16 reasons to invest in modern workplace learning
- It provides people with the informal and social learning they value and need.
- It increases employee engagement and retention.
- It helps attract the right kind of talent.
- It saves people time, reducing time to productivity.
- It reduces traditional training costs.
- It helps the organization stay agile.
- It drives leadership development.
- It increases customer satisfaction scores.
- It helps teams stay smart and encourages collaboration.
- It allows you to build expertise and makes subject matter experts more readily available.
- It allows for knowledge capture and creates a lasting resource.
- It makes learning accessible to every learner.
- It empowers employees to lead their own learning.
- It delivers learning at the point of need.
- It creates competitive advantage.
- It harnesses competitive intelligence.
- 25% of businesses believe that workspace analytics tools, augmented reality tools, and microlearning/training will have a role in the office environment within the year.
- Only 10% of what people learn in the workplace comes from formal courses. The rest comes from informal and social learning.
- Companies with a strong learning culture have 30%-50% higher engagement and retention.
- They are 92% more likely to develop novel products and processes.
- They are 52% more productive.
- They are 56% to be the first to market with their products and services.
- They are 17% more profitable than their peers.