Affordability and Microcredentials — from the-job.beehiiv.com by Paul Fain
Cutting costs for short-term credentials with course sharing and, perhaps, federal money.

‘Bespoke, e-Commerce-Enabled Storefronts’
Demand for nondegree credentials has risen. But it can be expensive and tricky for colleges to create their own workforce-relevant courses and certifications. Homegrown microcredentials also may be more likely to fall flat with students and employers, particularly in competition with professional certificates from big brands like Salesforce or AWS.

Acadeum, an online course-sharing company, is betting that a networked marketplace will be a better option for its 460 college and university partners, which include a growing number of community colleges. Beginning last month, those colleges can tap into 380+ online certificates, certifications, and skills-training courses.

“Skills Marketplace lowers the barrier of entry for institutions to self-select only the certifications that align their program offerings to meet student and workforce demand,” says David Daniels, Acadeum’s president and CEO.

 

Announcing the 2024 GSV 150: The Top Growth Companies in Digital Learning & Workforce Skills — from prnewswire.com with information provided by ASU+GSV Summit

“The world is adapting to seismic shifts from generative AI,” says Luben Pampoulov, Partner at GSV Ventures. “AI co-pilots, AI tutors, AI content generators—AI is ubiquitous, and differentiation is increasingly critical. This is an impressive group of EdTech companies that are leveraging AI and driving positive outcomes for learners and society.”

Workforce Learning comprises 34% of the list, K-12 29%, Higher Education 24%, Adult Consumer Learning 10%, and Early Childhood 3%. Additionally, 21% of the companies stretch across two or more “Pre-K to Gray” categories. A broader move towards profitability is also evident: the collective gross and EBITDA margin score of the 2024 cohort increased 5% compared to 2023.

See the list at https://www.asugsvsummit.com/gsv-150

Selected from 2,000+ companies around the world based on revenue scale, revenue growth, user reach, geographic diversification, and margin profile, this impressive group is reaching an estimated 3 billion people and generating an estimated $23 billion in revenue.

 

Skills-Based Hiring: The Long Road from Pronouncements to Practice— from burningglassinstitute.org

While headlines trumpet the demise of the college degree, our joint report with Harvard Business School Project on Managing the Future of Work reveals a different reality. Many companies have announced dropping degree requirements, but sustained hiring changes remain elusive for most. This report identifies where the reality of Skills-Based Hiring is lagging well-meaning ambitions, and shows which companies are getting it right.

 

6 work and workplace trends to watch in 2024 — from weforum.org by Kate Whiting; via Melanie Booth on LinkedIn

Excerpts (emphasis DSC):

The world of work is changing fast.

By 2027, businesses predict that almost half (44%) of workers’ core skills will be disrupted.

Technology is moving faster than companies can design and scale up their training programmes, found the World Economic Forum’s Future of Jobs Report.

The Forum’s Global Risks Report 2024 found that “lack of economic opportunity” ranked as one of the top 10 biggest risks among risk experts over the next two years.

5. Skills will become even more important
With 23% of jobs expected to change in the next five years, according to the Future of Jobs Report, millions of people will need to move between declining and growing jobs.

 

A Community Micro-Credentials Effort Connects Students to Local Employers — from gettingsmart.com by David McCool

Key Points

  • Partnering credentialing opportunities alongside pre-existing regional initiatives is a great way to get buy-in and create momentum.

***

When Polk County schools began focusing on career and technical education in the spring of 2023, one of their goals was to help students succeed in the workplace by offering the opportunity to develop soft skills and earn micro-credentials to communicate with potential employers. The district collaborated with Education Design Lab, Muzzy Lane, Polk Vision, the Central Florida Development Council, and Southern New Hampshire University to make this dream a reality.

In its first few years, this collaboration has not only taught students valuable skills but has also provided employers with new recruitment opportunities and a linkage to a talent pipeline that they otherwise wouldn’t have had.

 

Vocational training programs for special education students teach work, life skills — from edsource.org by Lasherica Thornton
Programs also foster acceptance in the community

Through hands-on experience at the hotel, students gain skills to work in the housekeeping and hospitality industry – whether at El Capitan or elsewhere – after they graduate. And they develop life skills for adulthood.

