Academy Cube Platform Overview and use of ESCO

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1 Academy Cube Platform Overview and use of ESCO Bernd Boeckenhoff, CEO Academy Cube 6th of November 2015 Academy Cube The world s smartest talent platform

2 Academy Cube An international Job and Training Platform 2 Academy Cube brings together young, highly-qualified job seekers with international companies prepares workers to meet the new labor market demands of new technology e.g. the Fourth Industrial Revolution (Industry 4.0), Internet Of Things, creates a win-win situation for the economy, politicians and citizens as a not-for-profit platform

3 Academy Cube Partners and Supporters 3 COOPERATIONS UNIVERSITIES ASSOCIATIONS & PUBLIC INSTITUTIONS

4 KPIs Academy Cube Overall October ,852 Registered Talents 2,376 Job vacancies 176 E-learnings

5 Digital Transformation: Survey TU Munich ~60% of respondents is in the position of a CIO or a similar position 5

6 Changed and new Job Roles & Skills Mobile Application Developer Enterprise Architect Cloud Architect Industrial Network Engineer Medical Device Specialist Digital Marketing Architect Cyber Security Analyst Technical Skills Cloud Cyber Security Big Data Software-defined Networking Internet of Things Data Scientist Customer Outcomes Evangelist Network Programmer Skills of 21 st century Critical thinking Collaboration Communication Creativity Business transformation Change Management

7 Gap on the ICT / STEM labour market 7 Pressure on the European labour market Shortfall of 825,000 ICT / STEM professionals by 2020 across Europe (EC EU 2015) 50% increase in unfilled digital technology jobs in most western industries (Gartner 2014) Europe will need up to 350,000 additional e-leaders by 2020 (BCG 2015)

8 Gartner Predictions 8 The race toward digitalizing business processes is requiring nontraditional and specialized business and IT skills and competencies that are scarce in the market for example, in data science, a shortfall of 140,000 to 190,000 data scientists and 1.5 million managers with the skills to use the insights to drive decisions According to a study from researchers at Georgetown University, the current higher education graduation rate is stagnant, and the economy will face a shortage of 5 million workers with the necessary education and training by A 2012 report by President Obama's Council of Advisors on Science and Technology, for instance, stated that during the next decade, 1 million additional STEM graduates will be needed. In the U.K., the Royal Academy of Engineering reported last year that the nation will have to graduate 100,000 STEM majors every year until 2020 just to stay even with demand. Germany, meanwhile, is said to have a shortage of about 210,000 workers in the mathematics, computer science, natural sciences, and technology (MINT) disciplines. A study carried out toward the end of 2013 found that Britain will need 750,000 skilled digital workers by If they can't support that growth, it could cost the U.K. as much as 2 billion each year. Near-Term Flags: - By end of 2015, most western economies will report a 50% increase in unfilled digital technology jobs, such as data scientists. - By 2016, 20% higher unemployment in semiskilled process worker jobs than in the past.

9 Academy Cube Adressing Gaps in Qualification New Technical Trends Require New Answers on Education 9 Industry 4.0 Big Data THE FUTURE? Education Smart Grid Internet Of Things Industry Gap between classical education and future industry requirements

10 Academy Cube an Initiative of the European industry Closing qualification gaps with smart learning 10 Shortage of Skilled Labour in MINT High Youth Unemployment E-Skills IoT Big Data Industry 4.0 (Smart) Soft-Skills Collaboration Creativity Communication E-learning Moocs Flipped classroom Virtual factory Blended learning Serious Games

11 Academy Cube For talents a community for lifelong learning, certification and career development For employers a community to recruit pre-qualified talents for the digital enterprise

12 Intelligent Matching System Overcoming the Missing Link With the Right Match 12 Match talent profiles to job profiles to reveal readiness for specific jobs Talents Companies Talents receive proposals and register themselves for available courses Training Match job profiles with learning materials Identify and close qualification gaps to enhance employability

13 Talent gets matched with Jobs Evaluating the Job Readiness 13 Talent Company The talent gets a list with the coverage rate for his considered job roles Training Results are shown by comparing each candidate s skills & knowledge with the specific requirements of the job family being considered In the next step, based on these results, the Academy Cube provides training recommendations to the talents so they can close any gaps in skills or knowledge Review competency assessment Coverage rate result Recommended trainings Detailed analysis

14 Talent gets matched with Job-Oriented Training Courses Assigning Recommended Trainings to Fill Competency Gaps 14 Talent Company Candidates can search the whole course catalogue or use the automated training proposals in order to fill their gaps Training Most courses are free of charge and for students or the unemployed, there are special prices offered for all other courses

