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Will you still need a college education in 2040?
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The future workforce
In the future, change is the only certainty.
Workers, employers, and education providers need to be agile, flexible and prepared to adapt as technology continues to interrupt industries and change the jobs available.
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Education vs training
Until two decades ago, the general goal of colleges was for academic pursuits and teaching individuals to become more well-rounded. The general thought was that colleges were not vocational institutions.
Now, and possibly in the future, colleges will have to focus more on training and change their curriculum to meet the demands of employers.
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Alternatives
A four-year college education remains the best choice for those who can get admitted to a selective university. But for everyone else, an alternative path might be the best way to go.
In the future, one training path will be company-sponsored apprenticeship programs to cover the skills missing between the secondary system and what employers are looking for.
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Soft skills
Many workplace experts think that soft skills will help workers differentiate themselves from their peers. But automation will require workers of the future to be prepared to perform jobs with a strong technological component.
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Specialists will be more valued
One of the main ways technology has changed the job landscape is the gig economy and contract work.
What will further change is the extent to which specialists will be valued over generalists. In the future, a small business owner will have access to legal talent and services beyond their geography. It will include narrowed down services on an ad-hoc basis.
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Micro credentialing
As technology continues to change various industries, employers will require up-skilling from their employees.
In the worst-case scenario, people will need to be re-skilled into new industries as AI, drones, and automation will reshape jobs. Mini-degrees or certifications that are more specialized will be offered by training institutions that focus on a particular industry.
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Lifelong learners will thrive
It's not enough to be smart. In the future, good workers also need to be curious to stay ahead of the game. Those who choose continued education in their careers will be the ones to thrive.
As for employers, companies that promote a culture of learning and facilitate training will reap the benefits.
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SIMILAR ARTICLES & IDEAS:
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Diversity & Inclusion
There is a significant relationship between competitive profit gains and diversity.
Companies with gender, ethnic and racial diversity are at least 15 percent more likely to experience...
5 Lessons for Managing D&I
- Recognize the Shift in Global Understanding of D&I. Diverse thinkers come from a variety of different backgrounds.
- Build an Inclusive Environment. All people are encouraged to draw upon their unique experiences, perspectives and backgrounds to advance business goals.
- Use Multiple Practices and Measures. Have solutions in place to monitor and retain a talented and diverse workforce.
- Ensure Leaders Model Diversity and Inclusion. It sets the tone for the rest of the organization to follow suit.
Recognize the Connection Between Innovation and D&I. Diversity and inclusion increase innovation and reduce business risk.
Cognitive Diversity
The concept of cognitive diversity focuses on diversity of thinking and is composed of four dimensions:
- Perspectives. People represent situations in different ways
- Interpretations. Through diverse interpretations, teams can discover multiple resolutions.
- Heuristics. People resolve issues in different ways.
- Predictive models. Some analyze, and others look for a story. Both are useful for discovering workplace solutions.
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Remote Working
It’s almost hard to imagine now that people would commute 2 hours each way, from home to office and back, hopping buses and trains. Remote working, as discovered by millions recently, has plenty of...
Challenges In Remote Working
Remote working is not without its challenges, with many feeling isolated and unmotivated, being left on their own.
Communication is trickier with colleagues and bosses, and there is a general lack of transparency and chances of overworking.
Tools Of A Good Remote Worker
- Being Tech Savvy: A Good PC/Laptop, the latest tools and software for the job, and a reliable internet connection are a must for most remote working profiles.
- Good Communication Skills: Most of the communication will be written, and one should be able to articulate complex concepts and subtleties while being concise. This link provides a handy guide.
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Reskilling And Refitting
- Due to the pandemic, millions have had to say goodbye to their existing jobs, as companies and stores make positions redundant or go bankrupt themselves.
- Training oneself or upgrad...
The Problem With Reskilling
- Globalisation and technological progress have impacted the well-paid ‘blue-collar’ jobs negatively, apart from disrupting routine office work. Addressing a skills gap by training workers sounds great in theory, but various studies point out to a different reality: skilled workers are already in oversupply.
- The problem arises from the retraining occupations that workers are doing, which may not be what the industry requires, but just a small fraction of the total vacancies. Add to this the fact that technology itself is automating tasks at a brisk pace, eliminating thousands of jobs altogether.
Realism About Reskilling
The push towards reskilling is not a scam, but merely a misalignment of incentives and a myopic focus on ‘skilling’, which does not shine a light on the numerous other factors that prevent people from getting new jobs, or keep them stuck in dead-end jobs:
- Lack of interoperability between organisations for employer health or retirement plans.
- Lack of decent-paying entry-level jobs.
- Logistical and commuting issues of the employee.
- Lack of guidance and support to laid-off employees from the industry.