
Millennials will form 50% of the workforce in 2020, and the majority value training and development and a healthy work/life balance over salary.
This is according to a major survey of 4,000 graduates from PwC, which found that nearly a quarter (22%) of respondents rated training and development as their number one benefit. Flexible working followed with 19% claiming it was most important, while cash bonuses ranked third (14%).
The report Millennials at work, reshaping the workplace also showed that 72% of those born between 1980 and 2000 have also had to make some sort of compromise in terms of location, salary or industry to get into work.
Jon Andrews, Partner, PwC says: “Millennials want more than ‘just a job’. They expect rapid progression, a varied and interesting career, and constant feedback.
An intentional mix of formal and informal learning strategies might be just what your company needs.
In the East, it is said that people who are yin are creative, passive, and easygoing. When they tend to lethargy, they are encouraged to become more yang. On the other hand, those who are yang are seen as active, precise, and controlled. They are nudged to strive toward yin. It is acceptable to never find balance between yin and yang, but instead to always seek, reflect, and add elements of the other.
Running learning like a business requires a focus on three things: right outcomes, effectiveness and efficiency. You must make sure you are focused on the right organizational outcomes and that you can develop and execute programs to produce the desired results. But you also must do this efficiently, meaning at lowest cost. This is where advances in learning delivery, especially all the possibilities offered by e-learning technologies, can really have an impact. Emerging e-learning technologies offer incredible opportunities to reduce costs while still effectively producing the desired outcomes.
Synchronous learning stands out in this category.
Organizations invest billions annually on a success curriculum known as "leadership development," which ends up leaving so much on the table. Training and development programs almost universally focus factory-like on inputs and outputs — absorb curriculum, check a box; learn a skill, advance a rung; submit to assessment, fix a problem. Likewise, they leave too many people behind with an elite selection process that fast-tracks "hi-pos" and essentially discards the rest. And they leave most people cold with flavor of the month remedies, off sites, immersions, and excursions — which produce little more than a grim legacy of fat binders gathering dust on shelves.
What if, instead of stuffing people with curricula, models, and competencies, we focused on deepening their sense of purpose, expanding their capability to navigate difficulty and complexity, and enriching their emotional resilience?
You may not have noticed, but a new era is quietly dawning on the training industry. It represents a change that is both profound and permanent. For the very first time, learners have the ability to take control of his or her own learning experience.
So what’s responsible for this shift in the learning landscape? It’s the advent of new technologies, social platforms, and the search engine. The search engine has become a near ubiquitous tool of the 21st century. Surfing the Internet has become everyone’s favored solution for resolving information challenges large and small.