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The report is for in-house recruiters and HR professionals working within technology businesses. Alternatively, if you are looking to hire a technology professional in any other industry, this report will be useful to you.
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Businesses and educators know they need to prepare people for very different jobs in the future of work but are slow to revamp their training and educational models, according to our research. What’s needed are more flexible partnerships, predictive and agile approaches to curriculum change and digitally driven modes of delivery.
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SmartConnect helps you stay updated with the latest in the HR world including news, technology, compliances and more! Click below to read the edition for May 2018.
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To download the full report: http://eepurl.com/guJvA5
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SmartConnect helps you stay updated with the latest in the HR world including news, technology, compliances and more! Click below to read the edition for May 2018.
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IT Staff Augmentation Vs Delivery Teams: Know the advantages, disadvantages of both the outsourcing models and decide which one to choose for your company
Today, Asia-Pacific—and in particular the fast-emerging
nations in its midst—is once again taking centrestage in
the worldwide marketplace. This is the Asian century, and the region’s organisations—
as well as the talented individuals that lead them—
are going to need to adapt, fast.
The business outlook across Asia for 2014 looks set for a positive trajectory, but there are a number of uncertainties that will have many business leaders watching over their shoulders.
The latest Executive Outlook Survey 2014 from KellyOCG shows that while there is widespread agreement about continuing economic and business improvement, it is not unbridled optimism.
Global economic events and local Asian business sentiment are coalescing in 2014 to produce a whirlwind of possible scenarios for the world economy.
Engaging Active and Passive Jobseekers - A spotlight on Europe and Asia-PacificKelly Services
The Kelly Global Workforce Index (KGWI) is an annual global survey revealing opinions about work and the workplace. Almost 230,000 people across the Americas, EMEA and APAC regions responded to the 2014 survey.
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Today, project services staff with specialist skills in the IT, science, engineering and healthcare industries are among our most in-demand recruitment segments world wide.
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To download the full report: http://eepurl.com/guJvA5
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Reinvent your skill strategy to create a future-ready and future-proof workforce!
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“Customer experience and the future of work” is an MIT Technology Review Insights report
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a global survey of 800 senior executives to find out how organizations have reassessed
their customer experience (CX) workforce and processes in the post-pandemic era. The
respondents are distributed across 20 countries in North America, Europe, Asia, and Latin
America, and most have direct responsibility over CX functions in their organization. The
research also included a series of interviews with business executives and academics on
customer experience and the future of work. Ross O’Brien was the author of the report,
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2. Table of content
Þ What is Workforce Development?
Þ The importance of Workforce Development
Þ Different Workforce Development Strategies
Þ Global Talent Trends 2020
Þ Post COVID-19: The Future of Work
Þ Total Workforce Management (TWM) VS Workforce Development
Þ Implementing a Total Workforce Management strategy
Þ Influence of COVID-19 on TWM
Þ The Path Ahead: The New World of Work – 2020 and beyond
Þ How Xccelerated accelerates (Total) Workforce Development
Þ About the writer: background and sources used
3. Post COVID-19: The importance of (Total) Workforce
Development
5-10 minutes read. Based on research by The World Economic Forum (The Future of Jobs Report),
Gartner (Future of Work Trends Post-COVID-19), Mercer (2020 Global Talent Trends Study) and Ardent
Partners (The State of Contingent Workforce Management 2020).
What is Workforce Development?
Workforce development is considered an interconnected set of solutions to meet
employment needs. It can include changes to culture, changes to attitudes, and
changes to people’s potential that help to positively influence a business’ future
success. Workforce development is also sometimes referred to as employee
development and is considered an important aspect of business success.
Through workforce development you prepare your team with the skills necessary
for a specific type of job. It prioritizes the value of ongoing workplace education
and skills development, as well as addresses the hiring demands of employers.
Because the goal of workplace development is to place each person in jobs where
there are career development opportunities — and to nurture that development —
a company can ensure they have an adequate supply of qualified individuals for
their needs.
