Many candidates feel that midsummer is not the right time to find a new job. It’s true that many companies hold off on posting key positions until fall and that the hiring process can slow to a languid crawl during midsummer due to vacations. However, there are useful ways you can use summer “downtime” to pave the way to career advancement. One way is to put the “70:20:10” model to work to enhance your skill profile.
What is the “70:20:10” Model?
The 70:20:10 model is a proportional breakdown of how people learn effectively and was developed by Morgan McCall and the Centre for Creative Leadership (CCL) in the 1980s. While it’s neither scientifically proven nor exact in its mix, the notion that informal learning carries the heaviest weight on the job has influenced approaches to training. Essentially, the CCL originally conducted a survey with 200 executives. The survey’s findings were that individuals obtain 70 percent of their knowledge from job-related experiences, 20 percent from interactions with others, and 10 percent from formal educational events. Thus, the theory has been that 90% of your professional knowledge comes from “informal” learning. The 70:20:10 rule or model revolutionized approaches to corporate training. It has also led to new ways of looking at training, with the internet giving rise to increasing proportions of both social and formal learning opportunities. Read the rest of this entry »