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Mind the (Skills) Gap
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 skills to remain relevant in the workforce.
- Companies face a skill and talent shortage that is likely to affect their profitability in the coming years. The society as a whole must likewise re-skill its working population to remain relevant globally.
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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 skills to remain relevant in the workforce.
- Companies face a skill and talent shortage that is likely to affect their profitability in the coming years. The society as a whole must likewise re-skill its working population to remain relevant globally.
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.
Develop Talent Ecosystems
Developing your partners, suppliers, consultants, and contractors isn't instinctive to any company, who always considers only their full-time staff to be eligible for training.
When planning for training and skill development, embrace the whole ecosystem.
The Unemployed Period
Periods of unemployment and gaps in work are usually looked down upon by companies.
These periods can be opportunities to gain new skills and refresh old ones. Unemployment benefits can include training and professional development, helping people who are out of job, adapt and get employed.
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Personalized Career Pathing
As more workers move into the gig economy, they will need to self-direct their learning and decide what knowledge they’re missing, where to acquire it, and how to fit learning into daily rou...
The Shifting Nature Of Education
The demand grows for a new learning ecosystem that offers cheaper and more accessible learning when compared to the traditional educational programs.
Workers are demanding “plug and play” platforms that enable access to smaller bites of just-in-time education throughout their careers.
The Modern Workplace
The workplace is changing at an alarming pace, and so do the skills needed to keep up in most jobs. Also, the emergence of the gig economy is reshaping the traditional employer-employee relationship as more contractors fill roles once reserved for full-time workers.
It’s key for employees to get training and develop new skills throughout their work life in order to keep up with changes in the workplace.
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The model of future work
By 2030, up to 30 to 40 percent of all workers in developed countries may need to move into new occupations or upgrade their skill sets. Skilled workers in short supply will become even scar...
Employers should lead the way
The pace and scale that technology disrupts is a social, political and business challenge.
Employers are best placed to make a positive societal impact, for example, by upgrading the abilities of their employees and equipping them with new skills. Employers will also reap the greatest benefit if they can successfully transform the workforce in this way.
Talent is the largest barrier
Talent is the largest barrier to the successful implementation of new strategies.
Many leading businesses realize that it is quicker and more financially prudent to look internally and develop the talent they already have. Yet only a third of global executives report that their organizations have launched any new reskilling programs.
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“The biggest risk is not taking any risk. In a world that is changing really quickly, the only strategy that is gu..."
Mark Zuckerberg, CEO of Facebook
Skills Needed In Digital Leaders
- Work together, complement each other, and function as a team.
- Able to operate on and enable environments that are more dynamic, team-centric, and connected.
- Lead and build teams and partner with the broader ecosystems, keep people connected and engaged, and drive a culture of innovation, learning, and continuous improvement.
- Lead a workforce that includes contractors, the contingent workforce, and crowd talent.
- Understand how different business functions, industries, and technologies come together to form solutions.
- Comfortable and competent with risk-taking.
Demographics And Leadership Destiny
Millennials expect to be developed via opportunities, mentoring, and stretch assignments. However that is hard to come by in top-heavy companies.
Most millennials think their roles provide little development while most companies report they have excellent or adequate programs for Millennials.
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