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What is the Care Economy?
What is the Care Economy?
The Care Economy offers care and support services that contribute to the nurturing and development of our current and future populations. The sectors delivering these services include Healthcare, Wellness, Community Care, Early Childhood, Social Service, General Education and Training and Adult Education.
With advances in technology and healthcare, people around the world are living longer, resulting in an increasing ageing population. This, together with evolving demands for care, has driven the Care Economy into becoming one the fastest-expanding economic sectors globally. The COVID-19 pandemic contributed to this as well, accelerating the need for a stronger care ecosystem.
A recent report of jobs by the World Economic Forum1 stated that by 2022, almost 40% of job openings in emerging professions will be in the Care Economy.
What are the priority skills in the Care Economy?
What are the priority skills in the Care Economy?
There are 5 skill clusters that feature prominently in the Care Economy, and they contain skills that are highly transferable across Care Economy sectors. The skill clusters are Conduct and Ethics, Stakeholder Management, Inclusive Practices, Reflective Practice,and Change Management Framework.
The 26th instalment of SSG’s Jobs-Skills Insights Webinars takes us into the world of care. The Care Economy is a professional cluster of care-related jobs and skills, involved in the teaching and nurturing of current and future populations. With such high stakes at play, progressive organisational culture and work practices become inordinately important in supporting care professionals to deliver their best. At the same time, technology and digitalisation offer huge potential in amplifying care services to reach beneficiaries far and wide.
The 26th instalment of SSG’s Jobs-Skills Insights Webinars takes us into the world of care. The Care Economy is a professional cluster of care-related jobs and skills, involved in the teaching and nurturing of current and future populations. With such high stakes at play, progressive organisational culture and work practices become inordinately important in supporting care professionals to deliver their best. At the same time, technology and digitalisation offer huge potential in amplifying care services to reach beneficiaries far and wide.
Healthcare
Healthcare
Early Childhood
Early Childhood
Social Services
Social Services
Why do you think the Care Economy is a growing sector?
Find out more about how the organisation you will be visiting is part of the Care Economy below!
Pre-Visit Reflections
Pre-Visit Reflections
Now that you are ready for the Industry Visit, complete the pre-visit reflections here!
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