This is not the case with Merced County’s program which, instead, integrates students into the housekeeping career, making it one of a few in California and across the nation to do so. The program now serves as a model for other districts aspiring to integrate students with disabilities into careers and society.

Fong said the year-long program is critical for the students “to be in the actual field,” get on-the-job training and be able to model employees’ behavior, which in turn provides them with real world experience while allowing them to interact with others.


From DSC:
This hits home for my family and me. We are entering a phase of our youngest daughter’s life where we need to help her build life skills. This type of program is excellent — highly relevant to many families out there.


 

The future of learning — from moodle.com by Sonya Trivedi

Self-directed and continuous learning
The concept of self-directed and continuous learning is becoming increasingly popular, reshaping our approach to knowledge and skill acquisition in both formal education and workplace settings. This evolving landscape reflects a world where traditional career paths are being replaced by more dynamic and flexible models, compelling learners to adapt and grow continuously.

The Future of Learning Report 2022 highlights this shift, noting the diminishing concept of a ‘career for life.’ With regular job switching and the expansion of the gig economy, there is an increasing need for a workforce equipped with a broad range of skills and the ability to gain qualifications throughout their careers. This shift is underlined by learners increasingly seeking control over their educational journeys, understanding that the ongoing acquisition of knowledge and skills is essential for staying relevant in the rapidly changing world of work. Reflecting this trend, a significant portion of learners, 33%, are choosing online platforms for their flexibility and ability to cater to individual needs and schedules.

From DSC:
The next paragraph after the above excerpt says:

Much like how companies such as Uber and Airbnb have reshaped their respective industries without owning traditional assets, the future of education might see universities functioning as the ‘Netflix of learning.’ In this model, learners comfortably source their educational experiences from various platforms, assembling their qualifications to create a personalised and continuously evolving portfolio of skills??.

But I don’t think it will be universities that function as the “Netflix of learning” as I don’t think the cultures of most institutions of traditional higher education can deal with that kind of innovation. I hope I’m wrong.

I think it will be a new, global, lifelong learning platform that originates outside of higher education. It will be bigger than higher education, K12, corporate training, or vocational training — as such a 21st-century, AI-based platform will offer all of the above and more.

Learning from the living AI-based class room


Slow Shift to Skills — from the-job.beehiiv.com by Paul Fain

Real progress in efforts to increase mobility for nondegree workers is unlikely during the next couple years, Joseph Fuller, a professor at Harvard University’s business school who co-leads its Managing the Future of Work initiative, recently told me.

Yet Fuller is bullish on skills-based hiring becoming a real thing in five to 10 years. That’s because he predicts that AI will create the data to solve the skills taxonomy problem Kolko describes. And if skills-based hiring allows for serious movement for workers without bachelor’s degrees, Fuller says the future will look like where Texas is headed.


Report: Microcredentials Not a Strategic Priority for Many Colleges — from insidehighered.com by Kathryn Palmer
A new report finds that while most colleges surveyed embrace alternative credentials, many have a decentralized approach for creating and managing them.

While the majority of colleges focused on online, professional and continuing education have embraced alternative credentials, a significant number of those institutions haven’t made them a strategic priority.

That’s one of the key takeaways from a new study released Monday by UPCEA, the organization previously known as the University Professional and Continuing Education Association. University Professional and Continuing Education Association.

“While a lot of institutions want this, they don’t necessarily all know how” to deliver alternative credentials, said Bruce Etter, UPCEA’s senior director of research and consulting. “Embracing it is great, but now it needs to be part of the strategic plan.”


The Higher Learning Commission’s Credential Lab — from hlcommission.org

HLC’s Credential Lab


10 higher ed trends to watch in 2024 — from insidetrack.org by

Trend 1.
Linking education to career paths

Trend 2.
Making sense of the AI explosion

Trend 3.
Prioritizing mental health on campus

…plus 7 other trends


North Carolina’s Community Colleges Make a Big Bid to Stay Relevant — from workshift.opencampusmedia.org by Margaret Moffett
The system is poised to ask state legislators to overhaul its funding formula to focus on how well colleges prepare students for high-demand, well-paying jobs.

