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

Highlights
Forbes launched the Learn@Forbes online learning program to help professionals build skills and knowledge as needed. Using the Bridgepoint Learning Platform, they currently offer 60 courses in leadership, entrepreneurship, business, sales, IT, cybersecurity and software. Participants can also earn certifications or continuing education credits for a select group of courses offered.
 
recent study by Visier Insights found that millennials in managerial roles are two-thirds less likely to resign than millenials in non-managerial positions. Millennial managers who have been promoted in the last two years resign 3.1% less than the average millenial, while those who have not been promoted resign 5.2% more often than average.
 
New research from MIT SMR and Deloitte finds that companies are becoming increasingly digital, using technology to give the company an upperhand. The survey found that companies are more willing to develop new digital leaders; however, while 90% of respondents believe they need to update their skills yearly, only 34% are satisfied with the degree to which their employers support skill development.
 
An article from ATD discusses the growing trend of using VR to train workers. The author suggests that training with VR is more successful because it is a memorable experience. Further, VR is an immersive experience which forces workers to focus more on the training. The author also calls out that for some industries the isolating nature of VR provides a safer environment for training employees.
 
New research from Gartner finds that less than half (40%) of employees feel that their managers help them develop the skills they need for their roles. Researchers suggest that “connector managers”, or those who connect employees to those with skills they may not possess, are the most effective.
 
new report by Robert Half revealed an increase in promotions without raises. In 2011, 22% of employers regularly promoted workers without raising their salaries and 55% of employees were willing to accept such promotions. In 2018, the follow up study showed an increase in both numbers, to 39% and 64%, respectively. Males between the ages of 18 and 34 are most likely to receive this type of promotion without a pay raise.

 
Corporate Learning and Development News
An article from ATD discusses the growing trend of using VR to train workers. The author suggests that training with VR is more successful because it is a memorable experience. Further, VR is an immersive experience which forces workers to focus more on the training. The author also calls out that for some industries the isolating nature of VR provides a safer environment for training employees.
 
Employers should more readily consider providing opportunities to upskill employees in the midst of the skills gap according to an article in Forbes. According to experts, an effective training program includes clear objectives and goals, someone to take lead on such trainings, buy-in from the organizations’ leaders, and the ability to track engagement, effectiveness and other metrics.
 
SHRM shares the perspective of an author who suggests that feedback – reviewing past performance, “feedforward” – setting goals for the future, and frequent coaching – and establishing a plan and the necessary accountability to reach future goals, are crucial for 21st century performance management. (Society of Human Resources Managers, subscription required)
 
New research from MIT SMR and Deloitte finds that companies are becoming increasingly digital, using technology to give the company an upperhand. The survey found that companies are more willing to develop new digital leaders; however, while 90% of respondents believe they need to update their skills yearly, only 34% are satisfied with the degree to which their employers support skill development.
 
New research from Gartner finds that less than half (40%) of employees feel that their managers help them develop the skills they need for their roles. Researchers suggest that “connector managers”, or those who connect employees to those with skills they may not possess, are the most effective.
 
HR Dive suggests that training for quickly growing industries such as Cyber-security or the Cannabis industry, can be challenging, and that companies should find guidance where they can. The author also suggests that the ideal employee may not be out there yet, and that employers seek employees with soft skills or transferrable skills that can help with their preparation.
 
Harvard Business Review suggests that allowing one supervisor to have the final say in an employee evaluation can lead to inconsistencies and biases. Experts suggest, instead, using calibration committees to help reduce subjectivity and minimize inconsistencies. (Harvard Business Review, subscription required)

 
Credentials, Hiring, and Applicant Tracking News
new report from Unum which explores the impact of caregiving on the current workforce, found that 55% of caregivers are employed for more than 30 hours a week outside of their caregiving responsibilities and more than half (52%) have been late or missed work. Caregivers would like employers to be accommodating to their needs; 67% would like flexible hours from their employers, 50% request paid family leave, and 42% would like the ability to work from home.
 
According to HR Executive, companies are seeing benefits from using artificial intelligence in talent acquisition. The article sites Johnson & Johnson which saw a 13% increase of female hires through the use of AI. HR Dive suggests that features offered by artificial intelligence, such as advanced filtering, allow for more equitable hiring practices while chatbots allow employers to quickly screen applicants.
 