“By 2022, no less than 54% of all employees will require significant re- and upskilling. Of these, about 35% are
expected to require additional training of up to six months, 9% will require reskilling lasting six to 12 months,
while 10% will require additional skills training of more than a year.” - The Future of Jobs, World Economic
Forum
The importance of Workforce Development
Employee retention & attraction
4. The overview above illustrates the importance of an inclusive culture of lifelong
learning for development opportunities, to increase employee attraction and
retention – without taking the positive effect on your project into account. There
are three elements which play a crucial role for the implementation of re- and
upskilling within your Workforce Development strategy.
Þ Adopt the right mix of financing instruments
Invest in human capital development. Give employees a stake in their learning
through contributions towards training courses.
Þ Create learning modules that foster continued learning
Create modular learning programs that allow for rapid reskilling and upskilling as
demand evolves.
Þ Determine the role of different stakeholders
Create opportunities across sector alliances and business councils. Partner with
education actors to ensure access to a suitable talent pipeline with the right blend
of skills.
Different Workforce Development Strategies
As shown in the overview above, there are different type of strategies to
implement Workforce Development in order to address the shift in required
(future) skills of an organization’s team members. It ranges from hire new
permanent staff to applying new technologies, outsourcing by hiring external
consultants, automation of work through Artificial Intelligence – or train your
5. team on topics like Data Science, Machine Learning Engineering, Cloud
Development or Data Engineering. The research shown above was done by the
World Economic Forum in their “Future of Jobs Survey” in 2018. It goes without
saying that a lot of things have changed since then, given the rise of the
importance new technologies and the current impact of COVID-19.
Global Talent Trends 2020
By 2022, 85% of businesses are likely or very likely to have expanded their
adoption of user and entity big data analytics. Similarly, large proportions of
companies are likely or very likely to have expanded their adoption of
technologies, and to make extensive use of cloud computing.
Among the range of established roles that are of cloud engineering. Among the
range of established roles that are set to experience increasing demand in the
period up to 2022 are roles that are significantly based on and enhanced by the
use of technology, like Data & AI.
Thrive in uncertain times
We enter the new decade with a more expansive view of an organization’s purpose
and contribution to society. Leaders have a clear mandate to invest in reskilling
and well-being. As they continue to innovate, disrupt and redesign, it is clear that
existing approaches to workforce management are no longer sustainable. Hence, a
lot of research have by done by the World Economic Forum and other
international, independent organizations like Mercer and Ardent Partners to
accelerate organizational transformation.
Drawing on input from C-suite executives and HR leaders, the latest studies reveal
how organizations are transforming their workforce and workplace. Employees in
30+ countries also shared what helps them thrive in uncertain times. Together,
these 7,300+ voices highlight four key trends that will enable companies to
navigate the challenges of 2020 and beyond.
Þ Work together to ensure people thrive: focus on growth of careers and
teamwork, instead of solely the performance of the company itself.
Þ Transform the workforce: prepare for the future, enabling team members to
apply the latest technological developments.
Þ See ahead by augmenting Artificial Intelligence with human intuition: using
data science, machine learning engineering, data engineering and cloud
solutions.
Þ Inspire and invigorate people: motivate your team by offering e.g. Data & AI
traineeships / training / courses to futureproof their career.
6. Learning goals: the new deliverable for employers
People are already comfortable blurring work and life, so the next challenge is to
appreciate a blended work-learn model. If employees are ready and eager to reskill,
what’s holding them back? For the majority, it’s time. Almost all (87%) employees
experience barriers to reskilling. And the most commonly cited challenge is time
constraints (38%), followed by a preference to spend spare time in other ways
(35%).
HR Strategies for filling skill gaps VS employee perspective
As employees and (HR) executives look ahead, we see a clear shift in their
perception of reskilling — from a valued opportunity to an essential step in
remaining employable. As the reality of new technologies sink in and we witness
the economic aftermath of the pandemic, employees’ own market value moves
front of mind. When asked what helps them thrive, employees’ number one
response is recognition for their contributions, alongside opportunities to learn
new skills and technologies (43% and 42%, respectively).
