How Learning and Development in Workplace Empowers Growth?

Employers are trying to attract and retain employees by focusing on new-age technology. Many industries today are facing skill gaps and labor shortages, making retaining and strengthening the workforce cumbersome.

The general lack of digital maturity is one essential reason companies are critically looking to improve their workplace learning and development processes. Formstack and Mantis Research revealed that only 4% of today’s organizations have achieved a fully digitized and automated workplace. Today, companies need to grow digitally to avoid inefficient, redundant processes impacting their productivity. Effective L&D processes are also inevitable to ensure employees combat the rising organizational changes. 

This blog will discuss the corporate Learning and Development paradigm shifts and how Learning and Development in workplace impact business value!

Transforming Learning and Development in Workplace

The paradigm shift has hit rock bottom in the way people work, the way customers prefer things, and, on a larger scale, the world as a whole. When your organization fails to be digitally ahead, employee productivity, employee retention, customer satisfaction, and, henceforth, business value suffer.

Post-COVID, companies in all spectrums are trying to stay afloat and make spontaneous decisions. However, it is time for companies to address their gaps and reach digital maturity through proactive strategic decisions. 

How?

Culture, workflow digitization, futuristic technologies, and team collaboration are pivotal in your organization’s automation efforts. Planning is important to determine where your organization lands on a digital maturity model. Then, identify changes you can make to achieve workflow automation, employee empowerment, improved customer experience, and other goals that build your business value.

When an employee learns a new skill, its period of effectiveness is limited, say five years or so. Moreover, there is no assurance that your employees will stick with you for that long. In this digital age, companies must break their function silos, and employees must quit efforts to build linear career paths.

How can a modern workplace like yours pace up with such paradigm shifts?

An always-on, collaborative learning and development experience is the answer! Don’t give your employees a long ladder; ask them to climb to the top immediately. Make them take small progressive steps, give them time to pause and evolve, and guide them in collecting a large cluster of capabilities and experiences on their way up. 

The question is: Can you provide a hassle-free, iterative learning experience to support a rapidly evolving workforce? In doing so, can you ensure your organization’s agility and digital maturity?

You can if you have an innovative corporate learning platform to assure the delivery of actual employee and business value.

The Strategic Role of Learning and Development in Workplace

Providing your employees the chance to learn and grow makes them feel invested in your organization. In a rapidly evolving skill market, your employees should be given new challenges to push beyond expectations. This will help your employees remain content and interested in their work.

Employees are trying to keep pace with the rapidly shifting modern workplace through agile and ‘responsive to change’ learning. Therefore, focusing on your organization’s learning and development strategy makes a strong case for its wide-ranging impacts on business values.

Now, let us look through a few business areas that can be impacted by effective learning and development!

1. Talent Attraction and Retention

While it is important to follow the traditional learning approach of improving productivity at both the individual and organizational levels, it has now had a wider impact on employability. The work landscape has taken a dramatic twist regarding employees staying long-term in one company.

Employees will stay only until they feel valued in the company, feel valued for the role, and positively contribute to their career development. In such a situation, you might find employee attraction and retention complex. One of the main reasons employees joined your organization is the tremendous opportunities you offer. When the opportunities are exhausted, employees do, too!

2. Grow Your People and Their Abilities

The skill market quickly evolves, necessitating employee skill polishing now more than ever. But when you have training and development opportunities, your employees will stay on top of the changes as it happens. When you invest in developing leaders in the workplace through learning, you will see increased ROIs. This will make your organization more likely to achieve performance targets.

3. Build A Value-based Culture

Your organization’s values and morals have been built upon the need to be understood by the employees you recruit. Only a learning and development program can help better communicate and practice company values. Even when your employees are scattered or remotely working or distributed, value-based culture training can help build a sense of community or connection among your employees. 

4. Build Your Brand

As already said, fostering a company value-based training is your organization’s ‘mantra’ to build a brand among Gen Y professionals. When it comes to other prospective employees, your brand identity is the first thing they care about, and they will also look into the position you hold in the business landscape. Communicating your company as a brand through L&D training programs can help you improve your organization’s status.

5. Employee Engagement and Motivation 

Again, employees need opportunities to stay happy and connected with your organization. For this, make sure you have a proper L&D training strategy. When employees are engaged and motivated, they will give their 100% effort, have more creativity, and focus on innovative approaches. 

How Learning and Development Platforms Can Transform Your Workplace

Investing in Learning and Development training can harvest great rewards for your company. Just needing one in place is not enough. You also need to understand the measures by which these changes are impacting your employees and the company as a whole. Measuring just employee satisfaction and completion rates like conventional methods won’t do. 

A result-based matrix is also needed to assess the impacts of these changes on employees and their learning engagement, as well as on teams and the whole business process. To ensure your organization adopts these business values properly, ensure you have a review framework that checks for strategic alignment, people’s capabilities, organizational health, individual peak performance, etc. What’s better than L&D software to help streamline the entire learning and development process?

How Skill Lake Transforms Workplace Learning

Skill Lake is a unified platform for all your learning and development programs in the workplace. When your business expands, training many employees can be painstaking. But with Skill Lake, you can easily achieve this task, maximizing your chances of building a dedicated workforce and unique business value.

Skill Lake offers several benefits that can help your company easily tackle the quickly evolving L&D training programs. Some of them are:

1. Driving business growth
2. Promoting learning and accountability
3. Organizing course materials
4. Boosting learner engagement
5. Offering continuous learning and growth

The features and benefits of Skill Lake catalyze your business value, improve your ROI, and make your company go places through one simple step—continuously making your employees future-ready! Connect with us now!