The Future Workplace Experience by Jeanne Meister & Kevin J. Mulcahy

Author:Jeanne Meister & Kevin J. Mulcahy
Language: eng
Format: epub
Publisher: McGraw-Hill Education
Published: 2016-11-07T05:00:00+00:00

Shift Mindset to On-Demand Learning

The education marketplace is going through a seismic shift. The size of the education market in the United States, as estimated by GSV (Global Silicon Valley), is $1.6 trillion. This is projected to grow to $2.0 trillion in 2020. When the cumulative five-year growth of the education market between 2015 and 2020 is examined by sector, we see that:

• The lifelong learning sector is projected to grow 30 percent (composed of companies enabling MOOCs and other differentiated learning experiences such as CAEL, Degreed, Grovo, Edcast, Lynda, General Assembly, Iron Yard, NovoEd, and Pathgather.

• Postsecondary education is projected to grow 15 percent.

• Corporate learning firms are projected to grow 6 percent.

It is no surprise that greater growth is expected for the lifelong learning sector, given the rate and pace of change that companies and their workers are experiencing today.

As we move to 2020, we foresee employees selecting employers based upon the breadth, depth, and access to lifelong learning and career development. The transformation of learning from designing formal training to creating on-demand learning experiences requires leaders of corporate learning to shift their mindset, budget, and resources from developing content to identifying learning from a number of open sources. This move from training to on-demand learning is depicted in Figure 6.2.

Figure 6.2 From training to on-demand learning

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