What Does the Term Future of Leadership Mean, and How Does Student Industry Experience and Graduate Employability Impact it

The future of leadership refers to the evolving nature of leadership in the coming years, taking into account the changing global landscape, technological advancements, and shifting societal expectations. In today’s rapidly evolving world, the concept of leadership has taken on new dimensions and challenges. As industries, job markets, and working environments undergo significant transformations, it is crucial for educators and universities to give aspiring graduates the necessary tools and practices to develop skills and competencies to succeed in their chosen fields.

In this blog post, we will explore the future of leadership, with a specific focus on industry experience and its link to graduate employability and building future leaders.

Understanding the Future of Leading

The traditional notion of leadership, characterised by hierarchical structures and top-down decision-making, is undergoing a paradigm shift. The future of leading is rooted in adaptability, collaboration, virtual capabilities, ownership and innovation. Effective leaders of tomorrow must possess a diverse skill set that goes beyond technical expertise. They should be able to navigate uncertainty, inspire teams, drive change, be as impactful in person as virtually and embrace a global mindset.

Leadership in the future will require individuals to be comfortable with ambiguity and complexity. As technological advancements continue to reshape industries, leaders must be able to leverage emerging technologies, such as artificial intelligence and automation, to drive organisational growth and productivity. Moreover, the ability to lead diverse teams in virtual, hybrid, and remote scenarios in a culturally sensitive manner will become increasingly important as globalisation blurs boundaries and brings together people from different backgrounds and perspectives.

The Role of Industry Experience

While academic qualifications are undoubtedly important, industry experience plays a vital role in enhancing graduate employability.

While tertiary education plays a pivotal role in carving career paths, many employers note a need for work-ready skills among new graduates. In fact, a remarkable 83% of employers struggle to find suitable candidates due to a shortage of necessary skills, according to research done by NACE 2022 in the US.

Employers increasingly seek candidates who can hit the ground running and contribute immediately to their organisations. Practical experience gained through internships, co-op programs, or part-time jobs provides graduates a competitive edge.Industry experience allows individuals to apply theoretical knowledge in real-world contexts, enabling them to develop practical skills and gain insights into industry trends, challenges, and best practices. It helps graduates understand the nuances of their chosen fields, build professional networks, and establish credibility among potential employers.Moreover, industry experience fosters the development of essential leadership qualities. It offers opportunities for graduates to cultivate essential professional skills like problem-solving, adaptability, virtual teamwork, communication, and resilience – all crucial attributes for effective leadership in the future.

Linking Industry Experience to Graduate Employability

As the future of work becomes increasingly dynamic, graduate employability relies on integrating industry experience into academic programs. Employers often find that recent graduates have the technical knowledge required for their jobs but must gain essential professional skills required to succeed in the role. Employers expect new hires to have excellent communication skills, problem-solving abilities, critical thinking skills, and the ability to work in remote and in-person teams. Unfortunately, these skills are not always taught in traditional academic settings.

It is essential for educators and universities to understand the importance of professional skills and incorporate them into their curricula. Universities and educational institutions must adapt curricula to provide students with experiential learning opportunities that align with industry needs. Internship programs, industry projects, and collaboration with businesses should be an integral part of the educational journey. These initiatives enable students to gain practical skills, build professional networks, and develop a deep understanding of industry dynamics. By bridging the gap between academia and the workplace through industry experience, students can graduate with a strong foundation of real-world experience that enhances their employability prospects. Furthermore, fostering partnerships between educational institutions and industries creates a win-win situation. Employers gain access to a pool of well-prepared talent to meet industry demands. At the same time, students receive the necessary exposure and experience to thrive in their careers.

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Learn more on the benefits of gaining real-world experience in our ‘Effective Experiential Learning’ whitepaper

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The Path to Success

In conclusion, the future of leadership is evolving to meet the demands of a rapidly changing world. Aspiring graduates, educators and universities must recognise the importance of industry experience in enhancing employability skills. By actively seeking out opportunities for practical learning, universities and educators can help their learners develop the skills, knowledge, and networks necessary to develop future leaders. Moreover, educational institutions and industries must collaborate to provide students with experiential learning opportunities, ultimately shaping the leaders of tomorrow who will drive innovation and success in their respective fields.

Remember, the future belongs to those willing to embrace change, adapt, and continuously learn. Are you ready to equip your learners with tools that take them to success?

How can Practera help?

Practera is a project learning technology enabled organisation that can connect learners with real-world learning opportunities, internships, work placements, and industry experience programs.

