Page 34 - Global Focus, Issue 2, 2018
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EFMD Global Focus_Iss.2 Vol.12
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          Needs of a new workforce                 Professional and industry bodies, employee
            Employer-employee loyalty is not what it once   and employer groups, as well as large corporations
          was. The millennial employees – keen to explore   demand (or even offer their own) bespoke
          their talents and broaden their horizons – are   programmes addressing these changing
          seemingly reluctant to commit to a single employer   educational needs. And private education providers
          beyond a few years. They want multiple careers   and consultants jumped into this void. Both
          throughout their working lives. Meanwhile,   employees and employers want programmes
          employers – still reeling from the global financial   that signal verified, educational attainment.
          crisis of 2008 – prefer a more “casualised” work   This is where universities stand to gain much.
          force to scale their employment needs to economic   A reputable tertiary education institution
          conditions.                            significantly reduces information asymmetry in
            While those two ambitions may seem to   staff recruitment. Universities are quality accredited
          complement each other, it is nevertheless a clash of   to determine what level of depth in learning needs
          generations that has the potential to undermine the   to be achieved before a degree can be meaningfully
          stability of workforce roles. And it has implications   awarded. That quality assurance extends to the
          for employee training and graduate recruitment    accreditation of stackable learning modules
          skill sets.                            by awarding a badge, a certificate or a (micro)
            In response, employees want to regularly update   credential.
          their professional knowledge and skills either
          for career advancement or for career change.   Mosaic programmes – realising the
          Employers want ready-to-deploy work skills and   comprehensive university
          they want to regularly upskill their staff to better   From shared roots in medieval times and the
          adapt to changing roles, tasks and technology.   Renaissance, our university disciplines have over the
            The immediate benefit from supporting staff    last century or so increasingly separated through
          to pursue lengthy (part-time) masters degree   specialisation – in research as much as in their
          programmes is considered increasingly limited in   teaching programmes. That’s about to change.
          achieving those goals. At worst, those programmes   The identification of grand challenges and
          encourage staff to seek new opportunities, change   wicked problems have forced university research
          careers and leave.                     programmes to reconsider the wisdom of pursuing
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