A paradigm shift must take place in the global education system worldwide by narrowing the education-industry knowledge and skill gap. The focus has shifted from employment to employability; that is, educating students so they are capable of evolving and adapting to any changes that may arise. This is no small task but one that higher education is well-suited for. This will require input from students, faculty, employers and government authorities. Part of this paradigm shift entails shifting the focus from a competence-based learning model to a lifelong-lifewide learning model, which is critical in an intensely competitive and highly fluid knowledge-based economy and society.