White Paper reveals details of new talent model designed for IR4 challenges

4 Oct 2019 11:50 AM | Anonymous member (Administrator)

Miami Beach, October 4, 2019: The Talent Transformation Guild today released its first white paper on the Talent Transformation Pyramid. This open-sourced model is designed to help organizations manage talent needs for the fourth industrial revolution. Its ongoing development is supported by the Talent Transformation Guild.

Entitled, Talent Transformation Pyramid; Leading Talent to the Top, the new white paper is available free from the Talent Transformation Guild website at http://bit.ly/pyramidwhitepaper

This White Paper explains how the Talent Transformation Pyramid offers a holistic model to enable organizations to have a more strategic approach to meet Industry 4.0 challenges. It also includes powerful insights into the repercussions of the Gig Economy and the changing world of work.

The model brings together the 12 factors that support performance and illustrates their relationship and hierarchy so that everyone can share the same map for success. Some solutions only consider around half of these factors, strangely ignoring many situational and personal issues such as personality traits, emotional intelligence, and even behaviors.

Both the pyramid model and the white paper were produced by Eric Shepherd who is an established expert learning, assessments, and standards. Shepherd explains: “Automation has transformed the landscape of work and tasks we do. But counter-intuitively, given the fact that the 4th industrial revolution is driven by that automation, success will demand a more diverse set of social and soft skills. These include emotional intelligence, adaptability, curiosity, and creative thinking.”

Shepherd also recognizes other factors in the changing world of work. "The Gig Economy, made possible by digital platforms, is providing more autonomy for individuals. It also gives more flexibility for organizations that only want to pay for skills when they need them. That means it’s more important than ever for us to understand and navigate the factors that support readiness and performance. Providing learning opportunities will allow better opportunities for the worker, high-skilled employees for the employers, and build commissions for the gig platforms. Our new world cherishes hard skills. But values social skills just as much. With automation being part of the problem, it can also be part of the solution. This is where the Talent Transformation Pyramid comes in.”

The white paper references data from the World Economic Forum, a strong advocate for upskilling with individuals and organizations seeking to develop new skills and new ways of working. Other key references include McKinsey and Deloitte’s report on preparing tomorrow’s workforce for the fourth industrial revolution.

The paper has been made available by the Talent Transformation Guild, an organization established to connect HR professionals, coaches, and consultants via webinars, articles, conferences. It also oversees and promotes the development of the open-source Talent

Transformation Pyramid (CC) framework. You can find out more about the benefits of the Guild here: https://talenttransformation.com/benefits If you are interested in sponsoring the Guild, email us at sponsors@talenttransformation.com. For general membership inquiries, email: members@talenttransformation.com. Alternatively, you can call directly via +1-305-305-7535

About the Talent Transformation Guild

The Talent Transformation Guild provides resources for professionals that are preparing for upskilling being triggered by 4th industrial revolution and accelerated by Covid-19. Members include c-level executives, human resource professionals, consultants, and coaches. As a member-driven organization it promotes best practices via webcasts, webinars, podcasts, articles, white papers, research and conversations to improve and make the best of the talents of individuals for the benefit of themselves and the organisations they work for.

The Guild enable stimulating and meaningful discussions to help professionals prepare for talent transformations at individual, team and organizational levels. The Guild supports the Talent Transformation Pyramid, an open source model, designed specifically to recognize the widest possible range of talent influencers and skills. To date many decision-makers are caught in traditional, linear thinking and immediate concerns to consider this. The Talent Transformation Pyramid enables you to address the challenge by promoting more strategic thinking with a focus on an organization’s readiness to perform. https://www.talenttransformation.com/

About the Future of Work

According to the World Economic Forum, new and emerging technologies are affecting our lives in ways that indicate we are at the beginning of a Fourth Industrial Revolution. This new era will build and extend the impact of digitization in new and unimaginable ways. The Fourth Industrial Revolution can be described as the advent of “cyber-physical systems” involving new capabilities for people and machines. This will see new ways for technology to become embedded within societies and even our bodies.

With process automation, robotic automation, the internet of things the nature of work will change. Some analysts predict that more than 40% of tasks currently performed by humans will be delegated to machines. This does not mean that 40% of people will be put out of work but it does mean that most workers will have to upskill. HR experts are predicting this will dramatically change the landscape of our workforce.

About the Guild's Founders

Eric Shepherd an accomplished leader of international businesses and associations focused on talent, assessments, and success. Eric recently stepped away from a CEO role where he worked to build a SaaS company into a multi-million-dollar international assessment software business. Eric has also led industry and standards initiatives to promote best practices for assessments, learning, and interoperability. He currently serves as Chair of the IEEE P1484.20.2 working group developing Recommended Practice for Defining Competencies. Eric has previously served on Boards and working groups for:

  • HR Open Standards that defines interoperability standards for HR technology.
  • Association of Test Publishers and the European Association of Test Publishers that represents providers of tests and assessment tools.
  • The IEEE P1484.20.1 Standard for Learning Technology—Data Model for Reusable Competency Definitions working group.
  • IMS which defines interoperability standards for educational technology. 

Eric was instrumental in developing the IMS QTI interoperability standard and assisted with the US Department of Defense Advanced Distributed Learning (ADL) initiative to define the Sharable Content Object Reference Model (SCORM) and the Aviation Industry Computer-Based Training Committee (AICC) to define launch and track standards for Learning Management Systems.

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