The skills gap is not just an employer engagement problem, it’s also a technology problem.
The T3 Innovation Network is made up of employer, education, and workforce stakeholders coming together to explore the talent marketplace of the future and the emerging technologies that will power it.
We must leverage today’s technology to better align learner, education, and workforce data to improve the talent marketplace.
The T3 Innovation Network has been organized to address challenges facing employers, learners, educators, and the technology vendors they use to manage and navigate the talent marketplace.
The United States is producing a record number of individuals obtaining a degree or workforce credential, yet 67% of employers can’t find qualified candidates to fill their open positions. To grow the economy we need to increase the proportion of Americans with high-quality degrees, certificates, and credentials that meet the needs of the ever-changing talent marketplace while ensuring that new approaches to closing the skills gap are transparent and equitable.
This network, which has been organized into four initial work groups, will explore the emerging technologies and standards in the talent marketplace today to better align student, workforce, and credentialing data with the needs of the economy. The work groups will identify the most promising opportunities to pilot test new and emerging technologies that improve transparency, trust, and efficiency for all stakeholders.
The T3 Innovation Network was established in partnership with the Lumina Foundation. The T3 Network builds on the work of the Chamber Foundation’s Talent Pipeline Management™ initiative and the work of the Lumina Foundation around credential transparency and more comprehensive learner records.
The Work in Progress
On March 7, the Chamber Foundation and the Lumina Foundation hosted a forum to discuss this initiative and the related challenges faced in today’s talent marketplace with over 60 individuals representing 43 organizations across businesses, colleges and universities, technical standards organizations, technology vendors, and human resource professionals.
As a part of this meeting, the work groups that are responsible for carrying out this initiative were established. Through July 2018, these work groups will meet virtually and in-person, and the results of those conversations will be shared publically as we move along. We invite any interested stakeholders to become a part of this process and contact us to join the virtual meetings. This effort is a collaborative opportunity that requires consideration of all voices in the talent marketplace to ensure a thoughtful result.
At the conclusion of the work groups, this network will produce a final report to outline recommendations and a plan of action for developing scalable solutions.
T3 Innovation Network Work Groups
The work of this network will be completed through four initial work groups, as outlined below. Each group will address their assigned challenge building off of the results of work group 1.
Work Group 1
Stakeholder Use Cases for Achieving Breakthrough Innovations: This work group will identify the problems to be solved through new and innovative applications of emerging technologies. Stakeholders involved in work group 1 include employers, colleges, universities, learners, and technology vendors.
Work Group 1 has completed their phase of work. Please find below, available for download, the final report summarizing their findings, which work groups 2, 3, and 4 will build upon. To make the information a little easier to digest, here are the high level takeaways:
- Identified 46 opportunities for employers, learners, and education and training providers to improve the functioning of the talent marketplace through the application of Web 3.0 technologies
- Determined seven technical challenges and issues that cut across multiple stakeholder use cases
- Provided example performance metrics for breakthrough opportunities that create shared value for employers, learners, and education and training providers
- Outlined four ethical considerations in exploring breakthrough opportunities in the talent marketplace
- Created a template to identify potential pilot projects and outlined an example of how this template could be used
Work Group 2
Exploring Sustainable Data Standards Convergence: This group will further explore ways to improve data standardization and best practices for aligning the communication of credentials, competencies, job profiles, resumes, and student records across emerging technologies.
- Webinars: May 16 and June 13 @ 11:00 am - 12:30 pm ET
Work Group 3
Developing and Analyzing Competencies: Will further analyze how competencies are developed, translated, and aligned in the talent marketplace to better communicate the use of competency data between employers, learners, and universities and colleges.
- Upcoming Webinars: May 11 and June 6 @ 1:00 - 2:30 pm ET
Work Group 4
New Architectures and Uses of Linked Individual-Level Data: Will identify the potential for learners to be in charge of their own data records while improving verification of their personal data through bundling emerging technologies.
- Webinars: May 17 and May 30 @ 1:00 - 2:30 pm ET
To join one or more of these work groups, please contact us at email@example.com.