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The U.S. Bureau of Labor statistics found that companies with fewer than 100 employees gave only 12 minutes of manager training every six months. Organizations with 100-500 employees provided just 6 minutes.
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A long-term research project commissioned by Middlesex University for Work Based Learning found that from a 4,300 workers sample, 74% felt that they weren’t achieving their full potential at work due to lack of development opportunities.
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Helping employees gain skills and providing career development often take a back seat to business priorities more directly tied to revenue, but workplace learning has never been more critical than it is right now. And given the accelerating pace of workplace transformation, the need for continual upskilling will surely increase too.
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Buying an LMS is a significant decision because it impacts the entire training strategy of an organization as well as the learning of its employees. So, it is only advisable that the decision to buy a particular LMS must be well-informed and well-thought.
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Effective corporate leadership is vital to the success of a company, but leadership isn’t something that people are born with. Individuals must learn how to be good leaders through the use of practice and dedication to becoming a strong leader. In fact, quality leadership consists of numerous skills that those who lead have learned, ones that can also be taught to others.
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The “Future of Work” is a widely discussed and speculated topic across a multitude of industries. Leading firms like Deloitte, McKinsey and global organizations such as the Organization for Economic Cooperation and Development (OECD) and the World Economic Forum predict that automation is going to have an outsized effect on the composition of the global workforce in the coming years.
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What does it take to make a business successful? To start, a good team. As such, you want to make sure as an employer that you’re treating them just as well as you want them to treat your business. One way organizations do so is through company perks. Typically this includes traditional benefits packages, vacation time, 401(k) plans, health insurance, and perhaps tuition assistance credit.
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For the transformation (from a traditional Learning/Training & Development department to a Corporate University) to have a smart organization that helps the parent organization in advancing its competitive advantages, we need to follow change management rules.
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Peter Drucker believes that in an emerging economy, knowledge is a strategic resource for the economy overall. This portrays the importance of organizational learning today, where companies see themselves in the common challenges such as meeting customers’ needs, staying in the forefront of competition, distinguishing the industry trends to adapt with the changes, enhancing profitability in the existing market, and targeting new markets.
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