Workplace learning and development programs (also known as L&D) are so hot right now. 🔥 Employees want them, but employers don't always see their value. 🤔
Aside from those cringey mandatory trainings from the witches over in HR, some companies think anything above and beyond is a waste of time. ⌛ A new survey dug into what employees and bosses really think about learning and development. We've got the results right here. 👇
Here’s Five Fast Facts on workplace learning and development programs:
- 🧠 Knowledge Is Power - The survey polled 800 executives as well as 800 employees. According to the results, 84% of employees expect their employer to provide the training and education they need to keep their skills sharp as skill sets change within their industry.
- 🙄 A Bunch of Fluff - On the flip side, 51% of the executives surveyed said their current L&D programs feel like a big ol' time waster.
- 🧐 Should I Stay - Over three-quarters of employees surveyed said they’d stay put at their current company long-term if they offered a better training and development program.
- 🏃 Or Should I Go - While 39% of employees said they'd leave within a year for a job with better training, more than half said they'd rather continue developing skills that would set them up for future opportunities at their current jobs.
- 🤖 Here Come the Robots - Surveyed executives estimated that 49% of the skills in their current workforce won’t be relevant in 2025. Additionally, 47% said their workforces aren't prepared for the future of work. Sounds like the joke's on the head honchos. According to the Microsoft Work Trend Index, 82% of executives will need to develop AI skills to prepare for the future.
🔥Bottom line: Let's face it, AI is going to be part of everyone's job eventually. It's probably time for companies to start preparing with some top notch training. The people have spoken. Itching for a new gig but don't want to leave your company? Why not hunt for an internal opportunity? Check out this article where we provide some hot tips.
Does your company have a solid training program?
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