What We’re Reading: New Skills, Talent and Employment
99% of employers struggle to find experienced new hires in their industry and 92% struggle to upskill the existing workforce, according to Industry Pulse: 2018 Manufacturing Workforce Report.
A new report from the World Economic Forum (WEF) finds that by 2025, half of all workplace tasks will be completed by machines or automated systems.
In a new survey from iCIMS, 45% of recruiters for technology jobs said that in the next two years, training from a coding boot camp would be just as meaningful as a college degree.
According to HR Dive, Tyson Foods has announced plans to more widely utilize virtual reality (VR) in training in order to improve safety and reduce risks for workers.
CareerBuilder recently announced the release of a new app that will support job seekers through artificial intelligence and gamification.
The University of Oregon and Trilogy Education announced The University of Oregon Coding Boot Camp. The 24-week part-time program will focus on helping adult learners and working professionals develop web skills that are in high need in the region.
Clemson University, with $3 million in funding from the National Science Foundation, is launching a new initiative to close the manufacturing skills gap in South Carolina.
Corporate Learning and Development News
According to HR Dive, Tyson Foods has announced plans to more widely utilize virtual reality (VR) in training in order to improve safety and reduce risks for workers. During a pilot of the training, the company saw a 20% reduction in illnesses and injuries related to training, compared to previous years. Additionally, 89% of the group that piloted the VR training said they felt more prepared after the training.
In an interview with Chief Learning Officer, Kelly Plummer, CLO of Degreed and co-author of The Expertise Economy: How the Smartest Companies Use Learning to Engage, Compete and Succeed, discusses the importance of moving an organization's development efforts beyond compliance and necessary training, to focus on cultivating a culture of learning and encouraging continuous learning. She also highlighted the value of partnerships between universities and employers to ensure students have the skills necessary to succeed in the workforce.
An article SHRM suggests that beyond a strong onboarding program, employers can improve retention by providing opportunities for employees to learn about the company culture and contribute to it, as well as providing intentional development opportunities for employees. (SHRM, subscription required).
A piece in Chief Learning Officer cautions learning managers about the dangers of depending solely on machine learning to customize learning experiences for employees without contributing to the overall process.
Credentials, Hiring, and Applicant Tracking News
According to a new report from the World Economic Forum (WEF), by 2025, half of all workplace tasks will be completed by machines and automated systems. Bloomberg reports that the WEF also forecasts that 133 million jobs will be created globally in what they are calling the “Fourth Industrial Revolution”, and that 75 million workers may be displaced.
Industry Week shares recent findings from Industry Pulse: 2018 Manufacturing Workforce Report. According to this new report, 99% of employers struggle to find experienced new hires in their industry, while 92% struggle to upskill the existing workforce.
In a new survey from iCIMS, 45% of recruiters for technology jobs said that in the next two years, training from a coding boot camp would be just as meaningful as a college degree. Further, 80% said they would offer tech candidates the same salary regardless of whether they had a relevant degree.
According to HR Drive, effective workplace talent management systems are key to an organization's success. Experts suggest that companies should reevaluate programs to ensure that recruitment efforts, employee management, and development opportunities meet the needs of their employees.
According to HR Technologist, the best metrics to track for recruitment effectiveness include: measuring the time to hire, the amount of funding dedicated for hire, employee retention rate, and the quality of the hire. The author suggests that new technologies make tracking these metrics easier than in the past.
CareerBuilder recently announced the release of a new app that will support job seekers through the use of artificial intelligence and gamification. According to the company, the new app will allow job seekers to build and store their resume in less than one minute before sending to multiple recruiters. Additionally, candidates will be able to view job availability and salary information in real-time through a virtual reality experience.
General HR News
HR Dive suggests that as a response to skilled labor shortages, employers may increasingly begin considering recruitment from non-traditional sources.
Josh Bersin explores how HR leaders are coping with a workforce that feels overworked, financially strapped, stressed, and without the luxury of time to learn on the job-- and how design thinking can help.
Employer Partnerships/Company Innovation
According to HR Technologist, Kaplan Professional, a corporate learning and development company, announced the launch of a corporate innovation tool that will be used to measure the innovative thinking within a corporate office and provide customized recommendations and training that will help the company become more innovative. To develop the tool, the company partnered with ChangeSchool, a consulting firm with a focus on innovation.
The University of Oregon Department of Continuing and Professional Education along with Trilogy Education announced The University of Oregon Coding Boot Camp. The 24-week part-time program will focus on helping adult learners and working professionals gain web development skills that are in high demand in the region. Beginning in January 2019, participants will have the opportunity to earn a Full Stack Web Development certificate from the university.
Startups, Innovation, and Investment News
According to Business Cloud, Zinc, a blockchain platform, launched a new hiring software where applicants for technology positions can submit their work history using a blockchain certified “digital work passport”. This will allow employers to easily access the candidates' experience, credentials, and references.
Clemson University, with $3 million in funding from the National Science Foundation, is launching a new initiative to close the manufacturing skills gap in South Carolina. The program will focus on both technical skills and soft skills, and aims to become a new model for graduate-level education in advanced manufacturing.
Emplify, a company that combines employee engagement with communication raised $7.5 million in a Series A investment round led by Edison Partners, with participation from existing investors.
Flatiron School, a coding boot camp now owned by WeWork, announced plans to expand further west to offer two courses in Seattle, Washington. The 15-week-long sessions will be offered for $10,000 and will include a Data Science Immersive course as well as a Software Engineering Immersive course.
Macroeconomic Trends and Public Policy
SHRM reports that the House Rules Committee completed a proposal called the Save American Workers Act. The act proposes changes in regulations for the Affordable Care Act for companies with 50 or more employees. These changes would include the elimination of the rule requiring coverage for those who work less than 40 but more than 30 hours per week; elimination of the employer mandate and fine for ACA compliance, including the possibility of refunds for those who have been fined since 2015; and further delay for the 40% excise tax on coverage to be effective in 2023 rather than 2022. The proposal is set to be shared with the full House of Representatives later this year. (SHRM, subscription required).
The number of female CEOs is inching up, but still far from parity: with Indra Nooyi’s departure from PepsiCo, only 5% of Fortune 500 CEOs are women.