The 7 C's of Workforce Development
1) Consensus is the extent to which the major stakeholders, government, employers and trade unions are signed up to a commitment to upgrade the skills of the workforce.
2) Competitive Capacity.-Refers to the competitive capacity for productive innovation and change. A high skills economy depends on a high level of entrepreneurial and risk-taking activities, whether in terms of new business ventures or through innovation within existing enterprises, linked to new technologies, R&D and the upgrading of skills. This is best achieved in a context of value added' rivalry between companies rather than its zero-sum' variety that leads to cost cutting, down sizing and lose of competitive innovation.
3) Capability refers to the dominant model of human capability that informs the way people think about their abilities and those of others. In Western nations this has been premised on a scepticism towards intelligence that assumes that only a minority are capable of high skilled work and that the education system must be organized in order to identify and cultivate this limited pool of talent.An alternative view is that the development of a high skills economy clearly depends on a model of human capability based on an assertion that all have the potential to benefit from skills upgrading and lifelong learning. It depends on an inclusive system of education and training that achieves comparatively high standards for all social groups irrespective of social class, gender, race or ethnicity. It also depends on teaching generic skills to all.
4) Coordination This refers to the coordination of the supply and demand for labor. It recognizes that there is often an over-emphasis on supply-side issues of education, training and employability. This ignores the need to foster the demand for skilled employment that cannot be left solely to market forces. A key issue here is how national governments try to tailor their education and training systems to the perceived needs' of the economy, and how they seek to incorporate the expanding numbers in higher education into high skilled jobs.
5) Circulation focuses our attention on the way nations, regions and industrial clusters diffuse skills upgrading beyond beacon' companies, R&D institutes, research centers and universities. In a high skills society we would expect to find a high level of circulation or diffusion of knowledge and skills throughout the workforce.
6) Cooperation is a feature of all forms of economic organization on a large scale. The more productivity depends on brains' rather than brawn', the more important cooperation based on high trust becomes.
The human capital, as what sociologists and economists call it, is accumulating all throughout the years in school. The educational system not only helps young people discover what they want to further pursue in life, but gives them skills and knowledge for that end occupational goal (348). With respect to the skills and knowledge received, schooling offers credentialism for students that particular jobs look for which is another reason human capital is a key role in U.S economic growth in the 20th century.
“Institutions are essential; they facilitate cooperation by building on common interests, hence maximizing the gains for all parties. Institutions provide a guaranteed framework of interactions; they suggest that there will be an expectation of future encounters. They facilitate cooperation by building on common interest, thus maximizing the gain for all parties.” (Mingst, 2011) This theory supports the idea that if one cooperates with the other they both will gain, but once the established trust is lost between the cooperating countries, one should do whatever is in their own economic i...
Nussbaum introduces a set of three different types of capabilities in her analysis. Basic capabilities pertain to the inherent capabilities of practical reasoning that human beings as infants are born with, but cannot exercise as functions until further development (Nussbaum 289). Internal capabilities are those that build upon the basic capabilities through the process of education and other related forms of development (Nussbaum 289). She defines combined capabilities as being the combination of internal capabilities and external conditions which make possible the usage of a function (Nussbaum 290). This is where public policy should be directed because carrying out combined capabilities requires the promotion of internal capabilities as well as setting up an environment where functions can be put into practice. Capabilities can also be seen as a person’s real freedoms or opportunities as a means of achieving certain functionings. To address these two requirements, Nussbaum produced a list of ‘human capabilities’ that serves ...
Another important quality in a successful society is collaboration. Collaboration is the act of wo...
empower a diverse workforce once it is in place to participate fully in organizational decision making,
Dynamic capabilities allude to the specific limit business undertakings have to pattern, reship, arrange, and recompose resources in order to react to growing technologies and markets and breakout the zero-benefit case (Teece, 1977). Dynamic capacities identify with the undertaking 's capacity to detect, seize, and adjust keeping in mind the end goal to produce and adventure internal and external venture particular skills, and to address the endeavor 's changing environment. (Barney, 1991) On the off chance that a venture has resources/competences however needs dynamic capabilities, in fact it has an opportunity to create a com-putative return for a brief period, yet predominant returns can 't be managed. It might win Riparian (semi) rents, yet such semi rents will be contended away, frequently rather rapidly.
Cooperation or collaboration is the tendency to work together for mutual benefit and is generally contrasted to competition which is working against each other for a larger share of benefits. Cooperation is not always desirable nor is compition always to be deplored. When people are cooperative regardless of how they feel or the other person behaves, they may be exploited and taken advantage of.
They are not the technical skills required by an occupation but are the enabling skills that are necessary in most occupations and that allow people to do their jobs successfully. (Molson)
What this suggest is that the differences in educational institutions will determine an individual or a groups level of education in society, but one must bear in mind the fact that just because certain individuals and groups who belong to a particular socioeconomic status doesn’t guarantee them a successful career.
When skills are mastered, a child can have a sense of “personal control” and “healthy lifestyles” which can be used for a lifetime to become problem solvers and be “active and effective agents in their lives” (pg. 35). Personal control is helpful when a person receives a formal education because it helps them learn about “investments in human capital” which can be used in the work force as an adult (p. 34). Human capital is gained when an a individual of population has the skills and knowledge to attain their goals which creates economic
I agree with the statement above on the basis that communication is the most important thing when it comes to working in unison.
Both employing organizations and individuals must be prepared for the coming changes or fund their success limited. As for businesses, globalization and a rapidly evolving workforce are redefining how we think about competence, creativity, productivity, and the structuring of organizations.
Competency also embodies the Understanding Competencies and Competency Modeling ― Page capacity of transfer skills and abilities from one area to another.
Recently, the focus in the workplace has moved towards skills development. For example: the UK Commission for Employment and Skills came to the conclusion that over 80% of the United Kingdom’s 2020 workforce is already employed. Taking this shift into account, employers should take part in skills development activities to invest for training their employees.
All people contain a thing within them known as skill. Skill the ability to do something well; expertise. Many people claim that that are skilled in a certain activities. I may take time for people to learn, develop a skill, but some people are naturally skilled at certain things. Whether it is sports, cooking, math, reading, etc. People may use the skills they have or learn to decide what they will do in the future. Skill can be the deciding factor in whether you will be very successful or unsuccessful in certain activities in your life.