Furthermore, 63% of employees say that they trust their company to invest in their
skills and 55% trust their organization to teach them the new skills they will
require should their job change or disappear. This notable shift in employee
outlook shows how employees equate investment in their marketability as part of
their total reward proposition. In an era of shifting market needs and uncertain
futures, continuous learning, job redefinition and redeployment have to become
part of the new work deal.
7. Post COVID-19: The Future of Work
The world of work is changing. Traditional concepts of how to engage, acquire, and
address enterprise talent have been replaced by innovative, on-demand strategies
to fill business’ skills-based needs, as shown above. And, with the transformative
mindset adopted by many of today’s executive leaders geared towards harnessing
the impact of the “gig economy”: the boundaries between full-time equivalent
(FTE) and contingent talent / external consultants starting to blur.
In this new world, the notion of the “blended workforce” has become a reality,
forcing organizations around the world to adopt more forward-thinking
approaches as to how to best manage all facets of their talent engagement, talent
acquisition, talent management, and contingent workforce management
strategies and programs.
The changing world of work dictates that executives rethink their mindset
regarding talent, as well as the underlying tactics to effectively drive total talent
visibility, real-time alignment of projects/requirements to expansive networks of
talent, and a baseline of Total Workforce Management (TWM) to prepare for the
future of work.
Total Workforce Management (TWM) VS Workforce Development
“It is critical that business take an active role in supporting their existing workforces through reskilling and
upskilling, that individuals take a proactive approach to their own lifelong learning. This is the key challenge
of our time.” - Klaus Schwab, founder and executive chairman, World Economic Forum
Due to the growing hybrid nature of the workforce – combining employees on the
payroll, flex workers and self-employed – total workforce management is more
important than ever. Its integrated approach to recruitment, retention and talent
management provides organizations a range of forward-looking benefits.
TWM is a standardized and centralized program for engaging, acquiring, sourcing,
and managing all types of talent via linked procurement and human capital
8. processes, integrated contingent workforce management and human capital
management systems, and utilization of total talent intelligence.
It is a growing trend but implementing a total workforce solution is a long-term
process. Rather than a one-time implementation, it’s most helpful to think of total
talent as an evolution. That evolution will look different for each organization as
they work to unite separate parts of a business into one unified strategy.
Implementing a Total Workforce Management strategy
While collaboration is a must for any total workforce management program, the
core attributes of any procurement or HR/HCM function are critical to the success
of TWM and helping to foster the value inherent in both flexible and permanent
workers. Cross-functional efforts are crucial in building long-term, effective
capabilities within total workforce management.
However, the respective knowledge brought to the table by each unit ensures that
all talent, regardless of its source, is progressing through the proper channels of
learning, development, project management, etc. With this aspect in mind, core
HR and HCM form a foundation for any TWM program.
With transformation an everyday reality, reskilling is the biggest opportunity and
challenge of the decade. Without accelerating our progress on the skills agenda,
we won’t have the talent to take advantage of the new jobs we’re creating. This is
both a business and an HR challenge, and it therefore demands organization wide
interventions to deliver results. Companies that unlock reskilling at speed and
scale will transform at a pace that leaves their competitors behind.
Influence of COVID-19 on TWM
The decade ahead presents businesses with major opportunities, considering the
innovations in technology and overall corporate strategy, particularly the shift
towards a more agile culture (78%), which revolves around new and dynamic
strategies, tools, and, critically, the transformation of the workforce.
9. The “skills factor” cannot be overlooked: 73% of enterprises today require higher-
quality and deeper skills and expertise in order to get work done. As research has
shown, many aspects will involve Data & AI: Data Science, Machine Learning
Engineering, Data Engineering and Cloud Development. Very few businesses in
2020 can safely state that they will always be prepared for new challenges and
issues given the range of skillsets across its current talent pool. Data & Artificial
Intelligence traineeships / training / courses are required to fill that gap, both
beneficial to companies and each individual employee to futureproof their career.