The new formula would pay a premium to each college based on labor-market outcomes: the more students enrolled in courses in high-demand, high-paying workforce sectors, the more money the college receives.

Importantly, the proposed formula makes no distinction between curricular courses that count toward degree programs and noncredit continuing education classes, which historically offer fewer slots for students because of their lower FTE reimbursement rates.



Supporting Career and Technical Education — from bloomberg.org via Paul Fain

The American job market is changing. A high school diploma is no longer a ticket to a good job now, an increasing number of employers are offering “middle-skill jobs” that require more than a high school diploma but less than a bachelor’s degree. Industries like health care, IT, advanced manufacturing, and financial services continue to see sustained growth at all levels, and they need workers with the experience and the credentials to fill new positions. Bloomberg Philanthropies is investing in programs that help young people get the specialized training they need through internships, apprenticeships, academics, and work-based learning.

 

Four Disruptive Trends For Higher Ed In 2024 — from michaelbhorn.substack.com by Michael B. Horn

  1. More colleges will close or merge.
  2. Online learning will continue to have its moment, but a shakeout is beginning.
  3. Big colleges and universities will get bigger.
  4. Apprenticeships will gain more traction outside of the trades.

Speaking of higher education and disruptions, also see the following item — via Ray Schroeder on LinkedIn:


Experts predicted dozens of colleges would close in 2023 – and they were right — from hechingerreport.org by Olivia Sanchez
Even more colleges will likely close in coming years as enrollment problems worsen

Though college enrollment seems to be stabilizing after the pandemic disruptions, predictions for the next 15 years are grim. Colleges will be hurt financially by fewer tuition-paying students, and many will have to merge with other institutions or make significant changes to the way they operate if they want to keep their doors open.

At least 30 colleges closed their only or final campus in the first 10 months of 2023, including 14 nonprofit colleges and 16 for-profit colleges, according to an analysis of federal data by the State Higher Education Executive Officers Association, or SHEEO. Among nonprofits, this came on the heels of 2022, when 23 of them closed, along with 25 for-profit institutions. Before 2022, the greatest number of nonprofit colleges that closed in a single year was 13.


 
 

Our AI predictions for 2024 — from superhuman.ai by Zain Kahn
ALSO: How to create videos with ChatGPT

  1. AI-generated video becomes a reality
  2. AI will become an essential skill for job seekers, as employers rush to adopt AI
  3. AI will unlock new use cases for smartphones, as more efficient models enable AI features on smaller devices
  4. AI models will become smaller, cheaper and multimodal
  5. Expect drama — a lot more drama

Morgan Stanley predicts that AI will affect 40% of the workforce in the next 3 years.

 

How Workers Rise — from the-job.beehiiv.com by Paul Fain
A look forward at skills-based hiring and AI’s impacts on education and work.

Impacts of AI: Fuller is optimistic about companies making serious progress on skills-based hiring over the next five to 10 years. AI will help drive that transformation, he says, by creating the data to better understand the skills associated with jobs.

The technology will allow for a more accurate matching of skills and experiences, says Fuller, and for companies to “not rely on proxies like degrees or grade point averages or even the proxy of what someone currently makes or how fast they’ve gotten promoted on their résumé.”

Change is coming soon, Fuller predicts, particularly as AI’s impacts accelerate. And the disruption will affect wealthier Americans who’ve been spared during previous shifts in the labor market.

The Kicker: “When people in bedroom suburbs are losing their six-figure jobs, that changes politics,” Fuller says. “That changes the way people are viewing things like equity and where that leads. It’s certainly going to put a lot of pressure on the way the system has worked.”