Enrolling in one of these programs will allow learners to gain in-demand skills employers are recruiting for and provide them with actual talking points for their CV/next job applications, participating & learning as a student consultant to solve various real-world business challenges from driving technological innovation, creating new funding opportunities, finding new market expansion pathways to encouraging sustainability.

If you’re a student, check out our government-backed student programs to sign up for free and kick-start your career.

If you’re an educator looking to boost your student’s chances of success or increase student engagement, you can try our industry experience program for free,  contact the Practera team, or download our white paper to learn more about project-based learning programs.

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Virtual internships involve adapting the traditional onsite internship model for the contemporary virtual world. COVID-19’s impacts have proven that leveraging innovative digital technologies – like Practera’s – allows educators, companies and students to continue their activities in a disrupted world. In fact, it has highlighted the many benefits of moving online – such as enhanced flexibility and cost and time savings.

What Is a Virtual Internship?

Virtual internship programs offer students and new graduates the opportunity to gain real-world, remote work experience with a company in their field, under the supervision of a professional mentor. Virtual interns work on authentic projects assigned by the organisation or company hosting them. 

Each internship involves tailored projects designed to enhance student skill development and employability, while also supporting a range of organisational goals – such as growth and innovation, identifying export opportunities, developing sustainable practices, and finding new funding sources.

Virtual internships are sometimes also known as remote internships or online internships. They are available across a huge variety of fields and industries, such as marketing, business, accounting, and international relations.

Who Can Apply For A Virtual Internship?

Any student can talk to their university about conducting a virtual internship. Some universities have a policy designed to promote equal opportunity access, allowing any student to participate in company projects and gain career-boosting skills and experience – irrespective of their age, faculty, degree program or location.

To ensure a virtual internship supports academic learning, it needs to be directly related to a student’s educational course. 

Can Any Business Accept Virtual Interns?

The short answer is yes – any company or organisation can host students on virtual internships. The business needs to offer students a safe learning environment and the opportunity to work on a project where they can apply their academic knowledge to an authentic work scenario. 

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Learn more on the benefits of gaining real-world experience in our ‘Effective Experiential Learning’ whitepaper

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This typically involves working on a solution to a genuine challenge or situation the business is facing – such as how to implement an effective social media strategy or find new ways to reduce their environmental footprint. The business will also need to provide a professional mentor to give students guidance and feedback. 

How Can My Business Establish A Virtual Internship Program?

Establishing a virtual internship program may sound like another task to add to an already overloaded schedule. But with Practera’s help, the process is fast and easy. We’ll work alongside you to engage a team of talented students to explore opportunities in the marketplace and solve key challenges for your business or organisation.  

Here’s how it works:

• You choose a suitable project type from our list (or talk to us about what would work best for your business).
• Submit a project brief (this only takes 5-10 minutes to complete).
• We’ll assign a team of students to undertake your project.
• You review students’ work and provide online feedback (this takes approximately 60min/week over 2-3 weeks).
• You receive a market research report with recommendations.

Practera currently have a global network of over 2000 corporate, community and government partners providing learners with authentic work experiences. 

You can learn more or submit a project here.

The Benefits of Virtual Internships 

When conducted well, virtual internships have benefits for everyone involved.

Students

• Get to apply their academic learning to a real-world work situation
• Gain career-related and transferable skills and confidence
• Get to connect with potential future employers and professional peers 
• Boost their employability by adding relevant work experience to their resume
• Gain insight into current challenges and opportunities in their field
• Benefit from mentoring by a qualified professional
• Have greater flexibility to conduct an internship around their schedule
• Save time and money commuting to a workplace.

Educators

• Enhance student learning through real world experiences
• Differentiate your institution from your competitors
• Attract and retain students
• Add variety to your suite of pedagogical strategies 
• Build mutually beneficial networks with industry, government and community partners.

Businesses

• Gain access to teams of keen and talented students
• Upskill and reskill staff by providing mentoring experience 
• Identify graduate talent, saving time and money on hiring
• Get innovative solutions for key challenges
• Save time and money on market research 
• Discover insights to help with planning and decision-making
• Stay current with industry knowledge and trends
• Build helpful networks with universities.

University Involvement in Placing Students for Virtual Internships

For universities, finding student placements can be a huge drain on time and resources. With our global network of more than 2000 corporate, community and government partners, Practera makes it easy to provide learners with authentic work experiences such as virtual internships. We can help universities grow a healthy reputation and boost industry engagement while increasing scale and reducing delivery costs. 

How Can Practera Help with Virtual Internships?  

