Why invest in Learning & Development?
We understand an engaged employee and workforce supports growth within the organization and increases profitability and productivity. Key learning and development build capable and confident employees and is one of the key drivers of engagement. Engagement has become a huge focus for 2020 and while many companies are still working remotely, how do you plan on investing in your L&D for 2021?
Investing in an L&D program shows employees that their career path and trajectory matter and are valued. Retention is at a high when you focus on training at all levels, tailor courses to your team and build upon promotional opportunities through mastery of key competencies. Additionally, you build an incredible leadership pipeline for those who are looking for opportunities for growth within the organization allowing them to train in areas of critical thinking and strategic planning.
For your L&D program to be successful, think about the ways you can identify the team’s needs and really get to know your target audience. What do you want them to get out of the program? How can you help them succeed? By really taking the time to invest in this process, it will also allow you to build on defining achievable goals for all employees. It will help you help them define what success will look like on their career path.
What are some of the best ways you can build your L&D Program?
Lunch & Learns or Skill Up and Fill Up led by internal experts
Training initiatives for employees
Speak to your leadership team about a budget to create these opportunities
Professional Book Club with your Culture Committee
Opportunities to engage with company leaders – Fireside Chats
Peer to Peer Teaching
Now, let us not forget this applies to your entire workforce, so when building your program, think about what is important to your leaders and leadership team, too! What learnings will help them continue to add to their toolkit? We are all not finished products and there are new skills to learn, new processes and there are always new technology and functionalities that not everyone is aware of.
What happens when you implement the programs?
You increase retention
You are training future leaders and managers
Employee empowerment and experience increase
The workforce has changed over the years and companies and organizations must learn to accept change, adapt a new culture and fully understand that the employee experience and employee engagement are measured differently. Allow your program to be the road map for your employees to follow to support their career development. Managing performance and having these programs as part of the career path shows the investment your organization is making to both their time and development. In the end, you will then see that this investment will have a solid return on the most valuable asset you have – your employees.