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Edcor Newsletter September 2024

EDCOR NEWSLETTER

Rethinking Workforce Development Strategy in the Age of AI

According to McKinsey’s 2024 Global Survey on AI, 91% of respondents (both users and nonusers) believe that AI has had or will have a positive outcome on their overall work experience aiding them in creativity, communication, critical thinking, and collaboration. However, just 13% of respondents reported that their organizations have adopted active use of AI (early adopters). Subsequently, the next inflection point in AI usage is going to be from experimenting with individual usage to integrating AI organization-wide to capture its strategic value and advantage. Based on their other research, 50% of work tasks today could be automated between 2030 to 2060.

The talent transformation would have to begin at the workforce development stage where HR leaders realize that AI is going to take over ‘tasks’ not ‘roles’ and they need to put the correct enablers in place to enhance the effectiveness of their workforce. The point is that AI is here to stay and has massive potential for business growth. With this and the emerging concern over the ethical usage and the possibility of this technology, HR needs to rethink its workforce development strategy to harness the true power of Gen AI.

To support HR in their upskilling agenda, Edcor has launched its Critical Pathways programs – many of which target these high-demand skills like Cybersecurity, Data Analytics, Machine Learning, Prompt Engineering, and the like. These programs are offered through Nationally accredited schools and education partners whom we have vetted for content and pedagogical success. These programs can be accessed by cohorts or individuals. Edcor plays a consultative role in helping clients fulfill their workforce planning and development needs through the Edcor School Network.

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CEO’S CORNER

Adrienne L. Way, Edcor Owner, President, and CEO

I can’t believe it’s already September. We’ve been busy here at Edcor, making sure we’re still on top of our goals for the year and providing impeccable service to our Clients and Learners as a team.

Investing in your employees goes a long way for recruitment and retention. Education benefits help you inch closer to those goals. To this end, I have always been a proponent of meeting the learners where they are in their educational journey and setting them on the path to success. Without a doubt, higher education is perceived as a gateway for career advancement and better financial opportunities in today’s competitive landscape. However, for many working professionals, going to school can be daunting because of the complexities of navigating educational systems and balancing personal and professional responsibilities.

To help learners overcome these challenges Edcor offers Academic Advising as a complimentary service with Tuition Assistance. It’s all about an individual’s journey and their goals – alongside it saves thousands of dollars for the employee and the employer.

Think Edcor. Think Possible.

Adrienne L. Way, Edcor Owner, President, and CEO

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