LinkedIn for Baby Boomers

LinkedIn is an essential tool for all business professionals to use. There is both art and science to building and sustaining an impactful LinkedIn profile, and the navigation between these two elements can be tricky – especially for highly experienced professionals.

We love that Forbes magazine has published the first article in a brand new series of articles named “The Baby Boomer’s Guide to LinkedIn.” Read the first article in the series that presents strategies baby boomers can deploy to fight age discrimination on LinkedIn.


LinkedIn Live Launched

LinkedIn recently launched its first live video tool, giving people and organizations the ability to broadcast real-time video to select groups or to the LinkedIn world at large.

Launching in beta first in the U.S., LinkedIn Live (as the product is called) will be invite-only. In coming weeks, LinkedIn will also post a contact form for others who want to get in on the action.  Learn more here.


Demand for Older Workers

Croixstone Consulting only hires experience – and demand is rising in the marketplace for older professionals with deep experience. With the labor market at its tightest in two decades, companies are increasingly turning to older workers to meet their talent needs.

Last September, Forbes magazine published an article addressing this trend that benefits older workers with experience.  We found the following factoids to be especially interesting:

  • The unemployment rate for people 55 and older is now just 3.1%, less than the overall jobless rate of 3.9%.
  • Workers 55 and older are the fastest-growing segment of the U.S. labor force.
  • Job growth for people 55 and older is up 4.5%, according to ADP. That’s more than twice as high as the 1.7% job growth for workers overall.

Read the full article here.


In Demand Projects + Skills for Consultants
Have you ever wondered what demand exists in the consulting marketplace for your skills?  Well, we have your answer courtesy of Forbes magazine.  Earlier this week, the magazine published an online article listing the most in demand projects and skills for “independent” consultants (the article is using this term to reference consultants who apply their skills outside the big firms like McKinsey and Accenture).
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The most in demand projects for consultants include:
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  • 61% Strategy:  Marketing + Sales Strategy, Growth Strategy, Opportunity Assessment, Product Strategy
  • 22% Operations:  Business Processes, Product Launch Planning, Supply Chain
  • 9% Transformation:  Business Intelligence and Analytics, IT/Tech Transformation
  • 4% Organization
  • 4% Interim Executive
The most in demand skills for independent consultants include:
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  • Project Management
  • Market Landscape
  • Growth Strategy
  • Strategic Planning
  • Supply Chain
  • Program Management Office (PMO)
  • Corporate + Business Unit Strategy
  • Product Development and Launch
  • Market Access and Value
  • Innovation Strategy
Read the article to learn more about the leading industries using independent consultants, the company size leaders who use independents, and more.

Make Today a Day ON

Martin Luther King, Jr. believed in a nation of freedom and justice for all, and encouraged all citizens to live up to the purpose and potential of America by applying the principles of nonviolence. MLK Day of Service is a way to honor his life and teachings by engaging in community action that continues to solve social problems. Service breaks down barriers by bringing people from different experiences together – volunteering can unite Americans of all ages and backgrounds while building stronger communities.  Visit MLKDay.gov to join millions of others in making today’s federal holiday a Day ON, Not a Day Off.


A Virtual View of the Skills Gap Dilemma

According to the just-released 2018 Employer Needs Survey, 50 percent of North Carolina businesses report hiring difficulties and 60 percent of NC STEM-related and manufacturing companies experience the same. A recent Deloitte study estimates 2.4 million positions may go unfilled over the next decade.

Immersive technologies, such as virtual reality (VR), augmented reality (AR) or mixed reality (MR) [collectively called XR], are being used to address the skills gap behind those numbers. Charlotte-based Lowe’s finds VR particularly useful for simulating the numerous home environments a sales or service representative may encounter. Global shipping giant DHL Supply Chain reports an average 15 percent or greater improvement in productivity in its warehouses utilizing AR glasses, while also reducing onboarding and training time by 50 percent.

What does this mean for employee training? Read more on:  A Virtual View of the Skills Gap Dilemma.

About Our Guest Writer

Lorraine Russell is President/CEO of Room to Focus.  The firm provides the tools and content to help companies increase training retention, attract digital natives, and reduce time spent onboarding and facilitating routine training.  

2018 U.S. Emerging Jobs Report
Each year LinkedIn analyzes data from the previous five years to identify emerging jobs and the skills associated with them.  Some of the biggest takeaways in the recently released LinkedIn 2018 U.S. Emerging Jobs Report are as follows:
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  • AI is here to stay (6 out of the 15 emerging jobs are related to AI in some way).
  • Basic business operational functions are on an upsurge.
  • Soft skills – oral communication, leadership and time management – account for the largest skills gap.
Read the full report to learn more about the top 15 emerging jobs, those jobs with the largest hiring growth and the skills with the biggest skill gaps.

2018’s Most Inspiring Books

We are eternal optimists at Croixstone Consulting and, therefore, love Inc. Magazine’s list of “The 10 Most Inspiring Books of 2018.”  Faithful readers of this blog and Croixstone’s social media channels know that we adore “Rebel Talent” by Harvard Business School professor Francesca Gino.  It speaks to the benefits of constructive nonconformity and our fondness for business mavericks.  And we plan to read Bill Gates’ favorite book of all time, “The Better Angels of Our Nature”, that came out in January. Read the list of 2018’s most inspiring books here.


Keep Informed!

The December 2018 issue of Consulting Magazine is now available.  Access is easy (and, best of all, complimentary)!  Simply register to become a free ALM digital reader, and you’ll receive free access to Consulting Magazine Online and the digital edition.

The current issue highlights the women leaders in consulting who are making a big impact on the industry.  Be sure to read the “ShortTakes” interview on page 4 where PwC’s Vice Chairman and Advisory Leader, Mohamed Kande, discusses the impact of the Fourth Industrial Revolution.  Read the December issue here.

 


100 Events That Shaped the Queen City

The great city that Croixstone Consulting calls home just celebrated its 250th anniversary.  Founded in honor of Her Majesty Queen Charlotte of Mecklenburg on December 3, 1768, Charlotte has grown to be the second-largest banking center in the US, a title it regained in early November 2018.

Charlotte Magazine recently published a list of the 100 events (ranging from the 1700s to the 2000s) that transformed our city into what it is today.  A “must read” regardless of how long you have lived or worked in the greater Charlotte region!