Our meeting on March 7, the first in a series led as a joint effort between the U.S. Chamber of Commerce Foundation and Lumina Foundation, kicked off an eight month sprint of work to improve the talent marketplace. All of the organizations involved are experts on today’s emerging technologies, such as semantic web standards (e.g., linked data), distributed ledger technologies (e.g., blockchain), artificial intelligence, and machine learning. We know that these technologies have the power, if leveraged properly, to transform the talent marketplace and drive future innovation.
Technology has transformed a lot of the things we do at work, but learning and development (L&D) has mostly stuck with the status quo. To attract and retain necessary talent, employers would be wise to nurture a learning culture and revisit their L&D strategy to make learning a strategic asset.
Economic mobility rests on the opportunities that individuals are granted or seek out. Education plays a big part of that, which is why many professionals are now looking for continuous ways to improve their skillsets. But how do you validate that people have earned what they say they've earned? The reality is that people lie about their credentials. The solution? Use advanced technology to make credentials trackable and unfakeable.
That work is going well and is spurring a more comprehensive transformation of the public schools and greater alignment between higher education programs and business needs. But the payoff is long term. Meanwhile, manufacturers have more immediate skill needs that are not being met. So, ConxusNEO is now focusing on those needs as well. The starting point for meeting those immediate skill needs is reliable and actionable information about which jobs are most difficult to fill and what skills those jobs require. But that information turns out to be in short supply, creating a missing link at a crucial point in the talent supply chain. Enter, the Talent Pipeline Management (TPM) Initiative.
The world is changing in profound ways. This change has brought with it growth, opportunity, and job creation, as well as new risks for workers and communities. For many of these risks, we are ill equipped to manage them. These are the risks that have fueled economic anxiety and job insecurity.