The Changing Demands for PM Education
The retirement of baby boomers has—and will continue—to decrease the overall size of the talent pool. When you factor in the dramatic movement away from the science, technology, engineering and math (STEM) curriculum, the talent pool is extremely shallow.
Now consider the growing percentage of programs and projects dealing (directly or indirectly) with aspects of STEM and you begin to see the talent management challenge that is facing most, if not all, organizations around the world.
One study suggests that an astonishing additional 19 million workers with college education will be needed by 2020. I asked a group of professionals, “How dependent will your business be on technology in the next three to five years?” The results were quite shocking! Slightly over 50 percent of respondents said they were “very” dependent, and nearly 40 percent said they were “totally” dependent. That seems to paint a bleak picture of the STEM shortage problem we all face and will undoubtably have to deal with.
Now emerging technologies comes into play as well. Some have estimated that the disruption caused by emerging technologies on our human resource models will be significant. It appears after a review of some of the current estimates of emerging technology adoption, the number of jobs eliminated by these entrants will be significant. The
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