26 June 2019  Hotel Icon
Greater China Talent Management Summit 2019
The Learning Corporate  Imminent Challenges and
Mapping Towards the Future of Work

The Learning Corporate  Imminent Challenges and Mapping Towards the Future of Work

Few leaders have reached where they are without learning their way to the top. For all employees to grow, leaders need to turn every team and department into a learning organization thats energized by change and well equipped to adapt. The opportunity to develop skills and knowledge is on the top list of important factors to today's workforce. The most progressive organizations are recognizing learning is as much about recruitment and retention as it is about development. Building a culture of learning in the workplace is vital to retaining talented employees and facilitating meaningful digital transformation within organizations.

View Learning and Development as an Employee Benefit and Bait for Talent Engagement Strategy for the Millennial

Learning and development can be a key differentiator between companies competing for talent. Employees want to work for organizations that provide personal and professional development, and they consider it a deciding factor when looking for new employment or determining if they should stay with their current employer.

According to the survey in the book The Expertise Economy: How the Smartest Companies Use Learning to Engage, Compete and Succeed, 62% of CEOs believe that theyll need to upskill at least a quarter of their employees over the next five years in order to stay competitive. Those employees also seek lifelong learning: 91% of Generation Z employees view professional development and employee engagement as leading factors when theyre picking a company to work for.

Learning and development plays a critical role in engaging and retaining employees. This specially holds true to Millenials employees who are motivated more by the opportunity to develop their skills and knowledge than by trendy perks, informal work environments, and even money. A recent Gallup report revealed that 59% of Millennials say opportunities to learn and grow are extremely important to them when applying for a job. According to Deloitte, Millennials who are satisfied with their development opportunities are twice as likely to stay with a company than those Millennials who are unsatisfied.

To meet millennial expectation, learning must move beyond its current state, which is too often outdated and irrelevant. For L&D professionals, this means providing the right kind of learning experiences to support their employees lifelong pursuit of up-skilling and re-skillingwhich differs in some ways from traditional learning.

The current challenges Corporate is facing when creating a learning strategy

Unlike college courses or traditional on-the-job training programs, todays learning isnt happening in a predetermined time and it doesnt end on a schedule. In fact, in most cases, formal learning wont succeed for those who have a general understanding of the topics at hand. By embracing performance-adjacent learning tools, which aim to minimize friction and disruption by making it easy to access information and return to a normal workflow quickly, business leaders can create L&D programs that are both relevant and empowering for employees.

Furthermore it is crucial to apply the tenets of adult learning, such as ensuring that its highly relevant to the learners needs and provides an opportunity for self-assessment, is a mustregardless of the learners' skills level, title, or where they are on their learning journey. To ensure that employees can succeed at what their employer needs today and tomorrow, L&D leaders must design learning experiences and ecosystems that align with learners' needs.

The reality that L&D teams is facing is that they must free themselves from the notion that formal learning (in-person or online) is the only way to deploy a corporate learning strategy. Here are some of the present key challenges L&D professionals are facing when creating a corporate learning strategy:

  • Designing Learning Environments For Multiple Proficiency Levels
  • Increasing Learner Engagement And Motivation
  • Learning Modalities Are Not The Same At All learners Stages
  • Avoiding Ambiguous learning Objectives
  • Measuring Training Success
  • Integrating learning and development

Creating a Learning Culture - Develop Leadership Competencies for Future Organizational Goals.

In a learning culture, management and HR work together to define the values, processes and practices that employees, departments and the organization can use to increase their performance and competencies. The knowledge and skills acquired and applied by employees is shared freely in a learning culture, creating a sustainable and adaptable organization.

To maintain the continued competitiveness of the company, management must target employees who can take over future leadership roles. For current employees, immediately begin training on leadership development, communication and problem-solving skills. If they arent already, HR can target job candidates with leadership potential in all their talent acquisition efforts. Management can help develop future leaders and managers as soon as new employees enter the door by providing mentors and helping them to build professional networks. Improving your leadership development program helps you build teams that are agile and capable of evolving with the times.

