{"id":64482,"date":"2018-09-07T07:16:46","date_gmt":"2018-09-07T11:16:46","guid":{"rendered":"http:\/\/danielschristian.com\/learning-ecosystems\/?p=64482"},"modified":"2018-09-07T13:06:37","modified_gmt":"2018-09-07T17:06:37","slug":"try-before-you-buy","status":"publish","type":"post","link":"https:\/\/danielschristian.com\/learning-ecosystems\/2018\/09\/07\/try-before-you-buy\/","title":{"rendered":"Try before you buy: “Education Up” colleges & universities are ill-prepared for the coming of “Employer Down”"},"content":{"rendered":"

Try before you buy<\/strong><\/a> — from\u00a0universityventures.com<\/p>\n

Excerpts:<\/em><\/p>\n

There are two reasons why the skills gap persists in a full-employment economy. On the student or candidate side, there is \u201cEducation Friction.\u201d Education Friction is why individuals fail to upskill themselves with the skills demanded by employers. This is a result of the time required to upskill, the cost, and \u2013 most important \u2013 the uncertainty of a positive employment outcome. The second and often overlooked contributor to the skills gap is \u201cHiring Friction\u201d on the part of employers; employers are increasingly reluctant to hire candidates without exact relevant experience.\u00a0The cost of a bad hire<\/a>\u00a0is higher than ever, as is\u00a0employee churn<\/a>, as is the\u00a0cost of replacing terminated employees<\/a>\u00a0\u2013 all of which have contributed to an increase in experience requirements for positions that should be (and once were) entry level.<\/p>\n

…<\/p>\n

From time immemorial, all serious education, training, and workforce efforts to close the skills gap have started by identifying missing skills, developing curriculum, and delivering programs. These \u201cEducation Up\u201d models are logical, but also easy. The hardest part of the skills gap is not identifying skills or skill building, but rather building the bridge to employers.<\/p>\n

…<\/p>\n

The urgent need to reduce Hiring Friction, coupled with the regulatory barrier to utilizing assessments at the top of the hiring funnel, is giving rise to new models that are the antithesis of \u201cEducation Up.\u201d These new \u201cEmployer Down\u201d models start with employers and the entry-level positions they need to fill, and eliminate Hiring Friction by allowing employers to try before they buy.\u00a0Staffing<\/a>\u00a0and\u00a0business services companies<\/a>\u00a0are hiring candidates themselves, providing\u00a0Last-Mile Training<\/a>, and placing newly-trained talent at the service of employers so they can try before they buy. Some Employer Down models add a new \u201cemerging talent\u201d product to an existing talent business (i.e., staffing or placement). Others establish\u00a0outsourced apprenticeship<\/a>\u00a0programs to add a talent dimension to an existing business service, which can boost pricing power, increase market share, and accelerate growth. What they have in common is that candidates are hired and trained by the provider and then, while remaining employed by the provider, perform work for clients; clients convert candidates to full-time employees only when they\u2019re good and ready. Here\u2019s what else they have in common: scalable business models built around the provision of proven entry-level talent.<\/p>\n

 <\/p>\n

\u201cEducation Up\u201d colleges and universities are ill-prepared for the coming of “Employer Down.”<\/strong><\/span><\/p><\/blockquote>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Try before you buy — from\u00a0universityventures.com Excerpts: There are two reasons why the skills gap persists in a full-employment economy. On the student or candidate side, there is \u201cEducation Friction.\u201d Education Friction is why individuals fail to upskill themselves with the skills demanded by employers. This is a result of the time required to upskill, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[113,387,174,209,127,115,302,36,3,310,66,212,206,214,367,299,445],"tags":[],"class_list":["post-64482","post","type-post","status-publish","format-standard","hentry","category-21st-century","category-business","category-career-development","category-changing-business-models","category-collaboration","category-colleges","category-community-colleges","category-future-of-higher-education","category-higher-education","category-staying-relevant","category-student-related","category-surviving","category-trends","category-universities","category-vendors","category-workplace","category-youth"],"_links":{"self":[{"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/64482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/comments?post=64482"}],"version-history":[{"count":11,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/64482\/revisions"}],"predecessor-version":[{"id":64493,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/64482\/revisions\/64493"}],"wp:attachment":[{"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/media?parent=64482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/categories?post=64482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/tags?post=64482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}