Academic Revolution

An Evolutionary

Step Forward

GIIM provides employee development (digital management education & training, see below) and talent management, as it delivers flexible certificates, post graduate diplomas, degrees, seminars, workshops, and events with the appropriate balance of academic rigor and practical relevance that address all of the following.

Economic uncertainty, tight talent markets, and the rising need for IT versatility have altered the IT hiring landscape.  Hiring tech talent now means navigating an uncertain economy, the effects of widespread tech industry layoffs, and candidates who want to work for a company with a mission and workplace culture that align with their values, including diversity, equity, and inclusion.


Organizations need to be more adaptability. Firms that want to innovate and grow while headcounts are in flux are looking to up-skill talent from within, promote their firm’s strengths to prospective candidates, and broaden their pool of potential hires from nontraditional backgrounds.

 

External hires are increasingly likely to leave after just a couple of years in a new role. Hiring managers should look within, because tech workers promoted internally tend to stick around longer. In the six months it takes to hire, onboard, and get a new employee up to speed, you can train someone into the role. The business keeps a high performer who would have left without the opportunity to advance. Internal training programs provided by GIIM and structured career paths tell employees that you believe in them and will invest in them.

INCREASED EARNING POTENTIAL


One of the main reasons people go back to school is the potential for promotions or career advancements that can lead to higher earnings. Statistics show that individuals with advanced degrees usually earn more than those with only a high school diploma or an undergraduate education.


Pursuing higher education can be a terrific investment in your future, giving you the flexibility to both explore completely new career paths or achieve greater professional advancement within your current field.



ELEVATED SKILLS SET AND EXPERTISE


Continuing your education or upgrading your skills will help you grow professionally and acquire the qualifications to better compete in your chosen field.


Many advanced degrees and certifications can help you gain more in-depth knowledge and training in very specific or technical areas, shaping you to become an expert in your field.


Also, a more specialized education can mean a better understanding of applicable theories, strategies, and management techniques in your industry. This could mean your supervisors trust you with more challenging work assignments or could lead to a promotion or a leadership role in your company.



WRAPPING UP



Whether you pursue a master’s degree or seek specialized training or certifications relevant to your specific industry, pursuing higher education opens doors to greater job satisfaction, career benefits, financial security, and job stability.


Higher learning is also a wonderful way to challenge yourself and build professional confidence. 

Despite a raft of recent high-tech industry layoffs and some squeamishness about the economy, the IT talent shortage remains an ongoing problem with no real end in sight. The frenetic pace of technology change, coupled with an ongoing shortage of STEM graduates, means there is a persistent dearth of qualified and skilled candidates to fill available jobs. Gartner expects demand for tech talent to continue to outstrip supply through 2026 based on its IT spending forecasts. Moreover, in a recent Gartner survey, 86% of CIOs said they faced stiffer competition for qualified tech candidates while 73% confirmed they were worried about IT talent attrition.

By 2030 more than 85 million jobs will go unfilled due to a lack of available talent, a talent shortage that could result in the loss of $8.5 trillion annual revenue globally. While automation may be able to fill some gaps, the study also posits that human capital will be just as important as automation in the future, leaving organizations without robust training programs subject to the whims of a talent market in short supply.

McKinsey calls talent “the holy grail of technology transformations.” It delivers the biggest business impact, but it isn’t easy to execute — and that might be why so many CIOs push it down on the priority list. But even if you’re ready to lead with a people-first approach, you can’t build your future-ready workforce if you don’t know what it should look like.  GIIM works with its affiliates to address this important initiative.

Having a digitally savvy top leadership team (that is, a team in which more than half of the executive members are digitally savvy) makes a huge difference. Our latest research shows that large enterprises with digitally savvy executive teams outperformed comparable companies without such teams by more than 48% based on revenue growth and valuation.

An organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage.

"Students who enter executive MBA programs have nearly 14 years of work experience and 8.5 years in management."

“The world is changing – education must also change. Societies everywhere are undergoing deep transformation, and this calls for new forms of education to foster the competencies that societies and economies need, today and tomorrow.”

- "Rethinking Education"

"Software and information technology jobs are up 4%. As more business is conducted online, companies of all sizes and in practically every industry need website designers, app developers, and data analysts. The rising demand for such workers has fueled the explosion in high paying software and IT jobs. But you don't need a degree from Stanford or MIT to be hired. Many companies are hiring graduates of 6-month boot-camps."

“Revolution Hits the Universities”

Thomas L. Friedman, NY Times

“I can see a day soon where you’ll create your own college degree by taking the best online courses from the best professors from around the world … paying only the nominal fee for the certificates of completion. It will change teaching, learning and the pathway to employment.”

College?  Maybe Not

Undergraduate college enrollment is down 5.95 overall. It is said that within the 18 to 20 age group, enrollment was down 7.2%  The center's executive director, Doug Shapiro, noted that colleges (undergraduate and graduate), high schools, and policy makers "will need to work together to help bring learners back into higher education."  The decline has occurred even though the trend of year-over-year tuition hikes reversed during the 2020-2021 academic year.  Still, the cost of education "remains a significant financial challenge for many families", according to U.S. News & World Report.  It is now the second-highest debt category behind mortgages.

