Home Career 3 tips to tie your microcredit programs to the remote workforce

3 tips to tie your microcredit programs to the remote workforce

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From the 1973 oil crisis to the Great Recession, economic uncertainty has historically driven the demand for education as workers seek to gain a foothold in turbulent labor markets. We see that a similar trend is unfolding today.

Americans reassess educational opportunities as pandemic continues to transform work environment and business a record number of workers who quit their jobs or look for new ones, leaving them to employers to fill in the gaps.

In this changing marketplace, employees and employers find value in training, rather than in the traditional way of a four-year degree or master’s program – and many turn to microcredit programs which can provide in-demand skills in a short period of time.

Non-academic courses, trainings or certificates are the most popular options for adults considering further education, according to Strada Educational Network – In the next five years, 36 percent of adults plan to enroll in such programs.

Demand for micro-audiences provides a golden opportunity for higher education, but institutions must catch up with changing skill sets or risk losing this growing market segment. By aligning courses that meet the needs of the remote workforce, institutions can transform their microcredit programs from a single point of contact to a starting point for lifelong learning.

The perfect storm for training

The last two years have become a mass catalyst for microcredit programs.

As businesses have moved from office to remote work, and now to predominantly hybrid models, many organizations have experienced difficulties in this new digital environment. And many remote teams lacked the talent and skills to keep up with the influx of technology built into every aspect of the job.

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