Experiment 1

Preparing for the

Skills Economy

The world is evolving away from having lifelong relationships with employers who define our identity and own our careers to a world that does not require you to have a lifelong relationship with the same company, moving “up the ladder.” Loyalty to one corporation has become a reflection of the past as retirement benefits change and companies downsize or collaborate and restructure. Cutbacks in benefits and changes in tax structure are accelerating increased risk to the individual employee in the future. Furthermore, digital advances have transformed the way we think about our workplaces and demonstrated skill sets. Technology has changed the types of work available for people as well as the expectations of new hires in the future.

To complicate the situation, some employers argue that young professionals are not leaving college with the necessary set of skills to enter the workforce. The reality is that it may be more common in the future for young workers to not have permanent jobs. Contracts, skills-based work, free-lance, part-time, and adjunct positions are becoming more commonplace today than ever before. What is now referred to as the “side gig” may in the future evolve into a larger opportunity to take your professional skills or passion to an even greater potential. This shift is requiring a new skill set that future generations will need to embrace to be successful over time.

Moreover, as burnout and boredom in corporate life accelerate, the drive towards engaging and meaningful work becomes more relevant.