Later this week, Docebo, the Cloud elearning solutions provider, will be hosting a free educational webinar on best practices to ensure maximum ROI on L&D. This blog post provides some insight as to the content of the upcoming webinar! The webinar will be purely educational and HRCI continuing education credit approved! To register click here.
The skills gap
We’ve all read about the benefits of company investment in developing their employees: product innovation; organizational agility; market share; greater efficiency; quality of work; employee retention; worker engagement, and the leadership pipeline. And right now research shows that the top ten priorities for CEOs in the US are:
- Leadership development,
- Succession planning,
- Strategy execution/alignment,
- Managing/coping with change,
- Talent management,
- Innovation and creativity,
- Performance management,
- Knowledge retention,
- Engagement, and
- Coaching.
Despite this there is a recognizable skills gap - 46% of US executives are concerned that their workforce doesn’t have the business-related skills that will be needed in the next 12 to 24 months to scale business according to these priorities. They anticipate business lost to competitors, a loss in revenue, a drop in customer satisfaction and delays in product development if the skills gap is not addressed.
Of course there is a difference between ‘training’ and ‘development’ and there needs to be greater alignment between the two: organizations push training to their employees, whereas employees pull development to improve their knowledge and skills. The learner needs to understand how developing his/her knowledge and skills will lead to increased performance, and the upcoming webinar will look at the following: coaching and mentoring; self-paced, learner-focused activities; e-learning, and modularization.
The adoption of elearning
Studies in the US have shown that organizations that adopt elearning experience cost savings of around 21% and also save learners’ study time. At the same time there is increased effectiveness and productivity – they see a 32% increase in the time between training and that training being implemented on-the-job. Unfortunately however between 50% and 80% of all L&D activities are what’s referred to as “scrap learning” because the lessons from that learning are never actually applied on-the-job. That amounts to a substantial waste of L&D budget! So how does an organization provide L&D but do it well?
Best practices in Learning and Development
According to webinar presenters, best practices in L&D (for maximum ROI) are:
- Aligned to organisational objectives
- Self-paced and learner-focused
- Designed to embed learning into workflow
- Granular, bite-sized, chunked learning
- Delivered via a multi-media approach – using a blend of delivery methods to suit learning preferences and learner’s needs
To find out more, read this post or contact us ([email protected]) directly to get your unique link to view the webinar on-demand.