 

Learners’ Edition: AI-powered Coaching, Professional Certifications + Inspiring conversations about mastering your learning & speaking skills

Learners’ Edition: AI-powered Coaching, Professional Certifications + Inspiring conversations about mastering your learning & speaking skills — from linkedin.com by Tomer Cohen

Excerpts:

1. Your own AI-powered coaching
Learners can go into LinkedIn Learning and ask a question or explain a challenge they are currently facing at work (we’re focusing on areas within Leadership and Management to start). AI-powered coaching will pull from the collective knowledge of our expansive LinkedIn Learning library and, instantaneously, offer advice, examples, or feedback that is personalized to the learner’s skills, job, and career goals.

What makes us so excited about this launch is we can now take everything we as LinkedIn know about people’s careers and how they navigate them and help accelerate them with AI.

3. Learn exactly what you need to know for your next job
When looking for a new job, it’s often the time we think about refreshing our LinkedIn profiles. It’s also a time we can refresh our skills. And with skill sets for jobs having changed by 25% since 2015 – with the number expected to increase by 65% by 2030– keeping our skills a step ahead is one of the most important things we can do to stand out.

There are a couple of ways we’re making it easier to learn exactly what you need to know for your next job:

When you set a job alert, in addition to being notified about open jobs, we’ll recommend learning courses and Professional Certificate offerings to help you build the skills needed for that role.

When you view a job, we recommend specific courses to help you build the required skills. If you have LinkedIn Learning access through your company or as part of a Premium subscription, you can follow the skills for the job, that way we can let you know when we launch new courses for those skills and recommend you content on LinkedIn that better aligns to your career goals.


2024 Edtech Predictions from Edtech Insiders — from edtechinsiders.substack.com by Alex Sarlin, Ben Kornell, and Sarah Morin
Omni-modal AI, edtech funding prospects, higher ed wake up calls, focus on career training, and more!

Alex: I talked to the 360 Learning folks at one point and they had this really interesting epiphany, which is basically that it’s been almost impossible for every individual company in the past to create a hierarchy of skills and a hierarchy of positions and actually organize what it looks like for people to move around and upskill within the company and get to new paths.

Until now. AI actually can do this very well. It can take not only job description data, but it can take actual performance data. It can actually look at what people do on a daily basis and back fit that to training, create automatic training based on it.

From DSC:
I appreciated how they addressed K-12, higher ed, and the workforce all in one posting. Nice work. We don’t need siloes. We need more overall design thinking re: our learning ecosystems — as well as more collaborations. We need more on-ramps and pathways in a person’s learning/career journey.

 

Microsoft New Future of Work Report 2023 — from microsoft.com by various authors; via Stefan Bauschard

Throughout 2023, AI and the future of work have frequently been on the metaphorical – and often literal – front page around the world. There have been many excellent articles about the ways in which work may change as LLMs are increasingly integrated into our lives. As such, in this year’s report we focus specifically on areas that we think deserve additional attention or where there is research that has been done at Microsoft that offers a unique perspective. This is a report that should be read as a complement to the existing literature, rather than as a synthesis of all of it.

This is a rare time, one in which research will play a particularly important role in defining what the future of work looks like. At this special moment, scientists can’t just be passive observers of what is happening. Rather, we have the responsibility to shape work for the better. We hope this report can help our colleagues around world make progress towards this goal.
.

Microsoft New Future of Work Report 2023

Excerpt:

Analyzing and integrating may become more important skills than searching and creating 
With content being generated by AI, knowledge work may shift towards more analysis and critical integration

  • Information search as well as content production (manually typing, writing code, designing images) is greatly enhanced by AI, so general information work may shift to integrating and critically analyzing retrieved information
  • Writing with AI is shown to increase the amount of text produced as well as to increase writing efficiency (Biermann et al. 2022, Lee et al 2022)
  • With more generated text available, the skills of research, conceptualization, planning, prompting and editing may take on more importance as LLMs do the first round of production (e.g., Mollick 2023).
  • Skills not directly to content production, such as leading, dealing with critical social situations, navigating interpersonal trust issues, and demonstrating emotional intelligence, may all be more valued in the workplace (LinkedIn 2023)
 

Nearly half of companies say they plan to eliminate bachelor’s degree requirements in 2024 — from highereddive.com by Carolyn Crist
Many employers are dropping degree requirements to create a more diverse workforce and increase job candidate numbers, survey results show.