Working with Practera can allow organisations or institutions to set up virtual internships quickly and efficiently. Our innovative platform facilitates provision of a range of fully supported program types, across different durations and levels. Digitally enabled and scalable to thousands of learners, they provide authentic industry experience, feedback and connections for students.

We also offer managed services to help both set up your virtual programs and connect students with global leaders. By connecting with our team, you can make the most out of your student projects as we find the most suitable programs and offer continuous support with a dedicated program manager.

The success of your virtual internship program is assured with our ingenious platform. Featuring robust pedagogical design, it allows seamless learning delivery with engaging apps, feedback loops and artificial intelligence (AI) powered analytics.

Easily design custom virtual internships

A key feature of Practera’s platform is the ability to custom design programs. With Practera, you can author any type of experiential learning – including virtual internships – on the one intuitive and easy to use platform. To streamline the process, our system will guide you by asking the most important questions, enabling you to create powerful learning experiences tailored to both students and industry or community partners.

To make things even easier, you can start creating experiences with just a few clicks using our template library. Simply browse the learning library, pick the right experience type, then choose one of our high-quality templates – all created by expert learning designers – to get started. 

Engaging interface with research-backed design

Practera’s platform features an elegant, intuitive mobile-first interface that supports gamification and personalisation – thereby elevating learning engagement and outcomes. Closely aligned with Kolb’s Experiential Learning Cycle, it is designed to utilise experiential learning loops associated with real world activity. Learners and industry partners are engaged in personalised, engaging workflows with structured content that supports application of theory to practice, feedback and reflection loops. 

Practera’s superpower is its ability to provide timely, relevant feedback using integrated support tools. Students give and receive personalised feedback from their mentors, peers and educators at key points to drive critical reflection, thereby deepening learning and improving performance. 

World-leading AI technology

Another key feature is our world-first artificial intelligence assistant designed specifically for experiential learning. Practera’s ELSA (Experiential Learning Support Assistant) monitors experiences 24/7 to provide real-time suggestions based on evidence from experiential learning science and practice. ELSA saves educators time and helps deliver better outcomes for students.

High-tech analytics facilitate program monitoring and quality assurance reviews. Real-time data dashboards identify the critical issues for experiential learning, enabling you to see any issues at a glance and respond before small problems escalate into bigger ones. 

And if you need any help with designing a virtual internship for your company or institution, Practera’s responsive team are available at projects@practera.com.

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Learn more on the benefits of gaining real-world experience in our ‘Effective Experiential Learning’ whitepaper

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Are you looking to boost graduate employment outcomes within your learning institution? Experiential learning is the answer.

But—you might be wondering—what is experiential learning, and how does it boost graduate employability? Is there any proof of a connection between the two?

We’ll answer these burning questions and more in this article. 

What is graduate employability?

Graduate employability is the ability of a student to find a job following graduation. More specifically, it is the degree to which students can use their skills and knowledge to find work.

A range of factors can affect graduate employability rates, including economic conditions, cost of living, job availability, graduates career prospects, and university prestige.

So, how can universities help students find employment after graduation with all these factors to consider? And at the same time, what can students do to improve their chances at securing work?

It’s all about employability skills.

With relevant skills, knowledge, and experience under their belt, students are well-equipped for finding work after graduation. 

Some examples of employability skills include:

• Conflict resolution,
• Learning agility,
• Teamwork and communication,
• Decision making,
• Critical thinking,
• Strategic planning,
• Problem-solving,
• Leadership
• Many more.

One of the best ways universities can instil employability skills in their students is through experiential learning. We’ll talk more about this educational approach in the next section of this article.

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Boost graduate employability with Practera and learn more about the importance of experiential learning today.

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What is experiential learning?

Experiential learning is a teaching method based on the idea that learning happens through experience. While it may seem like a fancy phrase for “learning by doing”, the approach is a proven educational philosophy surrounding the concept that students learn best when engaged in active, hands-on, meaningful, and relevant activities.

While you can apply experiential learning to many aspects of life, it’s becoming increasingly popular in higher education settings.

To help you better understand what experiential learning is, let’s walk through some examples.

1. Architectural students are learning about topography. Rather than researching the subject online, the students visit a real building site and physically take topographical land measurements using surveying equipment. In this way, the students gain real, hands-on experience with the subject, have higher retention rates, and will have a better chance at finding an architecture graduate job.
2. Art students are learning about anatomy. Instead of studying from a book, the students take life drawing classes and actively reflect upon and receive real-time feedback as they paint. In turn, the students learn to think critically and manage feedback about their work.

