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Will you still need a college education in 2040?
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.
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.
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.
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.
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.
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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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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Cycle Of Obsolescence
- Today's school and college education systems do not guarantee a life long career, as it gets obsolete in only five years.
- Individuals must constantly update themselves, enhancing their...
Peer-to-Peer Learning
Old-school learning techniques that involve huge investments of time and money are getting increasingly unfeasible.
New ways to learn, using various online tools, allows people to upgrade and refresh their skills. There are peer-to-peer learning platforms where experts are teaching how to attain mastery at specific skill-sets.
Shorten the Learning Times
Spending years in the classroom to learn a subject is keeping the individual unproductive.
Shortening the educational time commitment, and providing more hands-on work experience can make mastering skills easier and provide the young workforce with tangible, real-world skill-sets like confidence, adaptability, computational thinking and a design mindset.
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Workers and Leaders Need To Tell Good Stories
As freelancing is becoming common, people with powerful personal brands have a leg up on getting jobs and being promoted. And personal brands are built on, among other things, telling and sharing great stories.
Stories help us hold attention, remember and persuade. Savvy leaders tell stories to inspire and motivate us as they understand that “what you say” is often moot compared to “how you say it.”
Businesses Need To Tell Good Stories
Most CMOs think content is the future of marketing and that branded content is superior to PR, direct mail, and print advertising.
As the people get used to interacting with companies and most corporations start thinking of themselves as publishers, the defining characteristic among the successful ones will be the ability to not just spew content, but to craft compelling stories.
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