Future Readiness Flashcards
What are 3 factors TD should monitor?
- External factors that influence organizational strategies and goals
- Internal factors and organizational decisions
- Talent-specific factors that directly influence talent development
What is one way TD can monitor external factors?
Through a PEST analysis
PEST analysis
a tool used for environmental scanning to identify, evaluate, and track factors that can influence an organization: political, economic, social, and technical opportunities and threats.
A first-time PEST analysis needs to be thorough; updates require less effort
Environmental scanning
the organized and deliberate study and interpretation of internal and external events and trends that could influence an organization.
Monitoring can provide early warnings of changing conditions that could identify threats and opportunities affecting the organization’s future.
What should be included when TD monitors internal factors?
organizational strategies and goals
organizational structure
products and services produced
the systems and processes that produce results
the organization’s growth rate
mergers and acquisitions
changes in leadership
changes in organizational structure
financial and budgetary issues
natural and man-made disasters
labor relations
Is this considered an Internal or external factor during environment scanning? natural and man-made disasters
Internal
Is this considered an Internal or external factor during environment scanning? labor relations
Internal
Is this considered an Internal or external factor during environment scanning? potential impacts on sales from a recession
External
Is this considered an Internal or external factor during environment scanning? technical opportunities
External
Is this considered an Internal or external factor during environment scanning? how fast the org is growing in the market
Internal
What are examples of talent-specific factors?
- employees owning their development
- the expectation that managers should develop their employees
- technology that enables content access
- TD partnership with the C-suite
- the need for just-in-time and point-of-work content
What ways that TD can monitor talent specific factors?
- staying in touch with professional orgs
- staying current with reading
- forming groups to explore the future
What are 3 forces that are driving change in the workplace?
- Reimagining performance management
- Democratization and transparency in the workplace
- Workplace digitization
How is reimagined performance mgt affecting TD?
Many orgs are opting for real-time, ongoing feedback. Shifting toward meeting employee needs and supporting future performance.
A change for TD would be decoupling development planning from performance review process.
How is democratization and transparency affecting TD?
TD will need to focus on who gets developed, how they are developed, and what capabilities become development targets.
In the future, development will include an array of services and resources available to everyone, inside and outside the org
We’re becoming more transparent because it’s nearly impossible to limit the spread of info. Employees and non-employees have access to a lot of info about the org, and if development options are not available to everyone it can be perceived as exclusive, thus decreasing engagement.
How is workplace digitization affecting TD?
WD is the advanced use of technologies to connect people and spaces to organizational processes. TD can be a trusted advisor as they decide on the best workplace technology and recommended value-add tools.
What are the goals of workplace digitization?
improve productivity
reduce costs
engage the workforce
encourage innovation
What are some recent changes that are shaping the future of the workplace? (7)
rapid technological changes
new, tougher competition
a demographically changing workforce
increased globalization
higher customer expectations
greater employee expectations
a constantly increasing rate of change
What are 9 dilemmas/needs TD professionals may face that are connected to the future of work?
Leadership gaps
Leadership skills
Connected world
Learning where the work is
Agile teams
Ecosystems
Employees work from everywhere
Reputation is critical
Analytics for increased efficiency
What is the dilemma of leadership gaps?
ongoing need to fill pipeline
Execs struggle with gaps at all levels of org
What is the dilemma of leadership skills?
Skills needed for tomorrow are very different
Include the need to quickly form and reform teams to resolve probs
Need skills of entrepreneurs, such as self-directed development and change management
What is the dilemma of connected work?
More connectedness between groups means more opps for info exchange and employee support. However, small orgs may not have the necessary systems for fully integrated data.
What is the dilemma of learning where the work is?
Continuous learning is taking over. How can TD professionals best create an environment conducive to learning? Important to work with sr. leaders to create this environment, introduce mentoring, coaching, and PSTs, and help learners take ownership over their own learning.
What is the dilemma of agile teams?
Future orgs will likely rely on self-directed teams made up of both contractors and FTEs. TD can support this model by providing awareness and development opps across the org.
