EMPOWERING THE WORKFORCE THROUGH MICROCREDENTIALING: POLICY IMPLICATIONS FOR BUSINESS STAKEHOLDERS

EMPOWERING THE WORKFORCE THROUGH MICROCREDENTIALING: POLICY IMPLICATIONS FOR BUSINESS STAKEHOLDERS

Written by:
Dr. Severo C. Madrona Jr.
Department of Commercial Law
Ramon V. Del Rosario College of Business
DLSU-Manila

Introduction

Microcredentialing has emerged as a highly innovative and transformative approach to education and workforce development. It offers targeted, skills-based certifications that address the evolving demands of industries and businesses. Unlike traditional degree programs, which often require significant time and financial investment, micro-credentials provide flexible, modular learning pathways focusing on specific skills and competencies. These certifications are typically delivered in shorter time frames and are designed to be responsive to the rapidly changing demands of the modern workforce (Kušić et al, 2022).
As businesses continue to face unprecedented challenges brought about by rapid technological advancements, digital transformation, and shifting market dynamics, the demand for agile, job-ready skills has intensified. Organizations are increasingly seeking employees who can adapt to these changes by acquiring highly specific, industry-relevant skills. However, the traditional education system often fails to keep pace with these evolving needs, leaving significant skill gaps in the workforce. Microcredentialing offers a viable solution to bridge this gap, enabling individuals to upskill and reskill quickly while providing businesses with access to a talent pool equipped with the latest competencies (Brown et al., 2021).

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