Most enterprises will eventually experience a sharp need for enhanced expertise,
as globalization, continued innovation, and uncertain economic times may force
them to reevaluate their current skills hierarchy. In fact, over half (52%) of
businesses will require new skills and competencies (see Figure 2 above). Thus,
the non-employee workforce will continue to grow in the months and years ahead
and critically impact how work is done due to more and more businesses tapping
into alternative labor sources for as of-yet-unknown expertise.
Outlook 2020 - post COVID-19
In 2020, talent, technology, and work are converging to transform the way
businesses find, engage, and source the workers they need. This convergence is
shifting the very foundation of how work is done. The non-employee workforce of
2020 demonstrates four key elements of change:
Þ The laser-like focus on skills, expertise, and how the business will react
to unpredictable market shifts.
Þ The impact of next-generation technology on how talent aligns with
work.
Þ Business agility, and the role of the agile workforce.
Þ The continued impact of the talent experience and worker
empowerment.
In fact, Figure 4 above highlights how these major attributes are top-of-mind for
executives and business leaders in 2020 and the major market shifts that are
ushering in a world of change in the labor market.
10. That the vast majority (72%) of companies are focused on new and unpredictable
skillsets is telling, as the contingent workforce of the future will surely be a relied-
upon source of talent. As the pace of technology progression, coupled with the
major economic, political, and social shifts in how businesses operate, presents a
frightening scenario for even the Best-in-Class organization: that they will be
woefully unprepared from a workforce and talent perspective in how they address
future skills gaps and unpredictable needs for volatile expertise requirements.
Since the non-employee workforce has long been a core strength for those
organizations that need unique and on-demand skills in short order, it will be
even more vital to those organizations in the years to come, especially in a post-
COVID-19 economy. The need for reskilling and upskilling (68%) is another
indicator of just how much the greater talent market has shifted.
The ability for businesses to adapt is more critical today than it has ever been, as
businesses that do not hold the necessary expertise required to thrive today must
figure out a means to quickly re-skill and upskill their workforce. As the “digital
enterprise” becomes a reality in 2020 and as the virtual workforce becomes a
necessity, enterprise leaders are starting to realize that they may not have the top-
tier skills needed to effectively deploy new technology. This disruption is fueling
the average organization’s laser focus on developing skills within its total
workforce.
The Path Ahead: The New World of Work – 2020 and beyond
Contingent workforce management has recently and rapidly undergone critical
changes. It is crucial that all businesses understand how the Future of Work will
push the non-employee workforce into new places, and comprehend the
technological, strategic, and cultural transformations that will impact them in the
decade ahead.
Total Workforce Management Strategies
Over the next several years, the following strategies will be leveraged to further
link the contingent workforce and the desires for work optimization and business
agility:
11. Þ Nearly 62% of businesses expect to implement an “integrated talent
strategy” into their CWM programs over the next two years.
Þ 58% of companies plan to fuse agile talent strategies into their greater
contingent workforce initiatives.
Þ 58% of businesses expect to integrate artificial intelligence (AI) into
their talent acquisition programs over the next two years.
Increase in remote work
Gartner analysis shows that 48% of employees will likely work remotely at least
part of the time after the COVID-19 pandemic, compared to 30% pre-pandemic. In
fact, 74% of CFOs intend to increase remote work at their organization after the
outbreak. To succeed in a world of increased remote work, hiring managers should
prioritize digital dexterity and digital collaboration skills. HR must consider how
the context of remote work shifts performance management, particularly how
goals are set and how employees are evaluated.
Expansion of contingent workers
A recent Gartner survey revealed that 32% of organizations are replacing full time
employees with contingent workers as a cost-saving measure. Utilizing more gig
workers provides employers with greater workforce management flexibility.
