How can you better position yourself for success in today’s economy

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Just A third of tertiary students report having a great college experienceaccording to the 2022 Connected Customer Report. One of the main findings of the report was how students felt about their preparation for future of work. Nearly half of students (47%) reported choosing their institution for career prospects, but only 11% felt very ready to work. Students who feel well prepared are four times more likely to have a great college experience. In addition, nearly half of the students surveyed (49%) plan to continue learning through a higher education institution after graduation.

Better use of technology to enable flexible learning models has also been a key factor for student success. Students with a great experience reported having easy online access to data and resources (86% great experience vs. 49% bad experience), mobile services (82% vs. 61%), and positive digital experiences (81% vs. 36%) ), access to engagement platforms (80% vs 57%), and personalized experiences tailored to their needs (60% vs 11%). More than half (57%) of employees expect to increase flexible learning in the near future.

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To better understand what universities and colleges do to prepare students for the future of work, I contacted him Laila AwadAssociate Instructor and Assistant Principal at Babson College’s FW Olin Graduate School of Business. I also visited Babson College to meet and collaborate with graduate students. Babson College has been ranked #1 in entrepreneurship for both its undergraduate and MBA programs (US News & World Report) for more than two decades, and named Best College for Business Majors (Money Magazine).

Here is Lily Awad’s advice and perspective on how students and working professionals can better position themselves for success in today’s economy and the future of work:

Lily Awad and Lisa Messik

Laila AwadAssistant Instructor and Assistant Principal at the FW Olin Graduate School of Business, Babson College Lisa MessickLeadership and Career Coach, Business Strategy Consultant

That’s right, technology will turn our future upside down. In fact, we are already seeing this change, especially in the workplace. Just a few years ago we all moved to a virtual environment overnight. We learned a lot about ourselves during that process, and most importantly we were able to change. Now and in the near future we are expected to work with more complex technologies (think robotics, robotics, smart buildings). Change is exciting but sometimes overwhelming. This article presents techniques to help workers become flexible and adaptable during the dynamic age of work.

Is the world of work really people-centred and skills-based? According to future work Sophie Wade “The new age of work focuses on people as individuals… their different talents, needs, commitments, and motivations.” The Deloitte report calls the “new operating model for work and workforce” a skills-based organization “where skills are used rather than jobs as the basis for decision-making about work and the workforce.” Businesses today are hiring for skills, and people are moving to organizations that cater to their lifestyle.

Our understanding of the world of work is passing by. Yes, the world is changing and how we work is constantly changing with it, and today we see flatter organisations, more choices in the workplace, corporate investments in innovation and technology, and a business need for specific skills resulting in Refinement and refinement of skills to retain talent.

Another force of change will occur in our lives. We don’t know what the future holds, but we may be able to control how we respond. Adapting to the intent is key. Humans have adapted since the beginning of time. Dr. Rick Potts, paleoanthropologist and director of the Smithsonian Museum…We are the most adaptable species“.so even if shutting down the Covid days, working from home, and implementing new technology was difficult for some, it wasn’t impossible. People made it work for them, in their own way, and through a process of adaptation.

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How do we prepare for the unknown? Rehearsing how to adapt, perhaps through simulation (future simulation, anyone?) is an important way to prepare. The three-step process described here is based on methods designed and taught by him I and my colleague Lisa Messick It can help people adjust to the future of work:

  1. Harnessing Self Awareness: At Babson College, students are taught to use entrepreneurial thinking and action (ET&A®) to solve problems. ET&A® methods are used in every major across campus and even within student services. At the Alumni Center for Career Development, we design career education curricula with ET&A® in mind. Students are often asked to start with a personal mission statement: Why? If there are skills you enjoy using, how can you dream of a job that allows you to use those skills? Today’s Babson career education has also transformed to prepare students for different work environments – physical space, work location and work schedules are all the more important when applying, negotiating and accepting a job offer.
  2. Insight development: Understand that things change quickly, you may be able to predict when the change will occur, yet you can also be a part of the change. For example, if you find yourself in an unwelcome work situation, how do you use ET&A® to change that and, ultimately, design the experience you want? Totally understanding the difference between a chance and a bad situation is an exercise in self-awareness. Having self-awareness and the insight to predict your fit in a changing world is crucial. But developing insight is not an easy task. At Babson Lisa, I will be teaching workshops on how to prepare for the unknown using cases and simulations (stay tuned for part two of this article for how it goes).
  3. Building your community: We thrive on human communication. Build a community that helps you get information to develop insight, provides you with feedback, and supports you in achieving your causes. Start following thought leaders on social media. Scroll down to those accessible for one-on-one conversations. Being curious and learning how others are adapting can help you incorporate new strategies, and expanding your network can lead to more choices in the future.

These three tips are a starting point. In the new year, the Babson Alumni Center for Career Development will test this process in the classroom in an effort to keep students attuned to the ever-changing work landscape. Stay tuned for Part Two as Lisa and Lily share more about how organizations are doing their part to help shape future talent.

Co-author this article Laila AwadAssistant Lecturer and Senior Associate Director at Babson College’s FW Olin Graduate School of Business where she works with MBA and MSc students, designs and teaches career education curricula.

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