The Future of Credentials?

Following the post on the future of work, was thinking about what implications this would have for education, and the most obvious connection between work and education is about credentials. These are the signposts that tell (current or future) employers that a person has a certain set of characteristics. The most obvious example of credentials is the degree which your college/university has given you, telling the world that you meet a certain set of criteria. Often, this criteria is somewhat obscure, and may mean all things to all people, as we can see from the fact that the same credential from different universities mean different things, as seen from the value that people assign to them.

Today, a college degree has immense value for an employer, because the college degree tells the employer that the student has gone through a certain set of courses, and therefore is the right person to meet the requirements of the employers. From the employer’s perspective, the degree tells them that the prospective employee has the skills to be able to build a career. What employers look for is the assurance that the prospective employee has what it takes to fit into the grand scheme of things, to become a part of the larger picture that their organisation represents.

However, as the nature of work changes, as I said before, would such a credential of an ability to learn all things be as important? I believe that in such a scenario, where an individual would be contributing their specific quantum of work in a larger value chain as a ‘freelancer’ the skills of the individual in that particular space would become much more important than their generic ability. This means that organisations would naturally be more interesting in evidence of achievement in that specific area.

Such a shift in focus from organisations would necessarily mean that the ability to demonstrate ability in a particular area would become more valuable than the ability to demonstrate overall/generic ability. Hence, I feel, artefacts generated by individuals in the course of their learning, whether in the form of project reports, or papers authored, or creative work, would probably have a far greater impact than the degree. So, for instance, a paper written by a student on a particular topic, related to the work sphere of the student would likely have far more interest for employers than the degree or the grade would.

In other words, the evidence of achievement, in the form of artefacts, or in the form of eminence would become a far more valuable resource by which to evaluate prospective employees than simply the degree.

The Future of Work?

The way we work has been undergoing massive changes over the last decade or more, but today, I believe, we are at the cusp of a fundamental shift in the relations of work, facilitated by the developments in technology. By relations of work, I mean the role each individual plays in a ‘value chain’ and how the part contributes to the whole.

Before the advent of the modern corporation, people worked not for a corporation (they weren’t around, remember?). Rather, artisans, for instance, manufactured their final product, say a bicycle (if they were around …) as a single entity, and sold their products in a marketplace.

With the advent of the corporation came the concept of people working in jobs where they did specific work, which contributed (often in indefinable ways) to the overall value chain. In this way, the individual would do their part of the work, and pass on their output to someone else, who would do their part of the work (value add) and so on …

This aspect is changing, and, I believe, set to change in bigger ways. As we are seeing there is a trend towards organizations outsourcing their work to freelance contractors. As this grows (and we are seeing this happening more so in the technology sector) we would likely come to a state where instead of many individuals being brought together under the ambit of the organizations, people would work more in their capacity as individuals, being brought together under the ambit of the value chain. This value chain, by definition, would span organizations, which means that we can expect to see, more and more, the value chain being formed as a loose federation of individual freelance contributors, their output orchestrated by a set of organizations partnering together to create a certain set of products or services.

So in terms of work structures this could likely be a move towards towards ways of working the modern corporation replaced, though in ways which are very much the new millennium. This has massive implications on the aspirations of youngsters (I don’t quite rely on the generation nomenclature, partly because I don’t understand it …), in that they can probably no longer aspire to long term jobs and designations may lose their meaning, the content of work, and the satisfaction that generates being the main defining factors there.

In a way, going back in time, but in a 21st century way.