KUALA LUMPUR, June 3 (Bernama) — In a post-pandemic economy, talent development is a key enabler, with human capital being an essential element in economic growth and development. While the COVID-19 pandemic had disrupted all sectors, education was among the hardest hit. Professional education is now hard-pressed to meet the ongoing demand for a highly-skilled and knowledge-driven workforce with the changes in business models and talent needs, impacted by technology advancements, adaptive work environments and a global workforce that is more diverse. [1]
As the learning and development (L&D) sector races to fill these gaps, professional education is expected to grow at a compound annual growth rate of 4.4 percent from the 2021 base of £5 trillion to £7 trillion (about RM27 trillion to RM38 trillion) by 2030.[2]