Maximizing Your Career Development with the 70 20 10 Model
Do you feel like you’re not progressing in your career as you’d like to? Perhaps you’re feeling stuck and unsure of your next step. It’s common to face these kinds of challenges, but there’s a model that can help you overcome them – the 70 20 10 model.
This model is based on research that shows how professionals learn and develop as they progress in their careers. According to this research, 70% of our learning and development comes from on-the-job experiences, 20% from relationships with others, and 10% from formal training and education.
Understanding how this model works can help you take charge of your career development. Here’s how you can use it to your advantage:
70% – Learning from On-the-Job Experiences
On-the-job experiences are the most valuable source of learning and development for professionals. This includes applying new skills, taking on challenges, and learning from failure.
To maximize your learning from on-the-job experiences, focus on:
1. Finding new challenges: Look for opportunities that will take you out of your comfort zone and push you to learn new skills.
2. Learning from failure: Failure is a natural part of learning and development. Instead of avoiding it, embrace it and use it as an opportunity to reflect and learn.
3. Building relationships: Your colleagues can provide valuable feedback and support as you learn and grow. Build strong relationships and seek feedback from them regularly.
20% – Learning from Relationships with Others
Relationships with others are also crucial for career development. This includes mentors, sponsors, and peer networks.
To maximize your learning from relationships with others, focus on:
1. Finding mentors: Mentors can provide valuable guidance and support as you navigate your career. Seek out mentors who are experienced and can provide practical advice.
2. Building a strong network: Your peers can also provide valuable support and feedback as you progress in your career. Attend events and join groups related to your industry to build a strong network.
3. Seeking out sponsors: Sponsors can help you access new opportunities and advocate for your career development. Identify potential sponsors within your organization and build strong relationships with them.
10% – Learning from Formal Training and Education
Formal training and education are important, but they should be seen as a supplement to on-the-job experiences and relationships with others.
To maximize your learning from formal training and education, focus on:
1. Identifying your learning needs: Identify areas where you need to develop new skills or knowledge.
2. Choosing the right training: Choose training that is relevant to your learning needs and provides practical skills that you can apply on the job.
3. Applying what you learn: Don’t let your training go to waste. Apply what you learn on the job and seek feedback from colleagues to reinforce your learning.
Conclusion
The 70 20 10 model can help you take control of your career development by focusing on the most valuable sources of learning and development. By understanding the importance of on-the-job experiences, relationships with others, and formal training and education, you can develop a well-rounded career development plan that will help you reach your goals.
Maximizing your career development with the 70 20 10 model takes time and effort. By setting goals, seeking feedback, and consistently learning and growing, you can take your career to the next level.
