Upskilling your workforce for the future - Career + Learning Journeys - NOV 2018 / FUEL50 + EDCAST
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Speakers Jo Mills Becky Willis Co-Founder VP Engagement Fuel50 EdCast Josh Bersin Global Industry Analyst joshbersin.com
Unemployment rate nearing record lows Mean “time to hire” for new hires is 31 days, higher than it was in 2001. 1970 – 1976 2007 6.2% jumping to 12.3% Inflation 4.1% Inflation Expected to End of Dot Com drop to 3.9% Vietnam Black Financial Korean Dot War Monday Crisis War Bomb http://dhihiringindicators.com/wp-content/uploads/2018/01/2018-01-DHI-Hiring-Indicators-Report-FINAL-2.pdf https://www.thebalance.com/unemployment-rate-by-year-3305506
Robotics and AI. 77% of CEOs expect the role of AI, Robotics, and Automation to “increase significantly” over the next 2 years. Source: Robots: The new low-cost worker, Dhara Ranasinghe, CNBC, April 10,2015. https://www.cnbc.com/2015/04/10/robots-the-new-low-cost-worker.html Source: China Can’t Buy Enough Industrial Robots, Jethro Mullen, CNNTech, June 23, 2016 http://money.cnn.com/2016/06/23/technology/china-industrial-robots/index.html
The Economy Is Shifting to Services. Source: U.S. Bureau of Labor Statistics and LinkedIn 2017 Jobs Report
And organizations must redesign themselves. A NETWORK OF TEAMS B Shared values A A and culture Transparent goals and projects B F C D Free flow of information and feedback People rewarded for their skills and abilities, C D E G not position E How things were How things “are” How things work Source: Rewriting the rules for the digital age. 2017 Deloitte Global Human Capital Trends
And we are living longer, stretching the talent cycle. “Since 1840 there has been an Today’s Millennials increase in life have a 50% chance expectancy of of living to 100+ three months for every year.” Source: Gratton, Lynda; Scott, Andrew. The 100-Year Life Will generational bias be the hot button of 2018? Increase in Life Expectancy Over Time Source: http://www.mortality.org/
New skills…and jobs that are more “Hybrid” than ever. Most In-Demand Jobs 2018 Most In-Demand Skills Machine Learning Engineer 9.8 1. Management 2. Sales Data Scientist 6.5 3. Communication Sales Representative 5.7 4. Marketing 5. Start-ups Customer Success Manager 5.6 6. Python Full Stack Engineer 5.5 7. Software development 8. Analytics Big Data Developer 5.5 9. Cloud computing Brand Partner 4.5 10. Retail Peronsal Loan Consultant 4.4 Head of Partnerships 3.6 Most In-Demand Capabilities Licensed Realtor 3.4 1. Adaptability Guest Experience Manager 3.1 2. Culture fit Soft Skills Marketing Content Manager 3 3. Collaboration 4. Leadership Reliability Engineer 2.9 Tech 5. Growth potential Head of Customer Experience 2.8 6. Prioritization 0 1 2 3 4 5 6 7 8 9 10 https://economicgraph.linkedin.com/research/LinkedIns-2017-US-Emerging-Jobs-Report
Demanding a completely new career model. 58% of companies are redesigning or planning to redesign their While 33% of companies promote career model vertical career moves, 67% now Deloitte HC Trends 2017 promote horizontal or project based career progression Deloitte HC Trends 2017 83% of companies expect to have an “open” or “highly flexible” career model within the next 3-5 years Deloitte HC Trends 2017 31% of companies expect careers to be 3-5 years long; 60% expect them to be 10 years or less Learning and career management Deloitte HC Trends 2017 software is the #1 fastest growing segment in HR technology (Sierra-Cedar 2016– 2017 Survey HR White Paper)
“The Three Boxes of Life.” BY DICK BOWLES From To EDUCATION RETIREMENT EDUCATION WORK WORK LEISURE
The Key To Successful Career Models. Succession Career management development Organization Individual needs needs/desires Values Strategic Desired initiatives competencies Individual Annual goals Desired (knowledge, Development Development business behavior, Plan (IDP) needs skills) Mobility outcomes Open positions & Strengths Career opportunities aspirations Mission Vision Strategic Development Performance Workforce competencies planning management planning
How Careers Have Changed. TRADITIONAL T O D AY Career development means Career development means upward progression growth through new experiences New positions I seek out and find are offered to me new opportunities My manager helps me My manager, mentor, and others plan my career help me find job opportunities Development $ focuses Development $ is applied to on senior leaders all roles and functions My manager decides I decide when I am ready for a new position when I’m ready to change roles Taking a new assignment Moving to a new position is respected can be risky and considered key to growth