“The only sustainable competitive advantage is an organization's ability to learn faster than the competition.”

3 Ways Graduate School Pays Off


  • Potential for higher earnings and career advancement.
  • Chance to build a professional network.
  • Opportunity for personal growth.

Education vs Training

People often use the terms “training” and “education” interchangeably. However, there is a vast difference between educating and training. Perhaps more important is recognizing that both are integral to any teaching/learning experience, albeit there are some jobs/responsibilities that demand more practical training than formal education, and vice-versa.  You can teach someone to code, design a database, and secure a system. But teaching is limited. To develop a leader, requires education.


Wikipedia suggests that training "refers to the acquisition of knowledge, skills and competencies as a result of the teaching of vocational or practical skills and knowledge that relate to specific useful competencies."  For example, training an individual on how to use Microsoft Project® or training an individual on how to properly respond to business partners (users) questions. In essence, training is focused on obtaining a specific skill. Training is taken to master a particular task or job and is mostly imparted to experienced IT professionals to help them become proficient with a particular technology.

Education, on the other hand, is defined in Wikipedia as “any act or experience that has a formative effect on the mind, character, or physical ability of an individual.” In essence, education is helping someone learn how to think, how to problem solve. For example, providing an individual with the theory behind different communication styles, an understanding of how others communicate based on their style, and helping them understand how to read a situation to understand how to best communicate influentially with other individuals.

The basic purpose of education is to impart knowledge about facts, concepts, events and principles. All of these form the foundation upon which skills learned later work effectively and efficiently. It is through these foundation concepts that candidates obtain the ability to solve more complex problems and become effective leaders and managers.


Education is typically measured by duration; for example you spent a day in the seminar or four years in college. Training, on the other hand, is typically measured by what you can do when you have completed it. Universities tend not to be responsive in providing a timely and appropriate balance of practical training and education, especially in today’s dynamic environment.


While seminars are often engaging, they are generally not the best way to change behavior. Most of the content in a traditional seminar flows in one ear and out the other. Researchers report that people remember 90 percent of what they do, 75 percent of what they say, and 10 percent of what they hear. Hence, while the appropriate balance of education and training is important, applying and validating new skills/concepts is essential (see Skills Validation below). Workshops combine many of the attributes of education, and seminars in that they provide a hands-on vehicle for applying the content of a course in a short time span.


The problem is, if we don't educate candidates before we train them, it could lead to difficulties. Consider how you learned to drive. You need knowledge of the laws and then the actual training of getting behind the wheel (e.g., aspects of driving and using different car parts such as the accelerator, clutch and brakes). The same can be said for learning about the birds and the bees; if the education part isn't done effectively, the training could lead to undesirable results. It is the appropriate balance of the two that is required for driving a car, the birds and the bees, as well as IT management.


GIIM focuses on helping people an organizations learn via education not training. Learning is about discovery. It is about building awareness, competencies, self-confidence, and interpersonal leadership attributes.


You can train someone on how to do tasks because the skills they require are often one-dimensional. However, people skills are multi-dimensional. They address issues such as relationships and attitudes that require an ongoing learning process instead of a single training event.


GIIM programs focus on IT leadership and management skills. Learning through education challenges people to develop awareness and gain insights. It encourages people to evaluate their actions and their way of thinking, and develops the ability to apply new skills in innovative ways. Training does none of these.


For a program to be successful, executives must be clear about what they want their people to accomplish when it's over. After all, the only reason to educate and train people is to help them meet specific work objectives, be better motivated employees, and prepare them for more challenging careers; especially in today's dynamic world. Organizations can't afford to leave those objectives unstated or to delegate deciding their people's objectives to others. GIIM has experienced mentors to work with executives and candidates to ensure the objectives are clearly defined and achievable.


Also, elite universities choose professors for their ability to do research. Tenure-track and tenured professors teach as little as they can, and often leave what used to be their core task to ill-paid adjuncts and inexperienced graduate students. Even when they enter the classroom, they offer courses so minutely specialized that the big practical questions never get discussed. GIIM leverages seasoned faculty from multiple leading universities (in addition to experienced practitioners) to teach its courses and provide a balance of academic rigor with practical relevance.

Having the returning employee demonstrate new skills for a manager corroborates two important things:

 

  1. how effective the program was
  2. the employee can perform the responsibilities of their job 

"If you tell me,

I'll forget;

If you teach me,

I remember,

if you involve me,

I learn." 

Traditionally university students do assigned work/projects with great ingenuity and elegance, but often without real-world practical engagement. To effectively validate course objectives GIIM has candidates apply the concepts of each course to their job by requiring them to prepare a structured 20+ page report that identifies specific course related problems/opportunities and address how to appropriately and pragmatically address them. While defining and demonstrating a credible bottom line return on education is often challenging, this approach used by all GIIM courses has proven quite viable.

With the growing global demand/gap of IT skills for professionals with the appropriate balance of leadership, technical, management, business, industry, and interpersonal skills, innovative programs that combine flexible training and educating like GIIM have become essential.

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