How important are L&D programmes?

68% of workers reveal learning and development opportunities are their organisation’s most important policies. Millennials are willing to leave jobs at the drop of a hat if they feel their development needs aren’t being met. A huge 86% of them report they would have stayed at their jobs if offered training by their organisation. 59% say that when applying for a role, development is an extremely important aspect for job satisfaction.

An investment in training can increase your organisation’s profitability by 24% due to team members getting the skills to be exactly where they’re needed, rather than employee potential getting lost in the crowd.

We found that 80% of employers have said they wish to invest in training their current teams, after finding it less expensive to upskill or reskill over last year, with 62% agreeing that L&D needs to rebuild or reshape their organisation in 2022. The importance of having a learning and development structure in place is paramount to building a work culture based on continuous learning, according to 87% of HR leaders.

Despite a downturn in leaders’ attitudes toward learning and the appeal of digital learning wearing off since the pandemic, there has been an upshift in personal development amongst employees to gain qualifications to move up the ladder or get a better position within their organisation. Even so, this means current teams will need to be trained more effectively to cover the gap. And so, learning and development programmes will still be very much in demand come 2023.

 

To discuss a learning and development programme for your organisation, contact Neoskill here for a quote.