CAREER DEVELOPMENT IS KEY TO RETENTION Millennials rate development the #1 job benefit. Millennials in the workforce For Millennials, “Training and development” is the most coveted job benefit Training and development 22% Flexible working hours 19% Cash bonuses 14% Free private healthcare 8% Retirement funding 6% Greater vacation allowance 6% 0% 5% 10% 15% 20% 25% Percent indicating job benefit in first place Source: Human Capital Trends 2017, Deloitte Consulting, LLP
But It’s More Complex Than You Think. Job Seeking Career Advice Management Culture Job assessments online All jobs defined “Career Advisor” or Managers rewarded Managers measured by All external positions Professional career for self-assessment and around similar “sponsor” separate for coaching and engagement and are posted internally counselors in HR development competency model from manager development progression of team Career explorer tools Internal candidates Active mentoring Managers rewarded for Open job descriptions, Career Resource Clear and agile are available for all given fair or preference program with internal “talent production” not only levels, and job demands Center available goal setting employees to external and external mentors “talent consumption” L&D and Talent Mgt. Job Transition Culture and Reward Systems Wide variety of online Multi-year management Network building “HIPO” programs are not Cross functional Making mistakes is Inclusive culture learning for technical, or career development rewarded for sacrosanct as the only projects are valued valued as learning and enables anyone to professional, and programs exist and are progression and way to get ahead as development discussed openly take any job managerial growth honored leadership Onboarding and Social and video Tolerance of staff who are Tolerance of failure Apprenticeship model performance support Meritocracy as culture sharing tools are used “incompetent” and without blaming the adopted internally valued part of manager of reward and growth for learning new at job people and L&D role Mentoring is valued, Learning funded and Design thinking about Promotions and Salary Rewards for New Return guaranteed Storytelling celebrating institutionalized, rewarded, valued by top lifecycle of employee in a Increases for Non- Assignments and stretch for risky career paths of varied and mentor development management role for first 2 years Management Jobs assignments assignments types programs exist Professional Ladder Development includes PM process focuses on “Job rotation” programs Specialist roles are Line / Staff / Line / Staff separate from industry, company, and development and into and out of valued, rewarded, transitions are valued Management Ladder functional training coaching functions are valued celebrated and managed carefully
Corporate Learning Must Reinvent Itself. The Learning Curve is the Earning Curve Over 300 years of economic history, the principal and most enduring mechanism for distribution of wealth and reduction in inequality is the diffusion of skills and knowledge. SKILLS ANXIETY: New LinkedIn Research Shows that the #1 desire of employees today is to know “what are the fastest growing skills in my current job” (74%)
We Are In The Middle Of A Shift. W EWe ARare E Hhere ERE Learning E-Learning Talent Continuous Digital In Flow of & Blended Management Learning Learning Work Micro-Learning Formats Course Catalog Learning Path Video, Self-Authored Real-time Video Online University Career Track Mobile, YouTube Courses Everywhere Learning In The Flow Instructional Design Blended Learning 70-20-10 Design Thinking Philosophy Kirkpatrick Social Learning Taxonomies Learning Experience of Work Self-Study Career Focused Learning On Demand Everyone, All the Users Online Learning Lots of Topics Embedded Learning Time, Everywhere LMS as LMS as Talent LMS as Experience LMS invisible Systems E-Learning Platform Platform Platform Data Driven, Mobile 1998-2002 2005 2010 2018 2020 Source: Bersin by Deloitte, Deloitte Consulting LLP
Micro-Learning Is Born. MICRO-LEARNING MACRO-LEARNING I need help now. I want to learn something new. • 2 minutes or less • Several hours or days • Topic or problem based • Definitions, concepts, principles, and practice • Search by asking a question • Exercises graded by others • Video or text • People to talk with, learn from • Indexed and searchable • Coaching and support needed • Content rated for quality and utility Is the content useful and accurate? Is the author authoritative and educational? Videos, articles, code samples, tools Courses, classes, MOOCs, programs
New research demonstrates this cycle. Expert Un-Structured Capable Content (Micro Learning) (42%) Structured Literate Content (Macro Learning) (58%) Novice O’Reilly study of over 200,000 learning interactions for engineering and software skills found that 58% are “structured” or linear, and 42% are “ad-hoc” or content focused.
