Adapted from: Forbes.com
The best companies recognize that having opportunities for ongoing professional learning throughout an employee’s career enhances job satisfaction, performance, and retention.
The HR Council’s 2008 survey of employees from nonprofit organizations found that opportunities for career development and training were among the most significant contributing factors to employee’s job satisfaction. There is a link between job satisfaction and productivity. Economists at the University of Warwick found that happy workers experienced a 12% spike in productivity, while unhappy workers were 10% less productive.
In their attempt to help new and tenured employees develop the skills they need to be successful, many companies offer corporate learning opportunities. However, the tools that some companies currently use for this purpose are either “low tech” or “wrong tech.” By “low tech,” I am referring to materials such as printed articles and PowerPoint slide show presentations. By “wrong tech,” I am referring to technology that was designed for human resource applications rather than for innovative enterprise learning.
These approaches to traditional corporate learning are inadequate and difficult to use. According to a May 2016 report by McKinsey & Company, 40% of Chief Learning Officers believe that their corporate learning initiatives have been ineffective.
Technologies that are currently available on the market can address some of the deficiencies of the common “low tech” or “wrong tech” corporate learning systems and transform corporate learning. These corporate learning systems allow companies and corporate trainers to manage employee learning, create employee learning paths, and evaluate progress to learning goals.
The content of these learning technologies is increasingly based in the cloud, which makes it accessible across multiple devices and teaching environments and provides the opportunity for employers to make regular updates.
The need to modernize corporate learning is critical. The technological tools to do so are available and are more innovative than previous training tools. What are we waiting for?