“You are never too old to set another goal or to dream a new dream” – CS Lewis
Lately, there seems to be a trend in discussions about how the 70:20:10 model may be outdated or no longer relevant to the industry.
One particular article provides a lot of thought-provoking detail and one point I found interesting was the suggestion that by accepting the model, you are agreeing with the fact that learning and development only accounts for 10% of the learning taking place for staff to perform their job roles. I especially like the reference the author makes to 'the forgetting curve' and this is why I strongly believe that professional development needs to be ongoing, not just a once-off investment (You can read the article I am referring to here)
As an L&D professional, I agree wholeheartedly with the fact that learning can, and possibly should, take more than 10% of the time to encourage and create a culture where staff are professional, competent and, (hopefully) eventually experts in their field. I have also found the article above and others I've read very interesting and enlightening, and I love that L&D people and others involved in training and development are questioning what was for so long just accepted as gospel.
Having said that, I can also see some benefits to being able to refer to the 70:20:10 model as a base for understanding how professional development can play a positive role in career progression and job satisfaction.
I wrote the article below and posted on LinkedIn in February 2015 and still stand by what it says. The article was simply stating that you can make professional development easy by referring to one simple formula:
5:5 = 100
The reason I wrote the article originally was because of the belief that sometimes we don't place nearly as much importance on professional development as we should (I'm sure we are all guilty of this at one point or another).
Maybe, as we stare down the barrel of another new year with a chance for new beginnings, we can consider what we plan on doing to increase job satisfaction, get a promotion, or gain more recognition at work... and while the 70:20:10 model may still have a place in the training and development world, even if its time has nearly come, the 5:5 = 100 model may be the simplest option yet.
The revamped article is below, and I'd be interested in your thoughts...
5:5 = 100
Are you getting a bit stale? Has your career lost its gloss? Not so excited about going in to the office anymore? It happens to the best of us.
The great news is, we can get that excitement back, and it’s easier than you think…
Do you remember when you first started out in your career, and how bright-eyed you felt going in to work every day? You may have just finished University or school and were raring to get to work every day, couldn’t wait to learn new things… What has changed?
Our thirst for learning has probably been pushed back, and usually through no fault of our own. Work demands, family and life demands, often take precedence over our own training and professional development and we often forget how instrumental it actually is to our working careers.
We as humans, actually thrive in learning new things and accepting new challenges. Getting our groove back at work could be as easy as increasing our professional development and how much of it we undertake.
Some industries are regulated and require professionals to get a certain number of points or hours per year in order to maintain their registration. It’s a real shame that people sometimes look at this as a burden or a chore, instead of embracing it as an opportunity to learn new and innovative ways to do their own job, or get new knowledge or skills that will set them ahead of their competitors. In another article I wrote here, I refer to the fact that progressive companies can potentially use a similar internal system to encourage growth within their teams and for their employees.
If you’re feeling stale and bored at work, maybe you just need to inject some new learning and challenges and invest in your professional development. Maybe this is even a new opportunity to get qualified in a new career, set really awesome goals and dream dreams we only once imagined but can now become real…
Try this: Create a ‘NEW YOU PLAN’. Invest 5% of your salary and 5% of your time towards your professional development every year (organisations can instead invest 5% of their team budget, as an example). The 5% of time will add up over the years, and essentially forms part of the 70% referred to in the 70:20:10 model.
I’m pretty sure this quick and easy formula of 5:5 = 100 will add up to 100% more satisfaction for you in your current job role, or at least towards your new found career dream… it’s the 5:5 = 100 rule, and it works.
Try it and let me know how you get on :)