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From job security to skill security: A new social contract for the workforce

From job security to skill security: A new social contract for the workforce

For decades, job security was viewed as a reliable path to economic and social stability. A permanent role at a respected organization was often considered the pinnacle of professional aspiration. But in today’s dynamic world of work, shaped by advanced technologies, evolving business models, and shifting employee expectations, the definition of security itself is changing.

Skill security, or the ongoing ability to remain employable and relevant through continuous learning, has become the true measure of career resilience. This shift is not just semantic, but it represents a structural change in how talent is developed, deployed, and sustained across sectors.

To meet this moment, we must forge a new kind of social contract. One that is rooted not in tenure, but in talent. Not in static roles, but in agile capabilities, and not in guarantees, but in growth. Governments, organizations, and individuals all have a role to play in making this transition effective, inclusive, and future-proof.

The evolving employment landscape

The accelerated integration of artificial intelligence (AI), automation, and data-led decision-making has redefined the nature of work. The World Economic Forum’s Future of Jobs Report 2025 estimates that 92 million roles may be displaced globally by 2030, while 170 million new jobs could emerge, resulting in a net gain of 78 million jobs. However, most of these new roles will require skills that many employees today do not possess.

In India, this trend is even more pronounced. According to a report by Quess Corp, for every 10 open roles in generative AI, only one qualified engineer is available, illustrating a massive talent-skill mismatch in one of the most disruptive technologies of our time.

As industries digitally transform, job functions are evolving faster than traditional education and training systems can respond. To avoid widespread obsolescence, a collective shift toward skill-focused workforce planning is required.

The role of government: Enabling infrastructure for skill ecosystems

Governments worldwide are pivotal in shaping the infrastructure that supports lifelong learning and workforce resilience. In an era defined by rapid technological shifts and automation, state interventions must go beyond conventional employment protection and focus on empowering people through adaptable, future-ready skill systems.

From Europe to Southeast Asia, governments are increasingly adopting a “skills-first” mindset and are investing in national skilling frameworks, incentivizing public-private partnerships, and aligning educational outcomes with fast-evolving industry needs.

In India, the focus on building employable skill sets is gaining momentum through national-level initiatives and institutional investments. While progress is evident, the challenge ahead lies in aligning these programs with global skill standards and emerging technologies like AI, cybersecurity, and advanced analytics.

To keep pace, policy frameworks must be nimble, inclusive, and designed to support continuous learning across all stages of one’s working life. Governments will need to act as catalysts, enabling ecosystems where companies, academia, and individuals co-create the future of talent.

Industry leadership: Creating cultures of continuous learning

Organizations today face a dual challenge: retaining top talent and preparing them for tomorrow. As per the NASSCOM Technology Sector Strategic Review 2025, the Indian tech sector is witnessing a fundamental shift from role-based hiring to skill-based workforce models.

Additionally, recent insights highlight a significant increase in demand for AI-led jobs, spanning roles in natural language processing, machine learning operations, and AI ethics, signaling the importance of both technical depth and ethical intelligence.

To remain competitive, companies must embed learning into the flow of work, encourage and facilitate internal mobility, and empower managers to coach and mentor. This requires a mindset shift from seeing learning as an intervention to recognizing it as a strategy.

The individual’s role: Owning the learning journey

While institutional structures are necessary, they are not sufficient alone. Individuals must take ownership of their learning and career progression. The India Skills Report 2025 finds that while overall employability among Indian graduates has risen to 55%, up from 51% in 2024, only 21% of youth have undergone any formal vocational or technical training. Digital learning platforms, micro-credentials, and modular certifications have revolutionized access to education, enabling professionals to upskill anytime, anywhere. However, true transformation arises not merely from these tools, but from a mindset shift—embracing lifelong learning proactively, not reactively. Rather than responding to industry disruption, professionals who prioritize continuous growth ensure they remain relevant, agile, and future-ready. This commitment fosters innovation, adaptability, and resilience, creating a workforce prepared for evolving challenges. Lifelong learning is no longer optional—it’s the foundation for sustained success in an ever-changing world.

A collective imperative

Moving from job security to skill security is not simply a shift in terminology but a shift in strategy, responsibility, and culture. Governments must act as enablers, companies as learning accelerators, and individuals as proactive participants in their growth.

In this new social contract, the most valuable currency is not tenure, but adaptability. Not a job title, but a skill stack, and not a promise of permanence, but a pathway to progress. The future of work doesn’t belong to those with the most secure roles, it belongs to those with the most secure skills.

Source – https://etedge-insights.com/industry/hr/from-job-security-to-skill-security-a-new-social-contract-for-the-workforce/

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