IIFX LEARNING HUB™
The Innovation Institute for Fan Experience is invested in lifelong learning for its members and the professional development of the sports and entertainment industry workforce.
Before the COVID-19 pandemic, research showed that today’s workforce is less inclined to remain with a single company or organization, but may stay longer if offered opportunities to develop new skills and capabilities, gain experience, and have a path to advancement.
Given the unrealized opportunity costs associated with the loss of an experienced employee and the recruiting and training costs for a new employee, today’s sports and entertainment organizations could retain up to 94% of their Millennials and Generation Z workers if they invest in their professional development.
It is within this context that IIFX offers its Learning Hub, a gateway to the future.
WHAT IS A LEARNING HUB?
The concept of a learning hub comes from the earliest days of peer-to-peer sharing of music at the turn of the 21st century. It is comprised of physical and virtual components that can be used to create an engaging digital learning experience.
Learning hubs provide formal and informal opportunities for learners to come together with peers, practitioners, thought leaders, and other experts in their field. Learning hubs can serve as repositories of the body of knowledge for industry practitioners, providing them access to relevant knowledge and information.
A Learning Hub can serve as a focal point to enlist support from the wider industry and educators to help industry practitioners grow and find new opportunities to improve their livelihood.
WHY A LEARNING HUB?
Between 2005-2014 the number of people enrolled in at least one online course grew from 3.2 million to 18.65 million, a 483% increase. In 2017, more than 6 million people were enrolled in online degree programs, with projections to grow to 10 million in 2020. Then the COVID-19 pandemic struck, sending students and employees to their homes.
Most colleges and universities transformed classroom courses into online courses, some that are asynchronous (exclusively online, self-paced, and with no real-time interaction with others) and others synchronous (online, with a set schedule, and real-time interaction with facilitators and others enrolled in the course). During the pandemic, most schools, including primary and secondary schools, in the United States are offering distance learning programs.
People are becoming conditioned to learning online and the infrastructure to support them is growing to meet the need. Thus, the time is right for the IIFX Learning Hub™.