The 70 20 10 Personal Development Plan: Achieving Career Success
As the world becomes more competitive, it is crucial to develop skills that can make you stand out from the crowd. Personal development is the key to unlock your full potential, and one effective way to achieve this is through the 70 20 10 personal development plan. This plan, developed by Morgan McCall, Robert Eichinger, and Michael Lombardo, involves allocating your time and resources between three specific areas of focus. In this blog post, I will discuss what the 70 20 10 personal development plan is and why it is important for career success.
What is the 70 20 10 Personal Development Plan?
The 70 20 10 personal development plan is a framework that divides your time and resources into three broad categories:
70% – On-the-Job Learning
On-the-job learning refers to acquiring skills that are directly related to your current role or job. This type of learning is accomplished by taking on new projects, asking for feedback from colleagues, and seeking out opportunities to develop new skills. On-the-job learning is considered the most effective form of learning because it is hands-on, relevant, and immediate. It is estimated that 70% of personal development occurs through on-the-job learning.
20% – Social Learning
Social learning refers to learning from others, such as mentors, colleagues, or coaches. This type of learning can occur through informal interactions, such as coffee breaks or lunch meetings, or through more structured methods, such as mentoring or coaching sessions. Social learning is crucial for developing softer skills, such as communication and leadership, and for gaining different perspectives and insights. It is estimated that 20% of personal development occurs through social learning.
10% – Formal Learning
Formal learning refers to structured training programs, such as attending workshops, courses, or conferences. This type of learning provides a structured approach to developing specific skills or gaining knowledge in a particular area. Formal learning is often provided by the organization, but individuals can also take responsibility for their own learning by attending seminars or taking online courses. It is estimated that only 10% of personal development occurs through formal learning, but it is still an important component of the 70 20 10 personal development plan.
Why is the 70 20 10 Personal Development Plan Important for Career Success?
The 70 20 10 personal development plan is important for career success because it provides a structured approach to developing skills and knowledge that are directly related to your role and career aspirations. By allocating your time and resources between on-the-job learning, social learning, and formal learning, you can be confident that you are investing in your personal development in a well-rounded and effective way. Furthermore, the 70 20 10 personal development plan encourages a growth mindset, where individuals take responsibility for their own learning and actively seek out opportunities to develop new skills and knowledge.
Conclusion
In summary, the 70 20 10 personal development plan is a powerful tool for achieving career success. By allocating your time and resources between on-the-job learning, social learning, and formal learning, you can develop a wide range of skills and knowledge that are directly related to your role and career aspirations. So, take ownership of your personal development, invest in your future, and start implementing the 70 20 10 personal development plan today!
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