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

Top Highlights

Google and LinkedIn announced a partnership to offer specialized training courses to train aspiring Android developers. Those interested now have access to 19 different courses on LinkedIn Learning that will prepare new developers for the Google Android Developer Certification exam.

Josh Bersin suggests that the most successful talent acquisition teams work to integrate with the business, look to internal talent, consider potential in addition to skills and experience, personalize candidate experiences, emphasize skill development, and are on the forefront of harnessing new technologies.

Employers may be making critical mistakes by focusing recruiting efforts at top universities, according to an op-ed in Forbes,  including assuming that academic performance correlates to good job performance, overlooking talent at other schools, and cementing systems of bias.

SHRM shares analysis of a new report that suggests an underrepresentation of women and diverse groups in senior roles, as well as large earnings gaps. According to the report, a cybersecurity professional of color earns $115,000 on average, while the overall U.S. cybersecurity workforce average is $122,000.

Chief Learning Officer shares perspectives on the roles and partnerships between academic institutions and ‘corporate universities’ - learning entities developed specifically to meet a corporation’s needs - and the ability of each type of institution to promote employee skill development.

With more than a third of U.S. workers accepting jobs stemming from referrals, Harvard Business Review suggests ways that employers can continue to use employee referrals as a recruitment channel, while still promoting workplace diversity. White women are 12% less likely to receive a referral, men of color are 26% less likely and women of color are 35% less likely. (Harvard Business Review, subscription required).

According to CNBC, Amazon Web Services is considering rolling out a ready-to-use service with training content that companies can utilize to build employee skills.

 

Corporate Learning and Development News

Leaders of LinkedIn, Tesla, Amazon and other top companies put an emphasis on talent development, offering insights into e-learning trends. These include employees learning while they work, learning becoming individualized, learning development professionals shifting to curating rather than creating content, and shifting to data-driven talent development. 

Chief Learning Officer shares perspectives on the roles and partnerships between academic institutions and ‘corporate universities’ - learning entities developed specifically to meet a corporation’s needs - and each type of institution’s ability to promote employee skill development.

A piece in Chief Learning Officer suggests that today’s workplace - driven by technology, a millennial workforce, and high-speed business needs - would benefit from organizational changes requiring L&D departments to adopt a more employee-driven learning approach. This new approach would center around user-generated content, developed by subject matter experts: the employees.

According to CNBC, Amazon Web Services, putting an emphasis on lifelong learning, is considering rolling out a ready-to-use service that consists of training content that companies can utilize to build employee skills.

 

Credentials, Hiring, and Applicant Tracking News

Josh Bersin suggests that the most successful talent acquisition teams work to integrate with the business, look to internal talent, consider potential in addition to skills and experience, personalize candidate experiences, emphasize skill development, and are on the forefront of harnessing new technologies.

Employers may be making critical mistakes by focusing recruiting efforts at top universities, according to an op-ed in Forbes. These include assuming that academic performance correlates to good job performance, overlooking talent at other schools, and cementing systems of bias.

According to a recent study, over a third of U.S. workers were hired to their current job based on a referral, however white women are 12% less likely to receive a referral, men of color are 26% less likely and women of color are 35% less likely. Harvard Business Review suggests ways that employers can continue to use employee referrals, while keeping workplace diversity in consideration. (Harvard Business Review, subscription required).

According to HR Dive, the tight labor market is causing employers to increasingly overlook red flags that would have dismissed candidates a few years back. 

 

General HR News

SHRM shares analysis of a new report that suggests underrepresentation of women and diverse groups in senior roles as well as large earnings gaps. According to the report, a cybersecurity professional of color earns $115,000 on average, while the overall U.S. cybersecurity workforce average is $122,000.

Performance management practices have changed in step with appraisal processes trends. Many systems now provide the tools designed to support frequent performance discussions and support for calibration meetings that capture multi-directional feedback.

According to World Finance, while automation will replace thousands of jobs by 2030, studies maintain that the losses will likely be made up elsewhere in the economy. These new jobs could result from an overall improvement to the economy in terms of income and productivity.

 

Employer Partnerships/Company Innovation

Taco Bell partnered with Guild Education to expand education support to 210,000 team members, who will have access to personalized college advisers and tuition discounts.

Cisco invested $13 million in 44 networking academies among school districts and colleges it has partnered with in Missouri to help close the skills gap and train the next generation workforce.

 

Startups, Innovation, and Investment News

Madrona Venture Group raised $4.75 million in institutional capital for the Riveter, a female-forward company focused on giving women in business the tools and space to succeed.

Wyncode Academy announced a $1.4 million scholarship commitment to promote increased female involvement in technology. The Academy hopes to offer up to 930 scholarships over the next 4 years to qualified female candidates interested in enrolling in its courses. 

 

Macroeconomic Trends and Public Policy

According to a ManpowerGroup report, while employers in the U.S. have a positive hiring outlook, only a 23% increase is expected in hiring for Q2. 72% of companies are expected to maintain their current staff levels.

The closing of Toys “R” Us will cost 31,000 employees their jobs and severance packages, representing a trend in the U.S. for traditional retailers closing and the repercussions on  employment.  

 

Other

As Amazon continues to rise in popularity and value, its expansion into every industry and isinflicting damage on many other companies. Further, as cities vie for Amazon’s new HQ2 location and people complain about rising prices and traffic because of it in their communities, the issue of automation becomes another on a list of potentially harmful effects that will elicit legislation to protect workers.

Volvo used an “M&A strategy for talent” to ensure an outside-in transformation that would help the car company move into the premium-brand tier and compete with top-luxury brands. In recruiting new talent, Volvo put their CHRO at the heart of their initiative, hired people with pertinent skills outside the industry, and developed a new system of talent integration for the new hires.