The latest Commercial Construction Index by the Chamber of Commerce and USG corporation shows that 90% of contractors are concerned about labor shortages. The report also finds that contractors are highly confident about the demand for commercial construction, and also hold high expectations of revenue gains.
 
recent study by Visier Insights found that millennials in managerial roles are two-thirds less likely to resign than millenials in non-managerial positions. Millennial managers who have been promoted in the last two years resign 3.1% less than the average millenial, while those who have not been promoted resign 5.2% more often than average.
 
While many companies conceal salaries when posting jobs, a report from Glassdoor highlights 18 companies that have taken a more open approach when posting their positions on the website.
 
An article in HR Dive suggests that employee engagement can be increased through concerted efforts from employers to fully incorporate workers into the organization’s foundation, helping them clearly understand their purpose within the company.

 
General HR News
new survey from Upwork indicates that two-thirds of companies have employees who work remotely while only 57% of companies do not have remote working policies. In another survey, employees reported that they are 77% more productive when working outside of the traditional office. Experts say remote working is only going to increase and employers need to create policies to ensure productivity.
 
new report by Robert Half revealed an increase in promotions without raises. In 2011, 22% of employers regularly promoted workers without raising their salaries and 55% of employees were willing to accept such promotions. In 2018, the follow up study showed an increase in both numbers, to 39% and 64%, respectively. Males between the ages of 18 and 34 are most likely to receive this type of promotion without a pay raise.
 
Google’s parent company, Alphabet, has rejected an employee-backed proposal to tie pay to diversity goals according to recent reporting from U.S. News and World Report. Some of the company’s shareholders had sided with employees in arguing that the gender pay gap and lack of diversity would hurt the company’s ability to remain a competitive employer.
 
An article in The Wall Street Journal suggests that while a majority of large employers provide education assistance benefits, less than 10% of employees use the programs, often because of a lack of clarity of what the program offers. (The Wall Street Journal subscription required)
 
An article in HR Dive discusses implications of SurveyMonkey and other employers’  decisions to provide benefits to gig workers. Most in question is the lack of consistency in differentiating regular employees and gig workers and the benefits that insurers are willing to cover.

 
Employer Partnerships/Company Innovation
Facebook announced plans to expand education programs to 1 million people by 2020 through expanding "Facebook Community Boost" digital trainings to 50 U.S. cities; creating local partnerships with 20 community colleges; adding Boston to its list of 40 partnership locations; and offering free e-learning resources as well as digital-skills training on their "Learn With Facebook.” platform.
 
Forbes recently launched the Learn@Forbes online learning program to help professionals build skills and knowledge as needed. Using the Bridgepoint Learning Platform, they currently offer 60 courses in leadership, entrepreneurship, business, sales, IT, cybersecurity and software. Participants can also earn certifications or continuing education credits for a select group of courses offered.
 
LinkedIn Learning announced their latest tool, Learning Pro, which allows L&D professionals to embed their own third-party content into the LinkedIn Learning Platform. The new tool will also allow HR professionals to track mobile usage versus desktop usage as well as other key indicators to gauge for the effectiveness of their training programs.

 
Startups, Innovation, and Investment News
TalentPool, a London-based recruitment platform received a $1 million investment in a funding round led by Niche Invest. The investment will help the start-up launch their platform later this year as well as help bolster the sales and marketing team and strategies.
 
Workday, an HR platform, acquired Adaptive Insights for $1.55 billion. The company will integrate Adaptive Insights tool into its existing platform. This acquisition came less than a month after Adaptive Insights filed its IPO.

 
Macroeconomic Trends and Public Policy
A new report by the Bureau of Labor Statistics indicates that, as of May 2017, 5.9 million U.S. workers held contingent jobs, representing 3.8% of the workforce. Despite the impression that the gig-economy is growing, the report shows a consistent decrease in contingent employment from the last report in 2005.

 
Other
With the U.S. at its lowest fertility rate since 1987, employers are recognizing the shrinking workforce. While automation and AI are expected to help mitigate the effects of a drop in employees, employers will need to compete with one another to attract workers. Policies like paid family leave and flexible work are expected to increase with the higher demand for workers.
 
Entrepreneur shares advice from Gail Corder Fischer, of the real estate company Fischer & Company, who began her career with McDonalds at the age of 14 and navigated her way through the male-dominator sector to become the co-founder and executive vice-chairman of the company.
 
LinkedIn announced plans to offer military spouses year-long free access to LinkedIn Premium for one year after making a permanent change-of-station move, under a new partnership with the Defense Department. This subscription will also allow access to over 12,000 LinkedIn Learning courses.