Abstract

To contribute to human capital development in readiness for the Post-pandemic era, this paper discusses different models of reinvention/retooling as a resilience strategy in the face of vulnerabilities in the labour market. Using a critical literature review (CLR), this paper discusses different models of career reinvention/retooling, including the imperatives in the Post-pandemic era. At the end of the CLR, three insights emerged. First, the twelve (12) different models of career reinvention/retooling in readiness for the Post-pandemic era are task, position, knowledge, occupation, expertise, technical skills, attitude, brand/value, conceptual skills, competencies, managerial skills and entrepreneurial skills. Second, the different models of career reinvention/retooling are imperative because of environmental factors such as economic recession, pandemic/epidemic organisational downsizing, outsourcing, change management, mergers & acquisitions, the emergence of new technologies, globalisation waves, demographic shifts, climate change, migration, and disruptive business models in the labour market, among others. Third, career reinvention/retooling requires tripartite collaboration from critical stakeholders, particularly governments, employees, and business organisations. The paper concludes with policy, managerial and theoretical implications, and suggestions for future research.

Highlights

  • The COVID-19 pandemic has destroyed jobs, rendering several skills obsolete—a situation that calls for a pragmatic adaptation of skills and competencies to help employees and employers come to grips with the new realities (Osland et al, 2020)

  • In the midst of the mixed effects of the crisis, some proactive companies are already rethinking and reinventing their business models and embracing career reinvention/retooling in the face of the uncertainty caused by the pandemic (Kilic & Marin, 2020)

  • The objective of this paper is to discuss the different models of career reinvention and retooling in the Post Pandemic Era, the roles of stakeholders and the reasons why both strategies are expedient

Read more

Summary

INTRODUCTION

The COVID-19 pandemic has destroyed jobs, rendering several skills obsolete—a situation that calls for a pragmatic adaptation of skills and competencies to help employees and employers come to grips with the new realities (Osland et al, 2020). The largest printing presses in Latin America retooled the machines and reinvented operations from book publishing to the production of 3D protective masks and hand sanitisers (Duff, 2020). The COVID-19 pandemic disrupted businesses and heightened massive job losses in some sectors and led to a reduction in the workforce in several others (Raimi, 2021). It brought working hours in the 4th quarter of 2020 down by 8.8 percent, which corresponds to 255 million full-time jobs (ILO, 2021a). The objective of this paper is to discuss the different models of career reinvention and retooling in the Post Pandemic Era, the roles of stakeholders and the reasons why both strategies are expedient. The paper provides answers to three research questions (RQ): (a) What are the different models of career reinvention/retooling and outcomes? (b) What are the roles of stakeholders in career reinvention/retooling? and (c) Why is career reinvention/retooling imperative?

METHODS AND APPROACH
Findings
LITERATURE REVIEW
Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call