Short term benefits?
Aren’t you forgetting something?
Yes, learning and development !
When the office is a place to be productive and deliver tasks, then why so much emphasis on learning and development?
Why invest time and money in training the employees periodically when you can use the time, money, and resources in meeting production goals?
Because learning and developing culture is the driving force for an employee to utilize their skills, knowledge, and talent to their full potential.
Per Deloitte’s latest report on the benefit of continuous learning cultures, where these organizations are seeing 37% higher employee productivity, and 46% are more likely to innovate and become the first to market.
- Through continuous learning and development, a professional gains expertise in skills that are required to stay relevant and competent in this ever so evolving work of digital technology. Continuous learning will make them capable of contributing more towards attaining business goals.
- The economic climate and business market is expanding and changing at a rapid rate. The need the hour is a team, and an organization that is proficient in the latest technology knows how to resolve contemporary issues with minimum wastage of time and money.
- A learning and growing environment also ensure business sustainability as nowadays an increasing number of companies are focusing on retaining talent. Did you know that retaining talent is more cost-effective than finding, hiring, and training a new employee? Yes, it is! A continuous learning culture will make sure that the employee remains interested and motivated to look forward to what they will learn in the next session and the practicality of it. This will also instill in the employees and the team. That the organization values them and they are worth investing for.
But the Corporate Executive Board found out that only 10&% of companies have an actual learning culture.
In this digitally evolving era, it is essential for the organization to understand and implement a digital learning platform to ensure your employees stay competent and business keeps growing. Some of the latest technology that can be used to create a learning culture are:
- Augmented reality:
AR and VR can drastically enhance the efficiency of the training and development program, allowing employees to understand the impact of technology in virtual reality. This helps in increasing retention, thereby enhancing performance.
Microlearning allows for easy access to information to the employees, anywhere and anytime. This will especially help your offshore IT outsourced employees, who can’t be present physically for the sessions.
- Adaptive learning:
A new technology to customize the entire online course on the basis of how the employees are performing in the timely quizzes and what is their speed of learning.
- Corporate massive open online courses:
These course, as the name suggests, are free to everyone offering a plethora of corporate sources, without any prerequisites. Through these platforms, employees can interact and learn from peers from across the world.
But how to create an environment that proffers continuous learning and development, is enriching and give employees a room to grow to their full potential:
- Create a Mindset That Is Open to Growth:
Encourage employees to have an open mindset towards learning. Tell them to think of coaching as a growth opportunity and take feedback in a positive stride.
- Teach People How to Give Great Feedback:
Feedback should be expressed and received in a way that the employee does not let emotions come in the way of it. They should be able to give constructive feedbacks that help employees work on their lagging areas and enhance their skills.
- Introduce 360-Degree Development Reviews:
Reviews help identify the areas where the employee is struggling and where they are excelling. A 360-degree review will help the employee share their insights, the solution to common problems, thereby ensuring growth and development for everybody.
- Set Learning Goals Within Teams:
Set realistic, transparent and achievable goals for the employee and make sure they know they are accountable for attaining it
- Start a Peer-to-Peer Coaching Ecosystem:
A peer to peer learning culture can help employee relate to their problems with the colleagues and learn from those who have crossed the hurdle successfully.
You know what they say, learning should never stop; otherwise, how do you plan to evolve. After all, isn’t it all about survival of the fittest?