September 5, 2019
Arnav Singh is a Competitive and Market Intelligence Specialist at Ceridian. He has more than five years of market intelligence experience and conducts extensive research and analysis on the HCM industry.
Employees who want to learn a skill or take a new course may often face challenges finding the right content in their organization’s learning management system (LMS). HCM industry analyst Josh Bersin refers to this as the “problem of discovery” and, ironically, it was the primary driver for the evolution of the LMS in the first place. However, most LMS systems were designed to serve as content repositories within organizations and were never intended to be employee-centric.
As more millennials and Generation Z are now entering the workforce, they expect a learning experience at the workplace that is similar to their experience with on-demand video streaming platforms such as YouTube and Netflix. This has spurred organizations to search for alternatives to LMSs and the learning experience platform (LXP) seems to be a promising option.
In simple terms, an LXP is a content delivery system that is designed to make it easy for employees to find and consume all types of learning content, whenever and wherever they may need it. To meet its goal of providing learning “in the flow of work”, an LXP must have the following key capabilities:
In contrast, an LMS is primarily used as a content cataloguing system to provide a fixed set of learning courses that employees can choose from. Employees using the LMS are often required to complete these courses based on a pre-defined deadline and cannot share their knowledge. This is because the LMS was designed to focus on business rules and compliance, and not on enriching the employee experience.
The changing world of work has brought in new technologies such as artificial intelligence (AI) and machine learning, which are leading to the fourth industrial revolution and fueling a need for reskilling to build a next-gen workforce.
McKinsey estimates that digitization, automation, and advances in AI will force as many as 375 million workers, or approximately 14% of the global workforce, to switch occupations by 2030. The World Bank notes that investments in learning and reskilling initiatives will be critical to ensure that individuals remain competitive in the new world of work. This would also provide organizations access to the high-quality talent they need to continue driving innovation and growth.
Attracting and retaining top talent is a persistent challenge for organizations and it will only intensify in the near future. The World Economic Forum’s 2018 Future of Jobs Survey reveals that 75 million jobs are likely to be displaced by 2022 in 20 major global economies, while technological advances lead to the creation of 133 million new roles.
As organizations scramble to realize the full potential of these changes, approximately 54% of all employees will need to reskill or upskill by 2022 to be considered suitable for these new opportunities. According to PwC, the critical skills necessary for thriving in the future of work are:
With its focus on enhancing the employee learning experience by giving them greater control over what, where, and how they choose to learn, the LXP is ideally suited to address these challenges.
An employee learning system is only as good as the content it provides. A good LXP must not only provide recent and relevant content, but also recommend the required content to meet the evolving learning needs of the employees.
Bersin by Deloitte states that content curation is both an art and a science. It involves the identification of relevant information for a specific target audience and contextualizes and organizes this information before presenting it to the users.
According to International Data Corporation (IDC), employees typically spend about 9.5 hours a week searching for learning content, so content curation and aggregation helps them reduce time spent on finding content and helps focus their attention on what they need to learn.
Content creation, curation, and aggregation continues to be the biggest hurdle that organizations typically face while preparing to implement an LXP. Learning and development managers can either create their own learning content or engage with an external vendor based on their needs. However, the key steps they must take to build a successful LXP are:
To learn about other key HCM trends, download Ceridian’s 2019 Human Capital Management Trends report.