we have in Denmark, is that

the we still don't we invest a lot in rescheduling it up killing. We still have a lot of challenges to making sure that many of our workers in the workforce who don't have any skills. You have ended their basic school around 7th grade or no? Greater something like that the day actually in their current job see that in order to maintain that jobs at the vet the current positions they need to to reschedule. So we we need to find a way to the crack the code on how the remotes evades work is already in the world Falls to actually get up guild. I agree with that completely. I think

fundamentally whether it's domestically or internationally we have to think about skills-based learning as opposed to Shirley credentials in the United States in this ties into the question about the interoperable learning records. There are over 700,000 different forms of credentials and badges and of course degrees traditional and and and otherwise so how do we PCS together and say well this is the credential but these are the underlying skills employers care about the skills. So now we are in a much more Nimble time where we can leverage technology we can harness big

data to better match the employer and did they can shop with the qualified applicant who otherwise been overlooked. So I think there's enormous potential you mentioned in our offer Bowl learning records and and Space Administration has continued some really great work on that front. They're really open up the data and allow the private sector to come in and innovate on top of that. We've seen this and I see Monica from treasury at at the treasury Department opening up IRS data in a safe secure way allowed for the creation of TurboTax

know about you and m-commerce. You see all of our weather apps do we think we can do the same with student data and work her data and we are having a really robust working grooving and Mark's par. It's a subsection of our Advisory Board. We have two of the post on on The Advisory board for leaving the section and then we brought him companies like it's Salesforce and like workday credentialing engines to help us think about this in a more holistic way so we can take all of these different pieces and Patch it together because that's the

future if I have a skill and I'm going to community. Why aren't even if I have a job. Why aren't I being pushed information about Job vacancies that match the skill sets that I have and that's not happening for blue collar workers in in a robust way. And in a way that lives up to the potential of what technology today cancel at 8 so we've got multiple Pilots that we're about to launch and and the private sector is really helping us build this because building things in the MLB do but we at the federal government, but we can convene and one person. I just want to acknowledge Gianni Infantino

join us. Nothing about Reese killing in football, right? It's The skills are just as it's so high but we we appreciate your commitment to to this issue and and appreciate your being here. You've been a great friend. So thank you Johnny. How you UAE is a kind of global have the talent. How important is it that with the re-skilling that takes place. We also ensure that people can move around and take their skills with them. So their ability where can I improve your social status? But also Geographic Mobility they have always been at this

question is the net importer tablet. So we have foreign workers constituting about 85% of our population of a simple question is why bother accompanied end of the day could important 2:30 today? So we did our research and we found that even from a few of pure Financial sense. It's actually cheaper the more efficient for companies to retrain their existing employees and let it on the financial incentives maintaining that culture of that company is vitally important. So I think I'm 100 Important but we want to reschedule that Talent, please getting includes things like social and

cultural awareness. I think through things like take literacy, but even with that I think globally what can I take connected to a community somebody would arise technical skills could work remotely that opens up another way of Mobility not physical Mobility but job mobility in digital space and mock of UD is Yule decorations out of outflanking people who say that capitalism is is outdated cuz you at the clarinet dead. Well, I've been coming to the world economic forum for 18 years and I'll tell you why I love it. It's because business has the greatest platform for

change, but we can only do it through multi-stakeholder that look you have to include everyone even at our recent dreamforce conference will have protesters to speak at our main Keno for 30 seconds. Everybody's voice has to be included. This is one planet one Humanity certainly want to look at me like the one trillion tree initiative. We can only do that. If we bring everybody in activist have to be included spiritual leaders have to be included government leaders have to be included Business Leaders have to be included native people eaters have to be included and if we try to

divide our self then we will never achieve our goals. We can only achieve our goals when we unite or so someone we come together as one because that is what we truly are a broken the switch through the timing but I do want to give one final word to Saudi zahedi who's help bring this initiative together from the four. Start Sadia currency of the labor market and I think you've just heard from every single panelist that we need to make that labor market and the education system work Better Together by focusing on skills. That's how we going to get there

and we have to ensure that not only is there a broader base of skills, but that were able to specialize create agility in that system and that's what this initiative will really try to do all of the experiments that are happening in different countries. We need to learn from that much much faster. And that's what they re skilling's Revolution platform is dedicated to thank you Susan Tillman just a very quick. With NuvaRing when it's coming and I do think when you when you look at the freedom agenda that's been put

in place in the United States pro-growth policies that are unleashing the potential and The Innovation within within our business community and a private sector. We're seeing as evidenced by the recent gini coefficient results that income inequalities actually decreasing in America and it's decreasing for the first time in decades because more people are working and wages are rising and that should make us all very optimistic about the future. So while it is our job and Our obligation to have foresight about where disruption is going to happen. Some disruption can be very positive

today in the United States of America. We have the lowest rate of unemployment for disabled Americans in the history of our country in part because employers are working with disabled Americans to create opportunities for them, but also need technologies are being leveraged to enable them to do work that they otherwise wouldn't have been able to do I've been on many a factory floor and seeing robotic arm somehow that's a assisting women and doing other work that otherwise they would have been precluded from doing actually in you were talking Mark about that gender equality and and I'm so

grateful. Are your passionate real tangible commitment to this topic in 2019? We just learned that women surpassed for the first time the percentage of people in the American labor market exceeding men but amazingly and in 2019 of all the new job security in our economy roughly 1.5 million 72% That's the 1.5 million went to women so women are thriving and and I do think there is an opportunity to think about this through through the positive lens as we also prepare for for the changes that are

economies are are being faced with us, and I know we're going to vacate for the next press conference before seeing you that one. Thank you very much.

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