@HarvardHBS Prof, #ManagingTheFutureOfWork initiative ... Bama native, not digitally native. GIFT OF GLOBAL TALENT (https://t.co/TzkYx8bdzs).
Jun 23, 2020 • 7 tweets • 3 min read
A scary paper for our scary times … Kato and Sparber (commons.colgate.edu/econ_facschol/…) study the reduction in the number of #H1B visas in 2004 on NEW student enrollment into US schools
Before 2004, all foreign students could bank on getting an #H1B visa at graduation ... these guarantees evaporated, however, when the cap reverted 65,000 due to sunset clauses … except that specific agreements exempted students from five countries
Thank you to everyone who has followed along & engaged with us along the way
You can find all the classes at the end of this thread. We welcome thoughts & please share!
After a semester of work, students felt both optimistic and pessimistic about the future of work. Exponential growth of technology allows for unimaginable innovation - but linear change in our ability to adapt to that growth means institutions (and people) will be left behind.
I share a few key ideas from each class that sparked conversation.
Class 26 discussed @GTR_link's efforts to attract investment into the rural Mississippi region: hbsp.harvard.edu/product/818089…
MS' Golden Triangle Region holds a rich manufacturing history, but plant shutdowns and job losses hit GTR hard from the 1980s thru early 2000s.
GTR Link's mission is to restore jobs and create growth by attracting new companies (especially in advanced manufacturing).
I share a few key ideas from each class that sparked conversation.
Class 25 analyzed @wgu, an online college & credential provider with big ambitions (#819-093, forthcoming).
With costs spiraling & resulting skills often missing workforce needs, the US education system needs an overhaul. WGU addresses these problems by using online scale to offer lower prices ($6k/yr!) & being flexible enough to build/deploy new competencies quickly for students.
I share a few key ideas from each class that sparked conversation.
Class 24 looked at @GetIntoEnergy's work to assess skills gaps in the energy industry & develop pipelines to address them (case #818-081)
CEWD is a non-profit industry consortium born in 2006 to combat emerging industry-wide skills gaps (the "silver tsunami"). It has since developed innovation guides for energy companies to use to develop better talent pipelines and ensure up-to-date skills development.
I share a few key ideas from each class that sparked conversation.
Class 23 covered Jump-Starting America, @baselinescene & @jonathangruber1's plan to renew US cities thru innovation: amazon.com/Jump-Starting-…
Their plan is to invest $100bn into basic R&D in middle America cities to spur breakthrough innovations, attracting talented people and unlocking growth
Research supports the idea, and the authors harken back to the US post-WW2 prosperity when public R&D was much higher.
I share a few key ideas from each class that sparked conversation.
Class 22 looked at @CareerWiseCO's implementation of apprenticeships in Colorado & expansion to new states (case 319-001, forthcoming).
A recent report coauthored by @JosephBFuller and @Burning_Glass estimate 3m or more jobs in the US could benefit thru apprenticeships and provide holders greater upward mobility… While apprenticeships are popular in Europe, the models need to be fit to the US context to work
I share a few key ideas from each class that sparked conversation.
Class 21 examined the middle skills gap & discussed ways employers can close it. @JosephBFuller's Bridge the Gap: hbs.edu/managing-the-f…
Bad middle skills pipelines are costly: attrition costs colleges $16bn & bad hiring costs employers $150bn. There are many reasons:
-The pipeline has leaks
-Signals w/in the system are weak
-Skills become obsolete faster today
-Education is expensive
-US public investment is low
I share a few key ideas from each class that sparked conversation.
Class 20 looked at policy proposals for potential job displacement like UBI, federal job guarantees, and an expanded EITC (case 819-035).
With tech reshaping the economy, policies like UBI & a federal job guarantee have become popular as ways to boost the safety net & handle change. Class considered three key features of these policies: whether they are universal, means-tested / targeted support, or work-connected.
I share a few key ideas from each class that sparked conversation.
Class 19 was our second discussion of students' plans to manage the future of work! We discussed mini-cases based on their companies. @rex_change uses AI to match home buyers to sellers & offer a lower fee. It's working to allocate tasks - eg use agents or gig workers to show homes? Class also wondered: is lower cost REX's selling point or is its matching tech what brings the real value? rexhomes.com
I share a few key ideas from each class that sparked conversation.
