Are you ready?
Are you ready for the shift in the way Learning and Development will be delivered? How will you deliver the knowledge and skills development of your people in 2010 and beyond?
In a new report from Bersin & Associates in December 2009 some very interesting findings have emerged about the way learning and development impacts organisations. The report also focusses on what future training trends will bring. These include although are not limited to a shift towards a blend of e learning, social network learning and performance assignments and feedback - known as embedded learning. Whilst the days of formal classroom based training are certainly not gone, there is an increased demand for flexible delivery methods.
The study also found organisations with Superior Talent Management have significant advantages:
26% higher revenue per employee
28% less likely to have downsized during 2008 -2009
40% lower turnover among high performers
17% lower overall voluntary turnover
87% greater ability to “hire the best people”
156% greater ability to “develop great leaders”
92% greater ability to “respond to changing economic conditions”
144% greater ability to “plan for future workforce needs”
In order to acheive these figures you need to have some decent Learning and Development in place across the business. As a Learning and Development provider, dta WORLDWIDE has been working with organisations for a number of years and is shifting its thinking toward blended learning.
One of the most concerning aspects in the report relates to managers. We come across this issue frequently and this research states: "One of the disturbing trends we continue to see is the struggle by organisations to build leadership, coaching and management skills among first-line managers. In fact, our research continues to show that HR leaders rate their first-line managers as their “least ready” workgroup in the company, even less capable than their entry-level employees"
How many high performers do you have - and how many might you lose - or have already left? Do you want higher revenue per employee? What are you doing about developing the talent in your business?