A proliferation of learning tools are now needed. Evidence of Change 38% of LMS users want to “improve the user experience” 28% of companies are buying a new core learning platform 14% are planning on replacing their LMS Source: Toward Maturity, 2017 and Learning Technology Survey, Don Taylor, 2017 Source: Sierra-Cedar HR Systems Study, 2017
More Learning Is Good! Hours Per Week Learning The Heavy Learners vs. Light Learners Are Heavy >5 hours 21% more likely to feel confident in their work 7% 23% more likely to take on additional responsibilities at work more likely to know where they want to go in their 74% career 48% more likely to have found purpose on their work 39% more likely to feel productive and successful 21% more likely to be happy at work Light
11 The New York Times, Feb. 13, 2016
B U T IT’S NOT QU ITE ENOU G H Four modalities of learning are still needed MICRO MACRO EXPERIENTIAL LEARNING LEARNING “UNIVERSITY” LEARNING LEARNING Videos, blogs, articles, micro- MOOCs, courseware, Coaching, developmental learning programs, curated courses, simulations, Events, innovation sessions, assignments, mentorship, feeds, on-demand, assessments and may leadership programs exposure in the flow of work include VR and AR Only 31% of companies offer 42% of companies believe they continuous learning Only 38% of companies offer effectively help people 83% of companies have a opportunities, only 14% feel development activities outside perform in future role, 29% in corporate university and 32% effective in this area, yet 79% of formal training, continuous future role, yet focus here is say its usage is increasing of L&D professionals investing focus needed high and growing in this model Source: Bersin by Deloitte High-Impact Learning Organization 2017, n=1200 / ATD “Microlearning: Delivering Bite-Sized Knowledge,” n=596
The Critical Issue To Consider. Talent Learning & Acquisition Development HIRE FROM TRAIN FROM OUTSIDE? WITHIN? Location Developmental culture? Talent Pipeline? Speed Readiness of candidate? Culture of team? Budget Mobility culture? Need for experience? Manager Gig or part-time? Succession plan?
We must not forget the critical role of culture. Great Corporate Excellent Strong CLO Strong Talent Process University L&D Skills Excellent Training Great L&D Measures Technology & Effectiveness Have we created an organization which truly has a culture to learn? Does Leadership Do people share Are experts rewarded Can we get time from reinforce the need to information and valued? experts and leaders? Learn? openly? Do people feel Do we take Do people Do we listen empowered to the time to move around to customers point out errors? reflect? and take risks? openly?
Josh Bersin Jo Mills Becky Willis Global Industry Analyst Co-Founder VP Engagement Joshbersin.com Fuel50 EdCast • What do you see as the key imperatives for the employee career experience to future-proof your workforce? • How can learning journey’s be delivered to upskill your workforce for the future?
Let us show you. What does an employee career + learning journey look like today?
Any questions?
Thank you.
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