What We're Reading: New Skills, Talent and Employment Edition

Top Highlights

McDonald’s announced that it will allocate over $150 million to its global Archways to Opportunity education program over the next 5 years. This investment will dramatically expand eligibility, allowing more employees to access the program to pursue education and career ambitions.

Corporations are beginning to place greater focus on skills than degrees, according to Fast Company. Employers seek those with relevant skills and will continue to encourage lifelong learning to improve employees’ capabilities for the new, automated economy.

On Tuesday, Bersin by Deloitte released the 2018 Global Human Capital Trends report based on research and responses from 11,000 business leaders globally – one of the largest response groups in Bersin history. Notably, 72% of respondents state that career paths in their organizations are not based on hierarchy, however, more than half (60%) say their organizations do not effectively empower employees to manage their career paths. In terms of the future of technology, 72% say AI, robots and automation are important and 42% foresee wide deployment of AI in the next 3 to 5 years. More insights into 2018 Global Human Capital Trends are here.

This week Microsoft launched its Microsoft Professional Program for AI on edX, which offers a 10-week online training course for aspiring AI engineers. Developers will learn machine-learning principles and important models essential for navigating the future AI-dominated world.

According to a recent survey, only 56% of organizations use needs assessments. 68% of these organizations find them to be highly or very effective, but still struggle with challenges including finding the time to conduct the assessments. To overcome these obstacles and further improve the effectiveness of needs assessments, the Association for Talent Development provides guidance on how to improve use, including how to select the right tool for the situation.

A piece in Forbes suggests that K-12 education is coming into alignment with workforce needs through work-learn models implemented by businesses in schools – providing real-world business perspectives and educational apprenticeships that prepare students for future work.

A recent report found that only about 10% of jobs in the U.S. and 12% of jobs in the UK are actually at risk of being automated over the next 20 years suggesting that AI poses less risk to jobs than initially thought.

 

Corporate Learning and Development News

Corporations are beginning to place greater focus on skills than degrees, according to Fast Company. Employers seek those with relevant skills and will continue to encourage lifelong learning to improve employees’ capabilities for the new, automated economy.

According to a recent survey, only 56% of organizations use needs assessments. 68% of these organizations find them to be highly or very effective, but still struggle with challenges including finding the time to conduct the assessments. To overcome these obstacles and further improve the effectiveness of needs assessments, the Association for Talent Development provides guidance on how to improve use, including how to select the right tool for the situation.

Expert Josh Bersin shares his perspective on the way micro- and macro-learning programs can help deliver learning in the flow of work. He suggests that macro-learning will help employees develop new skills and obtain deeper knowledge about the subject, while micro-learning will keep their skills current.

With 43% of learners saying their training is ineffective, HR Dive suggests that ongoing learning, reinforcement of prior materials, and communication are important for continuous learners and can help employers measure the return on investment into more effective learning experiences.

Since more organizations are considering ways to address the skills gap, HR Dive suggests seven ways that employers can begin moving in the right direction, including widening the pool of applicants and focusing on continuous development for employees.

Roughly 19% of the U.S. population has some form of disability that affects learning. As a result, L&D professionals are creating programs designed to better integrate disabled learners, pairing learning environments with access needs so no learner will be left behind. 

 

Credentials, Hiring, and Applicant Tracking News

A recent report found that only about 10% of jobs in the U.S. and 12% of jobs in the UK are actually at risk of being automated over the next 20 years, suggesting that AI poses less risk to jobs than initially thought.

As employers are being more thoughtful about the retention of female employees, a new study found the pay gap may be smaller than generally thought.  When comparing pay between genders overall in the United States, men are paid 17.6% more than women; however, when considering the same level at the same company in the same function, the average pay gap amounts to 0.9%.

Since President Trump’s election, there has been a 31% increase in job postings for diversity and inclusion rolesQuartz suggests that the combination of an increasingly diverse population and a president with an often controversial base responsible for the increase.

A new survey reveals the top 5 motivating factors for workers, which include camaraderie and peer motivation, intrinsic desire to do a good job, feeling encouraged and recognized, having a real impact, and growing professionally.

A piece in Forbes suggests that K-12 education is coming into alignment with workforce needs through work-learn models implemented by businesses in schools – providing real-world business perspectives and educational apprenticeships that prepare students for future work.

A study reports the proportion of women in senior organizational roles globally has been stuck at 24% for more than a decade. The Center for Creative Leadership explores 3 strategies to support women: create a culture that sponsors women leaders, deliver challenging assignments, and provide feedback and mentoring.

 

General HR News

On Tuesday, Bersin by Deloitte released the 2018 Global Human Capital Trends report based on research and responses from 11,000 business leaders globally – one of the largest response groups in Bersin history. Notably, 72% of respondents state that career paths in their organizations are not based on hierarchy, however, more than half (60%) say their organizations do not effectively empower employees to manage their career paths. In terms of the future of technology, 72% say AI, robots and automation are important, and 42% foresee wide deployment of AI in the next 3 to 5 years. For more insights into 2018 Global Human Capital Trends, click here.

A recent survey reveals that 44% of managers feel overwhelmed at work, claiming that the large amount of administrative tasks impedes them from providing adequate feedback and direction to their teams. Executives can address the issue by improving managerial training to clearly define responsibilities.

 

Employer Partnerships/Company Innovation

McDonald’s announced that it will allocate over $150 million to its global Archways to Opportunity education program over the next 5 years. This investment will expand eligibility allowing more employees to access the program to pursue education and career ambitions.

Hire by Google released a new feature that allows managers to find candidates for new positions among the pool of existing applicants, allowing HR managers to maintain access to previous candidates who may be the right fit for the new position.

This week Microsoft launched its Microsoft Professional Program for AI on edX, which offers a 10-week online training course for aspiring AI engineers. Developers will learn machine-learning principles and important models essential for navigating the future AI-dominated world.

Michigan Technological University partnered with Keypath Education to expand and optimize its online degree offerings to engineers around the U.S. 

Liberty Mutual Insurance Co., which has been sending employees to coding bootcamps through its GoForCode program to improve employees’ software development skills, is currently exploring the options of bringing coding schools onsite, as well as hiring non-Liberty employees from the program.

 

Startups, Innovation, and Investment News

SkillSurvey released its new reference checking solution that offers staffing and talent management with more options to manage their reference checking process. The new solution claims to saves time and provide faster and more reliable insights.

Pluralsight announced that it initiated an initial public offering. Over the past few years, the company has raised more than $200 million in venture capital and plans to add more learners and companies in the future with the IPO.

HR tech startup Benepik has raised an undisclosed amount of funds from a group of investors in Delhi, representing a growing trend in the industry as investments in the HR tech sector are steadily increasing. 

 

Macroeconomic Trends and Public Policy

While worker shortages continue, companies are increasingly hiring refugees to fill lower-paid jobs that Americans find undesirable. The Trump Administration's policies aimed at limiting refugee migration may affect these jobs and perpetuate worker shortages. (New York Times, subscription required)

Governor Phil Murphy (D) announced the New Jersey Apprenticeship Network to serve as a new path for state residents to enter high-skilled careers through paid apprenticeships. The Network would be funded by the Workforce Development Partnership Program.

 

Other

A new bill introduced in New York could make it illegal for employers with more than 10 employees to send emails or instant messages after working hours. Violators of this “Disconnecting from Work” bill would have to pay a $250 - $500 fine directly to the employee. The bill is still in committee. 

World at Work shares insight on balancing the implementation of new technologies which appeal to Millennial employees with the needs of long-time employees who may not be prepared for the increased dependence on technology.