25 million jobseekers to be trained in soft skills by Microsoft, LinkedIn

Companies like Microsoft and LinkedIn spend millions of dollars annually on their Corporate Social Responsibility (CSR) activites. A major proportion goes into training and education of employees in soft skills. And to keep up with the technological developments.

The program will use LinkedIn data to find the jobs that employers most want to fill. And offer free access to content that helps workers develop the required skills. The company will also lower the cost of its certification exams and tools. Microsoft aims to provide additional skills to 25 million people globally by the end of the year. Since the program for such jobs as software developer, customer-service specialist, graphic designer and financial analyst.

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Corporates Help Jobs To Grow Back

According to Microsoft calculations, global unemployment in 2020 may reach a quarter of a billion people. It is a staggering number. The pandemic respects no border. In the United States alone, the Congressional Budget Office estimates the country may witness a 12.3 point increase (from 3.5% to 15.8%) in the unemployment rate, equating to more than 21 million newly out-of-work people. Many other countries and continents face similar challenges.

It starts with data on jobs, skills from the LinkedIn Economic Graph. It will provide free access to content in LinkedIn Learning, Microsoft Learn, and the GitHub Learning Lab, and couples these with Microsoft Certifications and LinkedIn job seeking tools. In addition, Microsoft is backing the effort with $20 million in cash grants to help nonprofit organizations worldwide assist the people who need it most.

Therefore, Microsoft has a positive outlook for the economic recovery which it expects will take place. Amid the longer-term and already-unfolding wave of automation. Also, based on the new technologies that underpin what some have called the Fourth Industrial Revolution. Over the next five years, it estimated that the global workforce can absorb around 149 million new technology-oriented jobs. Software development including coding & designing accounts for the largest single share of this forecast, but roles in related fields like data analysis, cyber security coupled with privacy protection are also poised to grow substantially.