Class 18 considered management in the future of work context, including how to build stronger talent pipelines (HBS primer forthcoming).
Businesses often create their own problem: by imposing unnecessary barriers to employment (eg, degree inflation, not having "care culture"), they drive up the cost of their own labor.
Instead, firms should adopt supply chain principles in thinking about how they develop talent.
I share a few key ideas from each class that sparked conversation.
Class 17 put our case studies in context by examining the economics of the future of work. #ManagingTheFutureOfWork meets #econtwitter!
Workers' prospects have diminished over the past 50 or so years, particularly at the middle-skill level:
-Inequality has grown
-Labor's share of the pie and wages have declined
-Overall labor force participation, especially among prime age males, has peaked and is declining.
I share a few key ideas from each class that sparked conversation.
Class 16 discussed @ChickenTakeover's approach to talent development & its plans for growth (Case No. 819-078): politico.com/magazine/story…
Based in Columbus OH, Hot Chicken Takeover makes delicious Nashville Hot Chicken… yummy, esp with Miss B's banana pudding to follow!
I share a few key ideas from each class that sparked conversation.
Class 15 considered @STRIVRlabs' approach to improving training using virtual reality: hbsp.harvard.edu/product/E590-P…
Originally targeting NFL QBs, STRIVR now provides VR training for Walmart's frontline workers. It made this pivot because the prep process is the same: replicate setting, minimize cost of failure, & practice makes perfect. All translate to *anyone* improving work performance.
I share a few key ideas from each class that sparked conversation.
Class 14 discussed the future of unions and organized labor.
Union membership has steadily declined over the past 50 years, but the majority of class predicted union ranks would hold steady or grow by 2030. Why? 1) Unions could provide training for skills acquisition, which is vital to future of work…
I share a few key ideas from each class that sparked conversation.
Class 13 was devoted to students' plans to shape the future of work! We discussed mini-cases based on their companies.
1: @conveyiq's candidate management system. Well-positioned in the market, ConveyIQ sees automated text & video interview analysis as a big growth area. Class worked on requirements for tech performance & whether recruiters would feel augmented or replaced conveyiq.com
I share a few key ideas from each class that sparked conversation.
Class 12 looked at Walmart's efforts to compete in the age of ecommerce, including by revamping its workforce (case 819-042).
The Great Recession hammered lower-skill workers: even in the recovery, employment numbers have been lagging. Walmart, the US' largest private employer, employs a significant proportion of lower-skilled workers - changes it makes have national impact.
I share a few key ideas from each class that sparked conversation.
Classes 10 & 11 focused on the care economy. Check out @JosephBFuller & Manjari Raman's recent report: hbs.edu/managing-the-f…
Demographic trends have reshaped the economy. Rising women's LFPR was the largest driver of US GDP growth since the 60s, but this force has plateaued and the population is rapidly aging. The Care Economy is vital for keeping the workforce strong in numbers and productivity.
I share a few key ideas from each class that sparked conversation.
Class 9 continued our discussion of the contingent worker economy, incl Google's "shadow workforce" of contractors: vox.com/2018/12/7/1812…
TVCs (temps, vendors, contractors) make up ~50% of Google's workforce. TVCs recently protested that they deserve similar benefits (healthcare, paid vacations) & information (they're excluded from town hall meetings & other internal communications) as FT workers they work beside.
I share a few key ideas from each class that sparked conversation.
Class 8 discussed @GoCatalant, an agile operating platform for knowledge workers that serves many top US companies: hbsp.harvard.edu/product/817103…
Co-CEO @BiedermanRob discussed how Catalant provides access to scarce skills through gig work, especially for firms outside talent clusters, and the infrastructure to support project-based work.
The class forecasted the share of gig work w/in large employers to double by 2030.
I share a few key ideas from each class that sparked conversation.
Class 7 looked at global talent & knowledge flows in today's economy, picking up on their importance to ING and Osaro.
The Big Shift, by @jhagel, @jseelybrown & @langdavison, argues that quality access to flows of knowledge are now more important than accumulated stocks. After vigorous debate, the class agreed with a recipe of 80% flow / 20% stock for today's businesses. hbr.org/2009/07/the-bi…