According to The 2018 State of Leadership Development Report published by Harvard Business, organizations that view learning and development initiatives as critical to business success are continuing to perform higher than their peers on crucial metrics such as revenue, market position, and future growth.
Thomas Reilly, VP of Learning at CompTIA, joined BenchPrep CEO Ashish Rangnekar to present at digitalNow in Austin, TX. Lifelong learning has become an economic imperative for professionals. Millennials are expected to hold more than a dozen jobs throughout their careers and because of this, they cite training and development as their #1 job benefit (ahead of items like flexible work hours and cash benefits).
Technology and automation advancements are quickly changing the types of roles companies need to hire for and the skills required to fill those roles. As this shift occurs, both employees and organizations are becoming increasingly aware that they will need to set new expectations for what a typical career path might look like.
According to population projections from the U.S. Census Bureau, Millennials are expected to become the largest living adult generation by 2019. By 2025, they will represent 75% of the workforce. As generational compositions in the workforce transform quickly, organizations must adapt and be prepared to meet Millennials’ expectations. This group of tech-savvy, ambitious, once considered young generation, has grown up and are no longer kids. As adults, Millennials exhibit an entrepreneurial, fast-paced spirit and are eager for mentors and professional coaching that can help lead to career development opportunities.
I wrote this article nearly 3 years ago about the evolution of MOOCs and their impact on the learning space. As it turns out, we’ve seen this trend continue to grow today. Over the past 8 years, the MOOCs landscape has grown to include 9,400 courses, 500+ MOOC-based credentials, and more than a dozen graduate degrees. MOOCs have increasingly become a viable training option and have had a sizable impact on training organization’s ability to efficiently and cost effectively train their professionals.
