We propose the FLAP Cycle, composed of Find, Learn, Act, and Perform elements, as a framework for career evolution amid the digital and green transformations. However, especially for the focus and explorative models, it is crucial that the FLAP Cycle be applied across the labor market, with both corporate-specific and a society-wide renditions in unison.
The cycle begins with Find. The June 2021 revision to Japan’s Corporate Governance Code* requires companies to disclose their HR strategies, a main driver of overall management strategies, in wording commonly understood by external stakeholders. We recommend that companies install talent management systems as they make it easier to visualize existing human resources. Companies should also then make clear, to stakeholders within and outside the company, what additional human resources they require.
Next, the Learn step calls for companies to use co-creation opportunities to share tacit knowledge. The kind of innovation that transforms industries is the product of unencumbered dialogue between large companies, SMEs, and startups. We created our career evolution models to help workers acquire the all-purpose skills needed to traverse industries and companies.
The Act step must first be preceded by a major change in the Japanese government’s employment policies: the focus must be reset from maintaining employment to encouraging movement of human resources in the direction of growth areas—a proactive approach. Both the public and private sectors must take action to assure workers they’re heading in the right direction when shifting to new growth areas. The government needs to coordinate both its skill-development and safety-net policies. Companies need to build a framework that links skill development with pay structures.
The final step, Perform, is for individuals to fulfill their true potential and find success. The previous three steps, and measures outlined therein, will only take hold if workers can come to accept and embrace them. Management must fully commit to these actions, share on the principles behind them, and effectively put them into practice for individuals to excel. Time is running out.
*Non-legally binding guidelines set by the Financial Services Agency and the Tokyo Stock Exchange