However, HR will also need to consider how performance management systems
apply to contingent workers as well as questions around whether contingent
workers will be eligible for the same benefits as their full-time peers.
“Perhaps most importantly, understanding the future of work is about understanding the permanent
workplace shifts post-COVID.” - Brian Kropp, Distinguished Vice President, Gartner
Digital staffing platforms represent the future of talent engagement
The traditional structure of digital staffing platforms followed simple “search-
and-select” functionality, helping businesses directly connect with available
independent talent. Today’s digital staffing platforms build on that classic
functionality to offer more than just on-demand access to top-tier workers. Ardent
expects that, within the next several years, digital staffing solutions will be just as
prevalent as their enterprise software brethren.
Þ Instruqt: An example of a Digital Staffing Platform
Skills development should be a high-priority item
Talent is undeniably a business’ top competitive differentiator. Full stop. As such,
a company’s workforce should drive innovation, spark business development, and
spur organizational evolution. In today’s talent-led climate, the very concept of
“skills” means something different than in years past: as technology progresses,
there will be an increased need for complex expertise that is not necessarily
readily available within the walls of the typical business.
12. Organizations must do whatever they can to tap into next-level skillsets and
expertise, whether it is by expanding talent pools, reskilling or upskilling staff, or
transforming talent engagement strategies to include younger generations
Þ Xebia Academy: An example of skill development programs within an
organization – also available for other companies
Total workforce management will become a necessary strategy
With 43% of the average organization’s overall workforce considered contingent or
non-employee, companies are running out of excuses to develop strategies related
to TWM. Although it can seem (on the surface) daunting to merge procurement
and HR competencies, the value is there: businesses that have developed TWM
programs can gain the best possible visibility into the total workforce, allowing
them to execute real-time decisions when talent-based needs arise.
These organizations have the ability to “see” the long-term makeup for their total
talent pool, being able to account for retirement, generational shifts, gaps in skills
or expertise, and so on.
Þ Xccelerated: An example of long-term modular Data & AI training programs
based on different needs
How Xccelerated accelerates (Total) Workforce Development
Xccelerated is proudly part of Xebia Group, located in Amsterdam, aiming to
eliminate the shortage of highly skilled Data & AI professionals. By offering
specialized, advanced training programs that combine working with learning, we
grow the careers of young professionals and help companies with their (Total)
Workforce Management implementations through two different solutions.
Grow your team
By hiring one of our Data & Artificial Intelligence specialists (Data Scientists, Data
Engineers, Machine Learning Engineers or Cloud Engineers) you will have quick
access to contingent workforce. Because our services include that they will join
our partner-organizations directly after 1 year, they’ll have access to long-term
internal solutions - when this is part of their strategy and/or would like to grow
the internal team eventually.
Train your team
Through our external Data Science training programs, Data Engineering training
programs or Cloud Development training programs, current teams within a
13. company are able to accelerate the (required) skillsets. A way to increase
retention, attraction of talent, and impact on data-driven projects – as part of a
TWM solution.
About the writer: background and sources used
Bart Wetselaar has a background in Business Administration, working in the
fields of recruitment, business development and training- & consultancy. As
Founder & Managing Partner of Xccelerated, he accelerates growth for both data-
driven organizations and young professionals within the fields of Data Science,
Data Engineering, Machine Learning Engineering and Cloud Development.
The content of this article has been based on research by independent companies,
which published their findings in the sources mentioned below.
Þ The World Economic Forum (The Future of Jobs Report - Employment, Skills
and Workforce Strategy)
Þ Mercer (2020 Global Talent Trends Study)
Þ Ardent Partners (The State of Contingent Workforce Management 2020)
Þ Gartner (Future of Work Trends Post-COVID-19)
Interested to know more?
Questions, feedback or wanting to discuss anything related to this article / the
services of Xccelerated? Feel free to contact me personally through Email or
LinkedIn.