Forty-five percent of companies plan to eliminate bachelor’s degree requirements for some positions in 2024, according to a Nov. 29 report from Intelligent.com.

In 2023, 55% of companies removed degree requirements, particularly for entry-level and mid-level roles, the survey shows. Employers said they dropped these requirements to create a more diverse workforce, increase the number of applicants for open positions and because there are other ways to gain skills.


Fitch Ratings issues deteriorating outlook for higher ed in 2024 — from highereddive.com by Natalie Schwartz
The credit ratings agency cited high labor and wage costs, elevated interest rates and uneven enrollment gains across the sector.

Dive Brief:

  • Fitch Ratings issued a deteriorating outlook Monday for U.S. colleges and universities in 2024, citing high labor and wage costs, elevated interest rates and uneven enrollment gains across the sector.
  • These challenges will limit colleges’ financial flexibility next year, according to the credit ratings agency. Moreover, Fitch analysts expect only a 2% to 4% uptick in colleges’ net tuition revenue and said tuition increases likely cannot counter rising operating expenses.
  • The outlook expects the divide to grow between large selective colleges and their smaller, less selective counterparts. “Flagship schools and selective private institutions are expected to experience relatively steady to favorable enrollment, while some regional public institutions and less-selective private schools in competitive markets have experienced declines,” according to the analysis.

Credit rating agencies split on higher ed outlook in 2024 — from highereddive.com by Jeremy Bauer-Wolf
S&P argues economic conditions will stress regional institutions, though Moody’s says the sector is stable overall.

Dive Brief:

  • Two credit rating agencies are somewhat divided in their outlooks for U.S. higher education in 2024, with one arguing the sector has stabilized, while the other forecasts tough economic conditions for less selective, regional colleges.
  • Revenue growth from sources like tuition and state funding looks promising, Moody’s Investors Service argued in an analysis Thursday. S&P Global Ratings, however, said Thursday that only highly selective institutions will enjoy student demand and healthy balance sheets. Their less selective counterparts face enrollment declines and credit pressures in turn, S&P said.
  • Both organizations agreed that labor shortages and similar challenges will squeeze colleges next year. Higher ed is contending with a boom in union activity, while widespread faculty tenure “remains a unique sector risk, limiting budget and operating flexibility,” Moody’s said.

 

 

Education evolves to match the speed of tech innovation — from Tech predictions for 2024 and beyond — from allthingsdistributed.com
Higher education alone cannot keep up with the rate of technological change. Industry-led skills-based training programs will emerge that more closely resemble the journeys of skilled tradespeople. This shift to continuous learning will benefit individuals and businesses alike.

Similar to the software development processes of decades past, we have reached a pivotal point with tech education, and we will see what was once bespoke on-the-job-training for a few evolve into industry-led skills-based education for many.

We have seen glimpses of this shift underway for years. Companies like Coursera, who originally focused on consumers, have partnered with enterprises to scale their upskilling and reskilling efforts. Degree apprenticeships have continued to grow in popularity because education can be specialized by the employer, and apprentices can earn as they learn. But now, companies themselves are starting to seriously invest in skills-based education at scale.

All of these programs enable learners at different points in their career journey to gain the exact skills they need to enter in-demand roles, without the commitment of a traditional multi-year program.

But there will be many industries where the impact of technology outpaces traditional educational systems. To meet the demands of business, we will see a new era of industry-led educational opportunities that can’t be ignored.

From DSC:
It seems to me that this is saying that higher education is not able to — nor will it be able to in the future — match the speed of innovation taking place today. Therefore, alternatives will continue to hit the learning landscapes/radar. For example, Amazon’s CTO, Dr. Werner Vogels, mentioned Amazon’s efforts here:

Amazon just announced that it has already trained 21 million tech learners across the world in tech skills. And it’s in part thanks to programs like the Mechatronics and Robotics Apprenticeship and AWS Cloud Institute.

 
© 2024 | Daniel Christian