The Role of HR in the Learning Corporate

HR leaders are uniquely positioned to take up a leadership role in corporate learning and development in several aspects:

  • Vision & Mission  Define the corporate learning philosophy, vision and mission that develop competencies that are aligned with future organizational goals.
  • Engagement & Communications - HR should be experienced at driving cross-functional, organizational learning initiatives with broad scope and complexity.
  • Culture Change - HR is the steward of organizational culture and resident change management expert.
  • Organizational Effectiveness - HR understands changing workforce demographics and their effect on organizational capacity to attract and retain top talents. They also know what sort of structures and processes work best for an organization and how to implement these changes.
  • HR Capabilities  Development of key HR capabilities to drive learning and create sustainable assessment best practice and performance reward system.

Forum Panel Discussion

Learning and Development Moving Towards the Future of Work  Skilling of Future Work Force

According to the World Economic Forums Future of Jobs Report, by 2020 more than a third of the desired core skill sets of most occupations will be comprised of skills that are not yet considered crucial to that job today. AI and automation will have a profound impact on the future of work. With rapid advances in AI however, this is increasingly taking place not just in the physical space but in the cognitive realm. The World Economic Forum further suggests that, As entire industries adjust, most occupations are undergoing a fundamental transformation. While some jobs are threatened by redundancy and others grow rapidly, existing jobs are also going through a change in the skill sets required to do them.

The future of work and learningand how these interactpermeate all aspects of society. Although this need for a paradigm shift in learning may seem apparent to many, competing viewpoints and approaches to solutions has led too often to isolated pockets of innovation; not the system-wide transformation required for success. Moreover, the current system of education and workforce development, including skills training, is lagging behind the innovations of the 21st century to date and, without intervention, will continue to lag behind the rate of innovation in the future.

As job functions evolve in this new paradigm, skill sets are relevant for shorter and shorter periods of time. The increase in AI and automation requires ongoing up-skilling and re-skilling in order to move humans up the value chain.

Questions for panel discussion

  • Will new types of jobs be created to match the rate of loss to automation?
  • How should students and employees prepare for jobs we do not yet know will exist, and the constantly fluctuating demand for skills?
  • What skills do employees need to develop to be more resilient to changes in the workforce?
  • How can ongoing skills development be more flexible, accessible and relevant?
  • What role should employers play in ongoing workforce development?

Key Sharing Points

The Conference with invited insightful speakers of the topic will share their cases and discuss the following key points:

  • Developing the next generation of leaders to drive change and remain competitive
  • Adapting HR strategies to the next generation of workers
  • Top L&D trends and current challenges
  • Future of Corporate Trainings: best practices
  • Improving Productivity via L&D Digitalization
  • Talent Management and Talent Development in a Digital World
  • Putting HR at the heart of your Companys Cultural Transformation

Who Should Attend

CLOs, VPs/Heads/Chiefs, CHROs, Presidents, CEOs, Directors, Managers, Professors and other Specialists with the following expertise:

  • Talent & Knowledge Management
  • Learning & Development
  • Performance Management
  • Talent Solutions
  • Education & Training
  • Human Resources
  • Instructional Design
  • Employee Development
  • Leadership Development
  • eLearning
  • Training & Coaching
  • Learning Technology
  • Employee Experience & Engagement
  • Innovation
  • Organizational Effectiveness
  • Continuous Improvement
  • People & Culture
  • Corporate Universities

References:

  • https://www2.deloitte.com/content/dam/Deloitte/il/Documents/human-capital/HR_and_Business_Perspectives_on_The%20Future_of_Work.pdf
  • https://elearningindustry.com/why-corporate-learning-strategy-foundation-solid-talent
  • https://www.expertiseeconomy.com/about/
  • https://www.gallup.com/workplace/236438/millennials-jobs-development-opportunities.aspx
  • https://www.mckinsey.com/business-functions/organization/our-insights/putting-lifelong-learning-on-the-ceo-agenda
  • https://www.mckinsey.com/business-functions/organization/our-insights/getting-ready-for-the-future-of-work