Recent studies have found that experiential learning and employment outcomes are deeply connected. For example, a 2014 study found experiential learning enhanced employability for business and management students, while a 2019 study found experiential learning improves employability, progression, and prospects of engineering graduates.

Ensuring the degrees you offer enable graduate employability

Regardless of a student’s course of study, there are ways to implement experiential learning. The examples in the section above are only two of the endless options available for universities hoping to improve graduate outcomes.

Ideally, the degrees your institution offers should provide students with real-world experiences relevant to their chosen careers. Of course, not all students studying the same course will have the same future plans—that’s why it’s critical to involve students in curriculum planning as much as possible.

With experiential learning approaches, students choose activities and topics relevant to their interests and preferred field. In this way, students absorb and retain information more readily and are equipped with their skills to find work after graduation.

We’ll go into more detail about how your institution can achieve these goals in the next section.

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Gain Experience & Skills Employers Are Recruiting For Today!

Enrol for free in Practera’s government-backed live programs to build your employability skills  

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3 ways universities can boost graduate employability

Let’s talk about three key ways universities can boost graduate employability.

1. Make your courses workforce-relevant

Many university courses focus on academic skills without clarifying how the skills relate to working life. To create employable graduates, institutions need to build job-ready skills and prepare students for the reality of the workforce.

One of the best ways to achieve this is through work-integrated learning (WIL), a branch of experiential education. Through WIL, students gain on-the-job experience through volunteering, internships, job simulations, or other forms of hands-on work.

2. Provide a dedicated portal to jump-start careers

Providing a dedicated portal is a fantastic way for universities and students to take control of employment outcomes. This portal could be a learning and employment hub where students can view relevant jobs for graduates, brush up on their hard and soft skills, and connect with employers, educators, and peers.

Practera’s experiential learning platform is an example of a dedicated portal that can help students jump-start their careers. Among other features, the platform streamlines connections between students and employers, helping them network and build lasting working relationships.

3. Double down on lifelong learning

Learning shouldn’t end when students graduate. It’s critical to instil an interest in lifelong learning within every student, helping them understand that upskilling is essential for career success.

The best way universities can achieve this is by giving students control and autonomy over their work, allowing them to guide their approach to their studies and gain confidence in their ability to learn new skills.

How experiential learning can boost graduate employability

There are two main approaches within the experiential learning sphere—work-integrated learning, which we discussed above, and project-based learning. These two approaches can boost graduate employability in distinct ways.

Through WIL, students gain skills deeply relevant to their chosen careers. They gain real, hands-on experience with their field of work and can network with industry experts and leaders.

On the other hand, through project-based learning (which involves engaging in hands-on, long-term projects), students can build skills relevant to work and everyday life. These abilities assist in preparing students for challenges they may face as they enter the working world and make them more appealing to potential employers.

How work-integrated learning works

Work-integrated learning is a type of experiential learning that allows students to get hands-on experience in their field of study. It also provides them with a chance to connect what they are learning in the classroom and what they are experiencing at work.

Universities can offer WIL through:

• In-person or virtual internships
• Work placements
• Work simulations
• Volunteer opportunities
• Fieldwork
• Work-related projects

Work-integrated learning for graduate employment

Implementing work-integrated learning to improve graduate employment outcomes is simple. It’s all about offering the right kind of WIL depending on the student’s preferred career path.

For example, engineering students could benefit best from fieldwork, while students seeking computer science graduate jobs might prefer work placements or internships. You should also consider each student’s unique learning style and offer opportunities to suit.

For help with choosing the best WIL opportunities to enhance employment outcomes, an experiential learning platform like Practera can help. 

How Practera can help learning institutions deliver powerful experiential learning opportunities

Practera offers a broad range of useful features through its dedicated learning platform, benefiting students, employers, institutions, and educators alike. Institutions can connect students with industry leaders and authentic experiences, projects, and internships through the platform.

Delivery is simple. Educators can choose from premade templates built around the best experiential learning opportunities or create a custom experience through Practera’s flexible configuration capabilities.

The platform also offers additional features like adaptive learning pathways, assessment management tools, peer review features, analytics, and much more, making it easier than ever for institutions to boost employment outcomes through valuable learning experiences.

Connect with our team today to adapt one of our authentic Student Industry Project themes to your program with our project-based learning managed service. Let us do the work of connecting your students with global industry leaders with a dedicated program manager by your side and work to find the project that best suits you and your students.

Kick start your experiential journey in 2022 with Practera today. To find out more, connect with our team for a discussion, undertake a demo or download our white paper here.