EY Announces “Day One Ready” to Create Needed Competencies of the Future
It's fun when I get to include an article on my former firm. Recently, Ernst & Young LLP (EY) announced it is launching a new program to collaborate with universities and usher in the digital workforce. This program, Day One Ready, prepares students for today's real business world and connects them to potential internship opportunities. It is the newest element of the Tax practice's proprietary upskilling initiative designed to create the workforce of the future and to help EY meet the demand for digitally skilled talent. This program is an expansion of a successful pilot cooperative curriculum with the University of Dayton in Ohio.
"Our approach to staying ahead of disruption will create jobs for people in many ways," said Martin Fiore, partner, Ernst & Young LLP, and EY Americas Tax Talent Leader. "We are driving the development of the right skills for those jobs by working collaboratively with academic institutions and modifying learning at all ages and levels to develop a total workforce with the needed capabilities for the future."
The courses offered by EY to associated universities include: Lean Six Sigma; Robotics Process Automation; Excel Power Modeling; Data Analytics and Visualization; Autonomous Systems; Coding; and Mindfulness to enhance the ability for students to innovate in the future. The new curriculum is taught by a combination of university faculty, EY trainers and guest lecturers who deliver mini-courses on the most in-demand skills for future professionals, mainly consultants.
Other elements of EY's dedication to the future of work include: collaboration with more universities in 2018; changes to recruiting targets with science, technology, engineering and mathematics (STEM) backgrounds; coursework for current employees to develop capabilities for the future; and executive-level training for digital certification. Among the upskilling programs to help current EY professionals deliver new skills and work more effectively with clients, the latest is Elite Skills Week. This week-long session of courses is held at the innovative Q Center in Chicago to develop five of the Day One Ready skills critical to the workforce of the future.
Fiore explained the change of focus on recruiting and training: "The future will be governed by predictive analytics, algorithms and artificial intelligence. Our strategy is to shift the workforce, adjust hiring and evolve learning programs with technology-enabled processes, chatbots, and critical thinking. Our curriculum is far from static and will gradually include more advanced learning that helps our people to understand, use and innovate our services with each generation of digital disruptors. We will continue to have new and exciting job opportunities and are willing to help develop people to bring the right skills."