80% of many Procurement teams will be either Millennial or Generation Z by 2025
The existing competency gap is at risk of widening. A diminishing group of experienced professionals may fail to pass on skills and knowledge to early-career colleagues, due to their high work burden. The new dynamic has implications for CPOs in terms of how they develop their teams to deliver greater value to the organization.
- Expert Procurement professionals are considered “too experienced” for training
- Many Procurement professionals are “too busy to learn”
- 70:20:10 is a “training” formula. Training commitment is monitored through Learning Management Systems
- 70:20:10 will be a workplace model for everyone. Learning is perpetual, not allocated to “training time”
- The 70, the 20 and the 10 are integrated through:
- Self directed formal learning (10%)
- Planned and work specific informal learning through discussion and sharing (20%)
- Evidenced application of learning with line manager support (70%)
Those organizations that make a commitment to learning are attractive to professionals that drive the most positive change.
Self-directed learning sticks. Procurement professionals need a wider range of options to choose from.
eLearning is 50% faster and 40% cheaper than classroom formal learning modes. Pfizer, Micron and adidas are a few of the organizations that have benefited from ADR’s eLearning.