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How to translate education benefits into career mobility: The ultimate guide for employers

How do leading employers turn employee education into internal mobility?

Table of contents

Chapter 1

The importance of education and training in career mobility

Why is strategic education and training the key to unlocking career mobility?

In this chapter, we'll cover:

Which employees stand to benefit most from employer-funded education and training
The role of education in career mobility
The top benefits to employers

What is career mobility – and what does it have to do with education benefits?

Most common scenarios for which employees need education and training

1. Filling personal skills gaps

2. Entering a new field

3. Differentiating from the competition

4. Opening doors to new career pathways

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The role of formal education for employees in career mobility

What’s the difference between formal and informal education? 

Formal learning is an essential part of achieving career mobility. 

What questions do employees ask when pursuing formal education as a means of achieving career mobility?

Top benefits of ongoing learning for career mobility

1. Expand professional knowledge and expertise

2. Improve employability and marketability 

3. Adapt to changing industry needs

4. Enhance confidence and personal growth

Chapter 2

Are degrees still important?

We’ve all seen the headlines “degrees are dead” – but are they really?

While degrees are still a significant driver of economic mobility (not to mention a personal goal for many Americans), degree requirements have significantly limited talent pools for employers. 

In this chapter, we’ll discuss why and when degree requirements should be lifted in order to foster better career mobility outcomes.

Employers should reconsider the degree requirement for jobs, particularly for entry/gateway level roles.

Instead, hire for skills & character where possible – while giving employees the option to pursue degrees.

It is well-documented that having a college degree is one of the single greatest drivers of economic mobility. Higher education remains strongly connected with higher pay and lower rates of unemployment.¹

U.S. Bureau of Labor and Statistics, Earnings and Unemployment Rate by Additional Education 2022

Chapter 3

What are skills development programs, and how can they accelerate career mobility?

With new skill requirements popping up every few months (hello, AI), companies are looking for agile solutions to keep their workforces up-to-date. 

Focusing on skills development can be a faster way for employees to achieve career mobility and employers to fill important skills gaps. 

In this chapter, we discuss:
What skills development programs are
Which types of employees should take advantage of them
Considerations for employees seeking out a program

Skills development programs, or “short-form learning” programs, refer to non-degree education and training programs. 

Short-form learning programs tend to be focused on specific specialized skills rather than “soft” or “durable” skills. 

Which employees should consider short-form skills development programs?

1. Employees who are new to an industry

2. Employees who already have expertise

What do employees consider when looking for a short-form skills development program?

The beauty of stackable credentials is that they enable students to gain skills critical to near-term career mobility while also gaining credit toward a full degree (longer-term career mobility). 

Chapter 4

How employers can encourage employees to pursue education and career mobility

Although everyone has individual responsibility and agency in creating their own career path, not everyone has the same starting point. 

In this chapter, we’ll cover ways employers can help encourage their employees to take advantage of ongoing education opportunities, and ultimately, grow their careers. 

Some employees need more support than others – technical and emotional – to take the plunge  

1. Help employees explore their interests 

2. Identify employee skills gaps for mobility alongside them

3. Set attainable career goals

4. Get employees plugged in with a mentor or coach (other than their manager)

Most importantly, it’s unlikely that people will ask for help that they don’t know exists.

5. Fund flexible online learning opportunities 

Chapter 5

How a stronger alliance between employers and higher education can foster career mobility

At Guild, we firmly believe that employers today need a stronger alliance with higher education. The workforce of the future depends on it.

In this chapter, we'll explore ways innovative employers are already bridging that gap.

Employers are missing a huge opportunity.

3 innovative ways employers are partnering with higher ed institutes

1. Credit articulation for on-the-job learning

2. Clarify career mobility pathways

3. Share and leverage data to fill roles more quickly 

When higher education institutions are able to share learner data with employers (like they do with Guild), internal recruiters can see when an employee is nearing completion of a program.

Chapter 6

The future of education and training in career mobility

What’s in store for the future of education and training as it pertains to career mobility? 

In this section, we list what we predict are the trends L&D and talent leaders need to be cognizant of in the education and career mobility space.

7 trends to expect in ongoing learning and internal mobility

Education and training aren’t just a means  to attain career mobility — they are increasingly an integrated part of what career mobility is.

As employers build their capacity to recognize and capture learning – wherever and whenever it occurs – they also build their capacity to create more meaningful opportunities for employees to grow and learn in the flow of work.

Want a deeper dive into career mobility?

Footnotes

  1.  U.S. Bureau of Labor and Statistics, Earnings and unemployment rate by additional education, 2022.
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