Insight Magazine The Future of Work | Page 39

4.0: sical Systems revolutions, it has often taken decades to build the training systems needed to develop major new skill sets on a large scale. Given the upcoming pace and scale of disruption brought about by the Fourth Industrial Revolution however, this luxury of time may simply not be an option. For example, current technological trends are bringing about an unprecedented rate of change in the curriculum for many academic fields, with nearly 50% of subject knowledge acquired during the first year of a technical degree outdated by the time students graduate. Further studies also suggest that the half-life of a learned skill (the amount of time it takes for a skill to reduce to half its value) continues to rapidly fall to five years. Therefore, rather than build rigid and formalised training programmes, experience suggests we need to be more agile in our approach to L&D, as the lines between industries and sectors blur and talent becomes more fluid. For example, a top coder will be pursued by both banks and technology firms. An engineer might be snapped up by a logistics firm. But where do you find them? And how do you train them? Tomorrow’s competitive company won’t be staffed with dragand-drop talent. Instead it requires a dynamic mix that allows flexibility and quick scaling, builds bench depth, provides career paths and enriches communities. This is The Adecco Group’s Triple B talent framework: Bring, Buy and Build. Think of Triple B as a litmus test, a set of questions that help you determine the right mix, whether you are a company, government or organisation. First, be clear what you are trying to achieve. Then define the kind of operations required and the timeframe. Page I 39