15 Job Profiles get matched with Training Courses Companies Offer Relevant Training for Effective Recruiting 15 Intro to In-Memory Technology (2 days) SAP HANA Modeling (5 days) Big Data Specialist Talent Company Intro to Data Warehousing (3 days) Business Intelligence (15 days) Data Management & Business Analytics Specialist Training Intro BPM (0,4 days) Business Process Mgmt. by HPI (6 days) Business Process Management Associate Intro to ERP (5 days) SAP ERP Business Processes (10 days) Intro BPM (0,4 days) Production Optimization (2 days) IT-based BPM, Logistics & Production Optimization Specialist Training courses: Preparing and onboarding talents for their dream jobs Curricula or courses target specific job profiles Training content is compiled from various content providers Some courses include assessments and award certifications

16 Academy Cube - Benefits in a Nutshell Taking Responsibility for Europe and Curing the Skill Shortage 16 Faster and simpler onboarding Partially shift training efforts into the selection process High standardization Direct access to candidates Use search and matching functions on the platform Select the right candidates according to the required level of knowledge or skills Pre-qualification Let top talents pass your specific e-curriculum prior to starting a job Access to high quality content from industry leaders in Europe Reach and scalability Access to the top-graduates in Europe Leverage social media channels and access to universities Content aligned to job offers Ensure best fit between job profiles and required qualifications Integrate content for soft skills e.g. e-learning courses Higher Efficiency in Recruiting and Onboarding

17 Academy Cube Organisation: National Offices 17

18 Bridging university and business focus on the communication gap between education and work Education Source: Occupation DIRECT STANDARDIZED COMMUNICATION??? Gap between the communication of classical education and future industry requirements European Skills, Competences, Qualifications and Occupations

19 ESCO - Background European Skills, Competences, Qualifications and Occupations National systems need common national language to link education/training and the labour market Standard terminology for occupations, skills, competences and qualifications Occupations: Is a career which requires skills, competences and qualifications (Software developer). Skills: Is something learned in order to carry out one or more job functions (Programming language). Competences: May incorporate a skill, but is more than a skill. It includes the abilities and behaviour, as well as the knowledge that is fundamental to the use of a skill (Good analytical, logical and interpretive ability). Qualifications: A competent body determines that an individual has achieved learning outcomes to given standards (CCNA). European Qualifications Framework Statistical Classification of Economic Activities in the European Community (NACE) International Standard Classification of Occupations

20 ESCO Advantages Source:

21 Current standards. Source: Source:

22 Bridging university and business focus on the gap between classical education and work Technical Skills Cloud Cyber Security Big Data Software-defined Networking Internet of Things Education DIRECT FIT OF SKILLS & COMPETENCES? 21 st Century Skills Critical thinking Collaboration Communication Creativity Problem-solving Business transformation Change Management Occupation gap between classical eduation and needed 21st century skills Up to date agile content via the internet

23 OPEN SKILL MATCH MAKING SYSTEM THE European Skill Match Making system. Within the Academy Cube Platform our group will supported by the European Commission create an innovative way for young talents to plan and simulate their individual career plan with a system that shows their travel route to their destination like a classical route planning software. Entering the destination and their current possibilities, talents and preferences for the journey, the Open European Skillplanner & Matchmaker will show alternative routes, travelling time, and necessary resources like education, provided by companies or universities, and open learning offers as well, potential costs and interesting hot spots on their way. The planning system integrates current travel information like labor market needs etc. Integrating existing and European educational standards and initiatives which are related to the career route of young people will enhance the transparency and support the choice. Collected data will show how talents are searching information and planning their individual careers.

24 OPeSKIMr - Open European Skillplanner & Matchmaker AC Platform Build Community Co-create & adopt ESCO Matching algorithm

25 OPeAcademy Cube Consortium Faster and simpler career start Develop new job skills before you start your job Increase your chances on the labour market Professional development Focus training efforts on competencies really needed Access to high quality E-Learning content from worldwide industry leaders and universities OPeSKIMr Reach and scalability Get access to multinational companies worldwide Let recruiters and employers from all over the world find you Search for your dreamjob Use search and matching functions on the platform Select the right job according to your personal level of knowledge or skills Content aligned to job offers Ensure best fit between job profiles and your required qualifications High standardization Professional development and job hunt

26 Development of algorithms Matchmaking of talent decriptions to occupations Matchmalking of content needs and occupations >> OPeSKIMr OUTCOME Analysing User Behavior concerning: Preferred choice of key words Preferred travel routes Analysis of aggregated travel routes Description of skills and competences that fit Identification of moderating variables concerning the career planning Use of ESCO Content aggregation and annotation Universities IT Vendors Corporate Trainings Feed back to National labor market offices Universities Companies

27 Thank you! Academy Cube The world s smartest talent platform